At Walmart, the world’s largest retailer, part-time employees are not left out when it comes to receiving benefits. The company offers a wide range of benefits to part-time employees, from health insurance to educational opportunities. In this comprehensive guide, we will delve into the various benefits that part-time Walmart employees can enjoy.
Part-time Walmart employees receive a range of benefits including health insurance coverage, retirement benefits through a 401(k) plan, educational benefits through the Live Better U program, paid time off, an Associate Stock Purchase Plan, and unique benefits such as store discounts and financial planning resources. These benefits make Walmart a competitive choice for those seeking part-time employment.
Health Insurance Coverage
Part-time employees at Walmart are eligible for health insurance if they work an average of at least 30 hours per week over a 60-day measurement period. For part-time hourly pharmacists, nurse practitioners, and field Supply Chain associates, they must work an average of at least 24 hours per week in the same measurement period to be eligible [^1^]. Walmart offers various health insurance plans, including medical, vision, and dental insurance plans. They also provide critical illness insurance, accident insurance, optional associate life insurance, and optional dependent life insurance.
Retirement Benefits
Walmart offers retirement benefits to its part-time employees. The company provides a 401(k) plan, allowing part-time employees to contribute from their start date. After one year of service, Walmart matches contributions up to 6% of pay[^2^].
Educational Benefits
Walmart provides educational benefits to part-time employees through its Live Better U (LBU) education program. This program covers 100% of college tuition and books for associates, offering opportunities to earn a high school diploma, trade or professional certification, associate’s degree, or bachelor’s degree[^3^].
Paid Time Off
Walmart offers paid time off (PTO) for part-time employees, which includes regular PTO and Protected PTO. The amount of PTO earned depends on the employee’s years of service and the number of service hours logged[^4^].
Stock Purchase Plans
Walmart offers an Associate Stock Purchase Plan (ASPP) to its part-time employees. The ASPP provides a 15% match on all stock purchases made through payroll deductions up to $1,800 each year[^5^].
Unique Benefits
Walmart offers several unique benefits to part-time employees, such as store discounts and the Live Better U program. The company also provides resources for living, which include financial planning and counseling services[^6^].
Comparison to Other Retail Corporations
The benefits offered to part-time Walmart employees are competitive compared to other similar retail corporations. In comparison to Target, Walmart’s median worker earns an annual pay of $25,335, which is comparable to Target’s median pay of $25,501[^7^].
In conclusion, Walmart provides a robust package of benefits for its part-time employees, making it a competitive choice for those seeking part-time employment.
Frequently Asked Questions
How do I enroll in the health insurance plan as a part-time employee at Walmart?
To enroll in the health insurance plan, you need to visit the Walmart Benefits website and follow the instructions there. You can also call the Walmart Benefits hotline for assistance with enrollment[^1^].
Can I participate in the 401(k) plan if I’m a new part-time employee at Walmart?
Yes, part-time employees at Walmart are eligible to contribute to the 401(k) plan from their start date[^2^].
How does the Live Better U (LBU) education program work?
The Live Better U (LBU) program is a partnership between Walmart and selected universities and learning platforms. As an associate, you can earn a high school diploma, trade or professional certification, associate’s degree, or bachelor’s degree. Walmart covers 100% of tuition costs and books[^3^].
How is the amount of Paid Time Off (PTO) determined for part-time employees?
The amount of PTO for part-time employees at Walmart depends on the number of service hours logged and years of service[^4^].
How do I participate in the Associate Stock Purchase Plan (ASPP)?
You can participate in the ASPP by setting up payroll deductions through the Associate Stock Purchase Plan portal on the Walmart Benefits website^5^.
