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Walmart stock photo (Courtesy: Walmart)

Walmart announced Thursday that its workers in South Carolina will receive a combined $10.5 million in cash bonuses starting this week.

Overall, the company is issuing $560 million nationwide in fourth-quarter performance-based bonuses and tenure-based one-time cash bonuses to more than 890,000 workers.

Walmart said the bonuses, along with an annual pay raise for hourly associates, will be included in their March 8 paychecks

Walmart also announced earlier this year plans to increase the starting wage for all hourly associates to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000.

The company said associates earn quarterly bonuses as part of an incentive plan to reward associates in stores that achieve sales and customer service goals.

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