Previous Close | 0.1800 |
Open | N/A |
Bid | N/A |
Ask | 1.3800 |
Strike | N/A |
Expire Date | 2025-06-20 |
Day's Range | 0.1800 - 0.1800 |
Contract Range | N/A |
Volume | |
Open Interest | 78 |
Wages for its entry-level workers will now start at $16 per hour from $15 that was set three years ago, it said. The company also said hourly wages will grow at a "faster" clip, rising to between 3% and 6% based on years of service that would allow workers to quickly attain the maximum pay rate for their given position. As a result, Sam's Club expects the average hourly rate for its workers to be above $19, excluding bonuses.
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BENTONVILLE, Ark., September 17, 2024--Sam’s Club, a membership retail club and digital innovation pioneer, today unveiled a reimagined approach to its workforce compensation, announcing a new plan that accelerates pay for nearly 100,000 frontline associates and provides a roadmap for them to plan and pursue more predictable, longer-term financial futures. The new plan creates opportunities for associates to build better careers and lives with Sam’s Club.