GITNUX MARKETDATA REPORT 2024

Must-Know Walmart Employment Statistics [Current Data]

With sources from: businessinsider.com, walmartcanada.ca, careers.walmart.com, cnbc.com and many more

In this post, we will explore a comprehensive collection of statistics related to Walmart’s employment practices and workforce dynamics. From the number of employees worldwide to training investments and employee benefits, these statistics provide valuable insights into Walmart’s position as a major employer in the retail industry. Let’s dive into the numbers that shed light on Walmart’s workforce and corporate initiatives.

Statistic 1

"Walmart employs approximately 2.2 million associates worldwide."

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Statistic 2

"In the United States, Walmart employs around 1.5 million people."

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Statistic 3

"Walmart operates over 4,740 retail stores in the United States."

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Statistic 4

"Walmart’s average hourly wage for full-time employees in the U.S. is $14.26."

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Statistic 5

"Walmart plans to spend $400 million in fiscal 2021 on initiatives to reduce employee turnover/retention."

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Statistic 6

"Walmart’s employee turnover rate is about 44%, which is lower than the retail industry average of 60%."

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Statistic 7

"Walmart spends about $4 billion annually on employees’ training and development."

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Statistic 8

"As of 2021, Walmart employs more than 14,500 veterans as part of their ‘Veterans Welcome Home’ commitment."

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Statistic 9

"Walmart offers insurance coverage levels of 50%, 75%, and 100% of store employee’s salary as an optional life insurance benefit."

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Statistic 10

"75% of Walmart’s U.S. store management team began as hourly employees."

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Statistic 11

"More than 200,000 Walmart employees have benefited from the company’s Live Better U education program as of July 2021."

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Statistic 12

"Walmart’s share of the total number of jobs in the U.S. retail sector is estimated at 8.9%."

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Statistic 13

"Walmart employs over 91,000 people in retail operations in Texas alone."

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Statistic 14

"Walmart’s cash bonus program rewarded over $730 million to their hourly employees in 2020."

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Statistic 15

"About 1.4 million Walmart employees in the United States have access to a mobile app called ‘Even’ to help manage their finances."

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Statistic 16

"Walmart employs over 16,000 associates in Canada."

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Statistic 17

"Walmart provides a 10% discount on regularly-priced merchandise for their employees."

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Statistic 18

"Walmart employs around 14,000 people in its eCommerce division."

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Statistic 19

"In 2018, Walmart announced it would increase the starting wage for employees to $11 per hour."

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Interpretation

In conclusion, Walmart's employment statistics showcase the retail giant's significant global workforce and its efforts towards employee retention, development, and benefit programs. The company's initiatives to reduce turnover and provide training opportunities have resulted in a lower turnover rate compared to the industry average. Walmart's investments in employee wages, insurance benefits, education programs, and financial management tools highlight its commitment to supporting and empowering its workforce. Additionally, the company's presence in various regions, such as the U.S., Canada, and Texas, further exemplifies its substantial impact on the retail sector.

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