Follow CBSMIAMI.COM: Facebook | Twitter

MIAMI (CBSMiami/CNN) – The new Republican tax law is translating into extra cash for some Walmart workers.

The company has announced that qualified employees would receive a one time bonus of up to $,1000 because of the law.

It also plans to raise its minimum wage to $11 an hour. Walmart previously raised its minimum pay for most employees to $10 an hour in 2015.

Related: Some Sam’s Club Stores Are Shutting Their Doors

As of December, the average pay for full-time workers was $13 an hour.

“Today, we are building on investments we’ve been making in associates, in their wages and skills development,” Walmart president and CEO Doug McMillon said in a news release. “It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”

He added that “tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”

Because of the tax reform law, Walmart says it’s also creating a new benefit to assist associates with adoption expenses. The benefit, which will be available to full-time hourly and salaried workers, will total $5,000 per child.

The company said it’s also expanding its parental and maternity leave policy. Full-time hourly workers in the United States will get 10 weeks of paid maternity leave and six weeks of paid parental leave.

The changes affect more than 1 million hourly associates.

McMillon also said the company is “early in the stages of assessing the opportunities” that tax reform creates for Walmart. The company said it will share further details when it releases quarterly results next month.

(©2018 CBS Broadcasting Inc. All Rights Reserved. CNN contributed to this report.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

More From CBS Miami

What Are People Talking About?
Weather Forecast 24/7Check for current temps and what to expect throughout the day
Get Your Daily DoseHere's some good news just for you.

Watch & Listen LIVE