If you are tired of living paycheck-to-paycheck and considering a career as a Walmart employee, you may be wondering if they pay every week.
With the uncertainty in the world and the constant increase in the cost of living, it can be difficult to save money. Knowing when you are getting paid is essential to managing your money responsibly.
Does Walmart Pay Weekly In 2022?
Unfortunately, Walmart does not pay weekly as of 2022. Instead, Walmart pays all its staff on a biweekly basis (generally on a Thursday). As Walmart has 2 million employees, Walmart likes to pay biweekly instead of weekly to ensure staff wages are paid correctly.
If you are considering the possibility of becoming a Walmart employee and wish to learn more about their payment policy, please continue reading. This information may be beneficial to your decision-making process.
How Walmart Employees are Paid
All Walmart employees are paid by the hour and receive their paycheck every two weeks. The hourly rate you will receive varies and can depend greatly upon:
- The geographic location where you live
- The position that you are applying to fill
- The shift that you work (night shift typically makes an extra fifty cents per hour)
- Your level of experience
The First Paycheck – What to Expect
If you begin working at Walmart during the middle of a pay period, you may have to wait until the subsequent pay period to receive your paycheck. That is largely due to the fact that it:
- Takes time to get new employees set up in the payroll system,
- Takes extra time to prorate employee pay for the partial pay-period
- Takes time to process everyone’s hours and be sure the correct amounts are being paid.
If you begin during a week where they are processing everyone’s hours and wages, you may get lucky and receive a partial check.
However, it is important that you understand that you don’t get paid for your current work unless state law dictates differently. Instead, you get paid for the work you did two weeks prior.
It is important to know when your pay period ends and begins so you can keep better track of your hours and be sure you are being compensated properly.
Getting Paid Sooner with the Even App
Beginning in 2021, Walmart started offering its employees a faster way to get paid before their actual payday.
Employees can download an app called Even™, which allows them to manage when and how they receive their paycheck.
The Even app is a financial planning app meant to help people manage their money more responsibly and to save for future plans and investments. It’s kind of like having a financial advisor in your pocket.
With the Even app, you can receive a certain percentage of your pay before the day you normally get paid.
So, if you have an unexpected expense arises, the Even app gives you the ability to handle it promptly without worrying about when your next check will be coming.
Another Way to Make Some Extra Cash at Walmart
Walmart has recently introduced a cool option for getting some cash back at the end of the plan year for those who have unused paid time off.
If you accumulate paid time off and have not used it, anything under 10 days will automatically roll over to the next year, and you can use it in that following year if you need time off for any reason.
If you have more than 10 days of paid time off saved up, 10 days will roll over to the next year, and whatever is left will be turned into cash and given to you in a check or direct deposit.
Not a Bad Way to Get Paid
Although many people prefer to receive their hard-earned money every week, getting paid bi-weekly can teach you financial responsibility.
With the help of the Even app, you can easily set yourself up for the future and worry less about how your bills will get paid.
Having fewer financial worries can give you the time to focus on the important things in life like your family, friends, and hobbies.