Walmart is boosting the average store manager’s salary to $128,000
Published 2:56 pm Thursday, January 18, 2024
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Walmart Inc. said the average store manager’s salary will rise to $128,000 from $117,000, as the world’s largest retailer looks to attract and retain workers in a tight labor environment.
In addition to the 9% raise, the company said it’s “redesigning” its bonus program for managers. Store profits will play a bigger role in calculating annual bonuses, Walmart said on its website. Bonus could now be up to 200% of managers’ base pay if all targets are met, according to the post by Cedric Clark, Walmart’s executive vice president for U.S. store operations.
Walmart hasn’t made any change in pay for store managers in more than a decade, a company spokeswoman said. Previously, store sales were a major factor in determining bonuses, and managers could receive up to 150% of their base salary in bonuses.