Walmart to Boost Average Base Pay of Store Managers 9% to $128,000
19 January 2024 - 9:28AM
Dow Jones News
By Will Feuer
Walmart is boosting the average base salary of its store
managers by more than 9% to $128,000, and overhauling its bonus
program to place a heavier emphasis on store profit.
The retailer said the average salary of its store managers will
go from $117,000 to $128,000 a year. Walmart said managers who hit
all targets will now be able to earn up to 200% of their base
salary.
The company said the redesigned bonus program means a store's
profit and sales will play a bigger role when calculating annual
bonuses.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 18, 2024 17:13 ET (22:13 GMT)
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