Sam’s Club 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, the company said in a statement. Under Sam’s Club’s new plan, associate hourly wages will progress faster in their pay range, expanding the increase to between 3% and 6% based on years of service. With these new compensation investments, the average hourly rate for Sam’s Club associates is anticipated to be above $19, with the potential to earn thousands of dollars annually in bonuses. The new pay plan for frontline associates goes into effect Saturday, Nov. 2, 2024.
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