Walmart Raises Store Managers' Base Pay, Redesigns Bonus Program

Changes Aim to Retain Qualified Managers and Attract New Employees in Competitive Labor Market

Walmart is raising the starting base pay for store managers from a range of $65,000-$170,000 to a range of $90,000-$170,000, increasing the average base pay from $117,000 to $128,000.
The company is also redesigning its store manager bonus program to emphasize store profits over sales, potentially doubling a manager's base salary if all targets are met.
Approximately 75% of Walmart's store management started as hourly workers, highlighting a path of upward mobility within the company.
Average wages for hourly workers are also set to increase from $17.50 to $18.
Walmart, the nation's largest private employer, is making these changes in a bid to retain qualified managers and attract new employees in a competitive labor market.