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Some Walmart managers get pay bump, pushing compensation over $600K
WMTWalmart(WMT) Fox Business·2025-01-24 18:01

Core Points - Walmart is increasing compensation for its market managers, raising the salary range from 130,000130,000–260,000 to 160,000160,000–260,000, with most of the 440 market managers already within this range [1][3] - The annual stock grant for market managers will increase from 75,000to75,000 to 100,000, and the bonus potential will rise from 90% to 100% of their salary, bringing total compensation to around 620,000[2][3]Thesechangeswilltakeeffectatthestartoffiscalyear2026,withthenewbonuspotentialreflectedinMarch2025payoutsandthestockgrantissuedinApril2025[3]Thisadjustmentispartofabroaderinvestmentstrategyinemployeecompensationthatbeganin2015,coincidingwithstrongretailsalesgrowthandatightlabormarket[4]Additionally,U.S.storemanagerswillseetheiraveragesalaryincreasefrom620,000 [2][3] - These changes will take effect at the start of fiscal year 2026, with the new bonus potential reflected in March 2025 payouts and the stock grant issued in April 2025 [3] - This adjustment is part of a broader investment strategy in employee compensation that began in 2015, coinciding with strong retail sales growth and a tight labor market [4] - Additionally, U.S. store managers will see their average salary increase from 117,000 to 128,000startingFebruary1,withpotentialbonusesreachingupto200128,000 starting February 1, with potential bonuses reaching up to 200% of base salary based on performance [6] - Walmart's minimum wage is set at 14 per hour, with starting pay potentially reaching $19 per hour depending on location [9]