If you’re looking to earn over $100K a year and see America, why wouldn’t you consider this? Walmart is promising to hire truckers for six-figure salaries. Sarah Nassauer reports for The Wall Street Journal:
Walmart Inc. is raising starting pay for in-house truck drivers to as much as $110,000 a year and expanding a program that trains its existing workers to become drivers.
The company, in a bid to keep its supply chain running smoothly, is setting starting salaries for its truck drivers between $95,000 and $110,000 a year, up from an average starting salary of $87,000, said a Walmart spokeswoman. The internal training program will offer workers in other Walmart roles a 12-week course to become certified truck drivers and join the company’s internal fleet, the company said.
The push comes as the trucking industry continues to grapple with challenges in recruiting drivers even as wages for truck drivers have risen steadily throughout the Covid-19 pandemic, though some data shows freight demand may be cooling. Last month, the trucking industry lost 4,900 jobs, the first monthly decline in nearly two years, federal labor statistics show. The decline was in contrast with job gains in the service industry, including the travel sector, and other parts of the logistics industry such as warehousing.
Walmart and other large retailers have grown significantly by revenue during the pandemic as demand for items including household goods and building materials soared, creating the need for more supply-chain workers. At the same time, the higher levels of demand, production bottlenecks and port delays have resulted in supply-chain snarls. And so far, large retailers have been able to push up wages for hourly workers and other roles without denting their profits.
“We want to make sure we continue to attract drivers, but also retain” existing drivers, said Karisa Sprague, a senior vice president in Walmart’s human resources department. Walmart hired 7,000 drivers for its internal fleet during the past two years, last year hiring 4,500, the most in company history, said a spokeswoman. It employs around 12,000 truck drivers total.
Action Line: America is a beautiful place, and there’s nothing wrong with getting paid well to travel across it. It’s a great option for high school graduates or college students who want to pay down debt before investing after graduation. In twelve short weeks, young people could be earning more than enough to pay their debts and save. It’s a great plan, and remember if you fail to plan, you plan to fail.
E.J. Smith - Your Survival Guy
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