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Some Walmart managers They increase their wages and bring all compensation, including financial aid and stock awards, to more than $ 600,000.
The country's largest private employer is increasing the wage range of its market managers, which monitor store managers in dozens of locations, from $ 130,000 to $ 260,000 to $ 160,000 to $ 260,000. However, Walmart said the majority of the 440 market managers across the United States are currently in the new wage range.
The company also increases its annual financial aid from $ 75,000 to $ 100,000 and increases its reward potential by 100 %. This is 90 %.
Overall, this amount is about $ 620000.
Walmart is changing titles, payment structure for company employees
“Walmart increases basic wages, rewards and annual stocks for our market managers,” Walmart said in a statement.
An employee collects shopping baskets in Walmart on July 22, 2020 in Barbank, California. (Robin Beck / AFP via Getty Image) / Getty Image)
These changes will be made at the beginning of fiscal year 2026, meaning that 100 % of the reward potential will be reflected in March 2025. According to Walmart, employees will also receive $ 100,000 shares in April 2025.
This is the latest investment in a series of investments that the company made in its hourly and legal roles that began in 2015. Also after the significant increase of wages and A strong retail growth In December, when US employers hired more workers in a job market in general.
| Ticker | Security | The last | Change | % |
|---|---|---|---|---|
| WMT | Walmart Inc. | 93.81 | +0.58 |
+0.62 % |
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Earlier this week, the company announced that US store managers will receive a salaries in February.
This is the latest in a series of investments that the company made in its hourly and legal roles that began in 2015. (Patrick T. Falun / Bloomberg via Getty Image / Getty Image)
The retail giant said the average salaries of store managers will increase $ 117,000 to $ 128,000 since February 1. In addition, if managers meet specific interest goals and criteria, annual rewards can be up to 200 % of basic salaries.
The company also launched a new bonus program For the store's hourly colleagues
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From February 1st, the current average store salaries will increase $ 117,000 to $ 128,000. (Michael Siaglu/Gett Image/Getty Image)
Valmart's minimum wage It is $ 14 per hour across the company, although the start payment can be up to $ 19 per hour depending on the store location.
Fox Business Chris Pandolfo contributed to this report.