BENTONVILLE, Ark. (AP) - Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.
Walmart credits the newly passed tax reform for letting the company give it's employees raises. The company's president said the new law gives them the opportunity to be more competitive globally.
As for benefits, the company said it will expand maternity leave for full-time hourly workers to 10 weeks. Paid parental leave will also be upped to six weeks.
The retailer said Thursday changes that to its compensation and benefits policy will impact more than a million hourly workers in the U.S., with the wage increase effective next month.
The company is also creating a new benefit to assist employees with adoption expenses.