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Walmart giving weekly bonuses to warehouse workers

Walmart Inc. is providing a new incentive to keep workers on the job at its warehouses and fulfillment centers amid a tight labor market and as it ramps up for the holiday season. 

The nation’s largest private employer is giving weekly bonuses to workers at its U.S warehouses, with the bonus amount dependent on location and job type. The news was first reported by The Wall Street Journal.  

Retailers are preparing for what is expected to be a robust holiday season, one that is expected to kick off early this year, according to some experts. 

[Read More: Study: Consumers will shop early this holiday season]

The bonus will add up to $200 for some full-time workers, and could be more if they work overtime, reported CNBC. The extra pay began this month and will continue through the fiscal year at the majority of distribution and fulfillment centers.

The Walmart bonus is the latest in a series of added employee perks that retailers have rolled out in recent weeks. Target recently announced a $200 bonus for all of its approximately 340,000 hourly workers. The discounter is also offering its full-and part-time workers debt-free college education, complete with free textbooks. It will also help cover graduate school costs.

And CVS Health recently announced it is hiking its minimum wage.

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