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Gogo Vision: Can Walmart's Training Perks Help Them Shine Brighter Than Amazon?
Manage episode 422130016 series 3576039
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Walmart is offering new training programs and certifications for roles like HVAC technicians, opticians, and software engineers, along with a bonus of up to 1,000 per year for hourly store workers. The company is investing in its stores and workforce to compete with Amazon, including offering stock grants and upgrading stores. While average hourly wages are near 18 and the minimum wage was raised in January 2023, there is criticism for low compensation. Walmart's new training programs aim to help employees move into higher-paying jobs, with initiatives like a skilled trades training program and increased skills certifications. These efforts are part of Walmart's strategy to retain market share gains, particularly in the grocery department.
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