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Walmart raises pay for thousands of opticians after pharmacists get wage bump

Walmart is upping its investment in thousands of its opticians and pharmacists at stores nationwide. Pharmacists got pay boosts in April and opticians will get raises in June.

Walmart – the nation's largest retailer – announced Wednesday that it's raising wages for 4,000 opticians nationwide.

The move will push their average wage to over $22.50 an hour, according to the company. Those pay raises will take effect on June 3.

The company is also helping opticians receive certification and licensure training from the American Board of Opticianry and National Contact Lens Examiners through the company's Optician Development Program.

Walmart will cover the cost of the training and offer reimbursement for any fees that are associated with the training. Walmart touted that this program will help push opticians get "higher-paying roles and more career opportunities," according to Walmart. 

Meanwhile, in April, the Arkansas-based company raised pay for 3,700 pharmacists, bringing their average salary to more than $140,000, Kevin Host, senior vice president of pharmacy at Walmart Health and Wellness, and David Reitnauer, vice president of optical at Walmart Health and Wellness, said in a joint statement. 

The average salary doesn't include any incentives or bonuses, according to Walmart. 

CVS, WALMART CUT PHARMACY HOURS AS PHARMACIST SHORTAGE PERSISTS

The latest investments also build on the raises the company implemented for 36,000 pharmacy technicians last year.

HOW IS PHARMACIST BURNOUT BEING ADDRESSED?

Walmart said it's been "continuously raising wages and creating new pathways across the company" throughout the last few years. It also cut down on pharmacy hours earlier this year. 

In March, Walmart started closing pharmacies two hours early at most of its stores as pharmacist shortages persisted throughout the industry. 

The company told FOX Business the change better serves its customers and offers "a better work-life balance for our associates." 

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Earlier this year, CVS also cut or shifted pharmacy hours at two-thirds of its locations nationwide, according to The Wall Street Journal.

In an earnings call in January, Walgreens – which also had to temporarily cut hours – said it was "focusing investments to return stores to normal pharmacy operating hours" and that staffing has been positive nearly every week since mid-July 2022.

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