The largest retailer in the U.S. is increasing its starting wage and adding bonuses for hourly employees following the GOP tax bill.
About one year ago, Walmart raised its starting wage to $10, but it now will be $11. The change will take effect in February.
A one-time bonus is also being offered to employees, that ranging from $200 to $1,000 depending on how long an employee has been with the company.
"As an associate who’s been with the company more than 25 years, I understand the value of experience and we all appreciate those of you that have helped build this company over the years," President and CEO of Walmart Doug McMillon said in a statement on Thursday.
The lower 21 percent business tax rate (previously 35) has allowed numerous companies to do the same. Some of those include AT&T, Comcast and Boeing.
Walmart also announced maternity leave for full-time hourly associates is being expanded to 10 weeks and six weeks of paid parental leave. That also applies to parents who adopt, and $5,000 will be contributed to the cost of adoption.