The retail giant Walmart has introduced the opportunity for high-performing managers to earn over $400,000 a year through stock grants. Starting in April, managers at Walmart Supercenters can receive up to $20,000 worth of stock grants, in addition to a newly announced average salary of $128,000 and the potential for bonuses that could amount to 200% of their salary. This means that a Walmart manager could potentially earn a total of $404,000 in a year.
Walmart U.S. President and CEO Brian Furner emphasized the significant responsibilities that Walmart store managers have, stating that they are essentially running multimillion-dollar businesses and managing hundreds of employees. Furner also highlighted the company’s emphasis on empowering managers to take ownership of their roles. It is worth noting that approximately 75% of Walmart managers started as hourly workers at the company, indicating that a college degree is not necessarily a requirement for reaching a managerial position at Walmart.
However, Walmart has also been actively seeking college graduates to join its managerial ranks. The company recently launched a program targeted at recent college graduates and current college students within 12 months of graduating, which aims to prepare participants for salaried management roles at local stores. Moreover, Walmart has announced an increase in the average hourly pay for U.S. workers to $18, reflecting the company’s efforts to attract and retain talent.
