Omnichannel
Sam’s Club launches pay increase plan for frontline associates
September 26, 2024
Sam's Club has instituted a new workforce compensation strategy that expands pay increases based on year of service and provides more predictable financial futures for its hourly associates.
The new plan also creates opportunities for associates to build better careers at the wholesaler, according to a press release.
Under the plan, associate hourly wages will increase to between 3% and 6% based on years of service, and the average hourly rate for Sam's Club associates is anticipated to be above $19. In the last five years, Sam's Club's average hourly wage has increased nearly 30%, according to the release.
"At Sam's Club, we believe delivering an unparalleled experience for our members starts with investing in our frontline associates," Chris Nicholas, president and CEO of Sam's Club, stated in a LinkedIn post.
"Until now, retail compensation has largely been about hourly wages, and it's almost unheard of to talk about frontline associate compensation in terms of a predictable financial future — that changes for Sam's Club starting today. As associates invest their time, skills and knowledge in us, we've been investing in them and their families, creating a place of hope and opportunity through a multi-year journey that has the potential to transform lives. Our new approach is one step in a series of investments we've made in our people over the last several years, all designed to provide more meaningful jobs and build successful teams."
