This new wage investment is part of Walmart Canada’s broader strategy to support its associates through competitive pay, comprehensive benefits, and free education and training opportunities. Earlier in 2023, the company announced over $145 million in wage enhancements across logistics, fleet, and retail sectors, underscoring its dedication to attracting and retaining top talent.
Investing in People: A Core Value
“Walmart Canada is people-led, and we’re proud to offer competitive wages and some of the best benefits plans in the Canadian market,” stated AnnMarie Mercer, Chief People Officer at Walmart Canada. “Investing in our people is critical to making sure we continue to attract great associates who want to stay and grow with us.”
Regular compensation reviews are a cornerstone of Walmart Canada’s strategy to ensure good jobs with attractive pay and benefits. As Mercer emphasized, associates are the company’s greatest asset, and providing robust compensation is key to building a thriving workforce.
Comprehensive Compensation Beyond Wages
In addition to wage increases, Walmart Canada offers a holistic compensation package designed to support associates’ overall well-being. Key components include:
Annual Performance Bonuses: Associates can earn bonuses tied to company performance, reinforcing a culture of shared success.
Comprehensive Health and Wellness Benefits: These include enhanced prescription drug coverage, dental care, fertility treatments, and mental health services.
Virtual Care and Well-Being Support: Associates can access free and confidential 24/7 virtual care, along with employee assistance and wellness programs powered by TELUS Health.
Exclusive Discounts: The Walmart discount card offers a 10% savings on groceries and general merchandise in-store and online.
Retirement and Investment Opportunities: Deferred profit-sharing plans and discounted stock purchase programs help associates secure their financial futures.
Recognizing Supply Chain Excellence
“Walmart Canada has a best-in-class supply chain, and our associates are critical to helping us serve our customers,” said Matt Kelly, Vice President of Supply Chain at Walmart Canada. “This newest investment underlines our deep appreciation for our associates’ consistent hard work and dedication.”
Education for the Future
Walmart Canada also continues to prioritize skills training and education. Through the Live Better U (LBU) program, associates can access 100% tuition and book coverage for eligible courses. This initiative equips associates with skills for future jobs while fostering professional growth. To date, over 3,000 associates have taken advantage of this opportunity, ensuring a workforce ready to meet evolving business needs.
This latest investment further solidifies Walmart Canada’s position as a leader in workforce support and development within the retail sector. By consistently enhancing wages, offering robust benefits, and prioritizing associate growth, Walmart Canada sets a benchmark for employee-centric policies in the Canadian market.
With a comprehensive approach to associate well-being, Walmart Canada continues to demonstrate its commitment to being an employer of choice. From competitive wages to education opportunities, the company is paving the way for a better future for its workforce.
