By Samantha Brooks
HONOLULU (HawaiiNewsNow) -- Big-box retailer Walmart announced Monday that more than 3,900 associates in Hawaii will soon be receiving one-time bonuses of up to $1,000.
The amount of each bonus depends on the associate's length of service; those with at least 20 years of service qualify for the $1,000 bonus.
The bonuses come in the wake of a federal tax overhaul, which significantly cut the corporate tax rate.
Walmart is among a number of local and national companies that have announced employee bonuses. Other Hawaii companies that have given back to their employees: Bank of Hawaii and First Hawaiian Bank.
Some Hawaii companies have also increased their minimum wage to $15 in response to the tax overhaul.
"We are building on investments we've been making in associates, in their wages and skills development," said Doug McMillon, Walmart president and CEO. "It's our people who make the difference and we appreciate how they work hard to make every day easier for busy families."
Along with cash bonuses, the company has announced an expansion to its maternity and parental leave policies.
The new policies provide full-time hourly employees with 10 weeks of paid maternity leave and six weeks of paid parental leave.
Salaried workers will also receive six weeks of paid parental leave.
The retailer also announced it would offer financial help to those looking to adopt a child.
The $5,000 adoption benefit, which will be available to both full-time hourly and salaried associates, can be used for adoption agency fees, translation fees, legal or court costs or other expenses.