No matter that it's not payday yet—Walmart workers are to be given access to pay for the hours they've worked through an app.

HRDive reports that Walmart says it's to help ease workers' financial struggles, discourage their use of costly payday loans and other debt-relief options—and keep them focused and productive on the job.

However, labor groups are saying that advance access to pay is no substitute for adequate pay and that Walmart should give workers a raise instead. The New York Times points out that while the starting wage at Walmart is $9 per hour, $1.75 above the federal rate, the retail giant is behind both Costco's rate of $13 per hour and even Target's $11 per hour.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.