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The company increased salaries for its store manager position, with the average starting at $128,000 a year. Walmart also changed the managers’ bonus program so store profits will play a bigger ...
This week, retail giant Walmart announced that about 440 managers are set to earn a pay raise that will bump some employees’ salaries well into the high-six-figure range—even up to $620,000.
Tovi has been a store manager for 16 years now, marking his 25th anniversary at Walmart just this year. Now, Tovi makes six figures. He says his base salary is now $168,000, up from $143,000 in 2023.
Previously, the pay range for store managers was between $65,000 and $170,000, it said. It will now change to be between $90,000 and $170,000, based on the store format that the manager runs.
The next year, as McMillon studied for a Master of Business Administration (MBA) from University of Tulsa, he called Walmart and told an executive he was interested in training to become a buyer when he completed his studies. [5] Soon thereafter, McMillon rejoined Walmart as an assistant manager at a Tulsa, Oklahoma, store. [5]
A retail manager (or store manager) is the person ultimately responsible for the day-to-day operations (or management) of a retail store. All employees working in the store report to the retail/store manager.
In the largest increase in decades, fast food workers have seen a 10% increase in pay since 2020. [ 44 ] There has been a study over employee wages at the fast food companies, the study suggests the fast food industry needs to increase an hourly payment from "7.25 to 10.25" for the beginners of the job.
Combined with a previously announced new average salary of $128,000 and the ability to earn up to 200% of that salary in bonuses, a Walmart manager could earn as much as $404,000 a year.