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From Wikipedia, the free encyclopedia.

Wal-Mart benefits
According to Wal-Mart proponents, these benefits are offered to some employees:

  • * Health for 3 in 10 employees (80/20 co-pay cost varies by plan and health; Wal-Mart pays average of two-thirds of insurance cost.[3])
  • * Dental (80/20 co-pay; $1000 per year cap)
  • * Stock Options (payroll deduction option, 15% match)
  • * 401k (50% of profit sharing contribution by company, up to 4% of employees' pay)
  • * Life Insurance (up to $200,000)
  • * Company Paid Life Insurance (1 year's pay,up to $50,000)
  • * Accidental Death and Dismemberment (100% employee-paid)
  • * Short Term Disability (100% employee-paid)
  • * Long Term Disability
  • * Prescription Drug Benefit (Begins after one year of enrollment in company health insurance plan)
  • * 10% Discount (General merchandise only, does not apply to grocery items)
  • * Stake Holders Bonus (Two parts, one bonus is based on sales where employees receive $200 for each 2% increase, the other part allows one customer accident per $3.5 million in sales, and pays a $500 bonus)
  • * Sick Pay (Beginning the second day of absence; accrues at approximately one hour per 80 worked)
  • * Vacation pay (An average of hours worked, begins on second year of employment)
  • * Personal time pay
  • * Bereavement Pay (immediate family members)
Employees are eligible for full benefits after six months of full-time employment, two years of peak-time (part-time or seasonal) employment, or 1000 hours worked. Most benefits, including limited health insurance, start at the first day of employment.
About 30% of its 1.6 million employees have some coverage under the insurance plan.[4]) In many states WAL-MART employees and their children are the number one users of state assistance or medical plans.

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