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Walmart Announces New Bonuses and Wages for Store Managers

On Monday, January 29, 2024, John Furner, President and CEO, Walmart U.S., announced an expansion of these investments to include an annual stock grant of up to $20,000. Making Walmart the best place to shop means we need to make it the best place to work. To accomplish that, we are on a journey of investing in our associates – from offering competitive front-line pay to benefits that support associates’ health and well-being in all aspects of life. “Today, we take the next step in this journey. We’re increasing our commitment to you with an investment in store manager wages and a redesigned bonus program. As you know, your pay is made up of two parts: base pay and annual bonus. We’re updating both. First, base pay. We’re simplifying and increasing store manager wages. With this investment and upcoming annual increases, the store manager average salary will go from $117,000 to $128,000 a year. Second, we’re redesigning our store manager bonus program. In addition to sales, your store’s profit will play a bigger role in calculating your annual bonus. If you hit all targets, your bonus could now be up to 200% of your base salary. The number one driver […]

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