Sam's Club workers with longer tenures to get larger increases in changes slated to take effect in early November.

The average hourly wage at Walmart-owned Sam's Club has increased by nearly 30% in the past five years and is expected to top $19 with the new plan.

Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco.

Sam's Club is increasing wages for its frontline workers in an effort to retain staff. This announcement comes ahead of the busy holiday shopping season.

Walmart-owned Sam's Club said on Tuesday it would raise average hourly wages for nearly 100,000 of its workers, as part of a new employee compensation plan that will come into effect ahead of the holiday season rush.

This will lift Sam's Club's average hourly employee pay to above $19 from the current $15 on top of their potential to earn thousands of dollars in bonuses annually, the retailer said. Sam's Club said the new pay plan gives employees a predictable roadmap of pay increase milestones and a "longer-term perspective" on how they're balancing their personal financial goals.