Walmart, the largest private employer in the United States,

has announced plans to raise wages for its store workers for the second time this year.

The move comes at a time when the company is facing increasing competition for workers in a tight labor market.

The pay increase, which will take effect in March,

will affect approximately 425,000 employees and increase the starting pay rate for Walmart employees to $13 an hour.

The company also plans to offer additional benefits to its employees, such as paid leave and adoption assistance.

In addition to raising wages and offering additional benefits,

Walmart has also announced plans to invest in training and development programs for its employees.

This includes creating a new training program for entry-level managers, as well as expanding its apprenticeship program for advanced manufacturing roles.

The company also plans to add more full-time positions and convert some part-time positions to full-time positions.