On May 31, 2023, Walmart announced it is raising wages for 7,700 U.S. pharmacists and opticians in a nationwide plan to expand healthcare services. The retailer said about 3,700 pharmacists would get a bump in pay, bringing their total average pay to more than $140,000 annually. Additionally, more than 4,000 opticians will receive pay raises, with their average hourly pay rising to more than $22.50. The company also said it plans to start a program in which associates who work in its Vision Center could receive certification and licensing to move into higher-paying positions.
Currently, Walmart employs 16,000 pharmacists and 12,000 opticians overall.
Competitive Pay in a Competitive Market.
According to the Bureau of Labor Statistics, the mean annual wage for a pharmacist in the United States is $129,410 (https://www.bls.gov/oes/current/oes291051.htm), and the mean hourly wage for opticians is $21.58 (https://www.bls.gov/oes/current/oes292081.htm).
The retail giant’s decision to increase wages for workers across its business is a way to compete for talent in a competitive market.
In 2022, the company also increased wages for 36,000 Pharmacy technicians. “As our Health & Wellness business continues to grow, we’re serious about being an employer of choice for talented individuals in these fields,” said Kevin Host, Senior Vice President of Walmart Health & Wellness, Pharmacy, in a press release.
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Holman, Jordan. “Walmart Raises Wages for Some Pharmacists and Opticians.” The New York Times. (May 31, 2023). Web.
“Walmart announces raise for pharmacists and opticians, new optician training program.” 5NewsOnline. (May 31, 2023). Web.
Diaz, Naomi. “Walmart Health to add 28 new clinics by 2024.” Becker’s Hospital Review. (March 2, 2023). Web.
Cavale, Siddharth. “Walmart is raising wages for pharmacists, opticians in healthcare push.” Reuters. (May 31, 2023). Web.
About the Author: George F. Indest III, J.D., M.P.A., LL.M., is Board Certified by The Florida Bar in Health Law. He is the President and Managing Partner of The Health Law Firm, which has a national practice. Its main office is in the Orlando, Florida, area. www.TheHealthLawFirm.com The Health Law Firm, 1101 Douglas Avenue, Suite 1000, Altamonte Springs, FL 32714, Phone: (407) 331-6620 or Toll-Free: (888) 331-6620.
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