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Walmart Wealth: Managers’ Six-Figure Salaries Set to Soar Beyond $100K

via CBS
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Walmart is raising its U.S. store managers’ average hourly wage to over $18, with the average salary increasing from $117,000 to $128,000 starting in February.

Managers can also receive an annual bonus of up to 200% of their base salary based on certain targets and profit metrics.

The company has been investing in its store workers to retain more employees and recently made adjustments to its compensation and workforce requirements.

“The number one driver of job satisfaction is an associate’s manager, and we believe that you – our front-line leaders — are the best in retail,” Executive Vice President of Store Operations Cedric Clark said.

“Not only are you responsible for exceeding customer expectations day in and day out; each of you is the CEO of a multimillion-dollar business. And you’re the driving force behind the development of our next generation of leaders.”

Additionally, Walmart’s minimum wage is $14 an hour, with starting pay potentially reaching $19 an hour depending on the store location.

“As Walmart has continued to grow and evolve over the years, so have the jobs needed to support our business,” a Walmart spokesperson stated. “We’re in the process of updating our approach to campus office jobs to ensure we remain competitive in today’s environment, better reflect the work being done today, while streamlining job titles across our campus office roles.”

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