profit sharing

Walmart to Stop Paying Employees Extra for Sundays

As part of its efforts to reduce its labor costs, Walmart plans to stop paying its staff an extra $1 an hour for working Sundays starting in 2011, according to Bloomberg. The move won't affect the retailer's 1.4 million current U.S. employees, only those hired after Jan. 1.

Wal-Mart to Cut Profit Sharing, Increase Potential Retirement Benefits

Wal-Mart Stores, the world's largest retailer, is ending its 39-year-old policy of automatic profit sharing for employees. It's replacing the bonuses with retirement benefits which could increase employees' total compensation, but employees are only eligible if they pay into their plans.