When you’re considering a job, one of the most important things to look at is the benefits. And if you’re thinking about Walmart, you may be wondering- does Walmart have good benefits?
Well, this blog post will look at Walmart’s benefits packages and discuss what kinds of benefits are available to employees and their families, so keep reading!
Does Walmart Have Good Benefits In 2023?
After 60 days of employment, Walmart offers benefits for all associates in 2023. These benefits focus on health & wellness, financial success, education, and more. Multiple HMO, PPO, and medical savings plans are available to full-time and part-time associates with low-cost prescription access. Although stock ownership is not an available benefit, Walmart does have a reward program linked to stock.
Whether you’re already working at Walmart or just considering applying, read on for details about the benefits available to Walmart associates and find out which are best!
How Long Do Employees Have to Work at Walmart to Get Benefits?
After 60 days of employment, all Walmart employees receive benefits, including health insurance.
Do Walmart Employees Get Stock Options?
Walmart does not offer stock options to its employees; however, Walmart awards associates with stock options based on excellent service through the Outstanding Performance Award.
Once presented to the associate, the award is decided on by a committee and managed by Computer share.
Do Part-Time and Seasonal Employees at Walmart Receive Benefits?
Walmart offers both seasonal and part-time employees the opportunity to enroll in health care coverage, as well as dental and vision plans.
Other benefits available to Walmart part-time and seasonal employees include life insurance, disability insurance, and a 401(k) retirement savings plan.
Part-time and seasonal employees at Walmart are eligible for prorated benefits based on the number of hours they work per week.
Which Walmart Employee Benefits Are the Best?
Walmart offers a 401(k) retirement savings plan to its employees. Under the 401(k) plan, Walmart matches employee contributions up to 6 percent of an employee’s salary.
Health and Wellness
Both full-time and part-time employees can enroll in multiple health care coverage plans that include vision, dental, and prescription coverage.
Walmart associates can receive discounts on Walmart merchandise through their employee assistance program.
In addition, Walmart also offers its employees discounts on travel, entertainment, and other items through its Perks at Work program.
Walmart offers career advancement opportunities to its employees.
Since the company promotes from within, training and development opportunities are provided to help employees grow in their careers.
Pay and Training
Walmart offers competitive pay and comprehensive training to its employees.
To assist new Walmart employees, on-the-job training, as well as online courses, are provided to help them learn about Walmart’s policies and procedures.
Walmart offers parental leave to its employees. For new mothers and fathers, Walmart offers up to six weeks of paid parental leave.
Moreover, Walmart also offers adoption assistance, including a $5,000 reimbursement for adoption-related expenses.
Likewise, Walmart offers its employees vacation time, sick time, and personal days. Full-time Walmart employees earn two weeks of vacation after one year of employment.
Walmart employees can also earn additional vacation time based on the length of service.
Since Walmart is an equal opportunity employer, it does not discriminate against applicants or employees based on any of the following:
- National origin
- Genetic information
Furthermore, Walmart also provides a safe and secure work environment for its employees.
Finally, Walmart and the Walmart Foundation are committed to supporting the communities where Walmart employees live and work.
Walmart and the Walmart Foundation provide grants to nonprofit organizations that support education, workforce development, economic opportunity, and community vitality.
Do Employees Get Free Walmart+ Memberships?
Walmart employees do not get free Walmart+ memberships. However, employees are eligible for a discount on Walmart+ memberships.
Walmart+ is a subscription service that offers free shipping on Walmart.com orders, as well as access to exclusive deals and discounts.
To get the employee discount, Walmart employees need to sign up for Walmart+ through the online Walmart Associate Discount Center.
What Is the Walmart Discount Center?
Walmart’s Associate Discount Center is an online portal where Walmart employees can access discounts on Walmart merchandise and services.
What Health Plans Are Available at Walmart?
With the contribution plans, Walmart sets aside money ($250/individual and $500/ family) for medical care each year.
Every time a medical service is needed, the plan automatically deducts from the available balance. Each year any unused funds from the prior year roll over into the employee’s account.
There are two Hawaii HMO medical plans specific to associates in Hawaii: HMSA and Kaiser Hawaii.
Health Maintenance Organization (HMO)
On the mainland, HMO plans work with local medical providers and provide fixed copays.
For access to non HMO providers, Walmart also provides local plans with affordable deductibles.
Every Walmart medical plan includes access to prescriptions with prices beginning at $4 through Walmart and Sam’s Club pharmacies.
With PPO plans, associates pay only $25 for a visit to their primary care physician and $25 for a specialist referral.
In addition, coverage is paid at 90% once the $300 (or $600 for family) deductible is met.
This plan also provides infertility treatment, transgender care, and chiropractic care not found in other major plans.
Of all Walmart’s medical plans, the premier plan costs the least for employees.
Furthermore, this plan also has low-cost medical office visits that start at $35 per visit. Additionally, 75% of medical coverage is paid after the deductible is met.
Walmart’s medical saver plan allows associates to set aside a portion of their paycheck to cover medical costs.
Furthermore, this money is not taxed, and Walmart will match up to $350 per individual or $700 per family of the amount saved.
To learn more, you can also read our posts on Walmart employee discount, Walmart tax-exempt program, and PTO policy Walmart.
Walmart continues its trend of being a great place to work by offering employees even more benefits. All employees are now eligible for health & wellness, financial success, education, and other benefits after 60 days of employment.