Walmart Announces Annual Stock Grants for Store Managers

Move Follows Recent Wage Increases and Bonus Programs, with Supercenter Managers Potentially Earning up to $530,000 Annually

Walmart has announced that it will be providing annual stock grants to its store managers, with the amount varying based on the size of the store. Supercenter managers will receive $20,000 in stock every year.
The move follows recent wage increases and bonus programs announced by Walmart. The base pay for store managers has been increased from $117,000 to $128,000 a year.
Along with the salary increases, the company has also increased the hourly wage for its non-salary workers to over $18.
Store managers can now earn up to 200% of their base salary in bonuses if targets are met. This means a Supercenter manager with a top-end base salary of $170,000 could potentially earn a total of $530,000 after receiving the maximum bonus and stock grant.
About 75% of Walmart's store managers started as hourly employees, and the company does not require a college degree for job consideration.