Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants

by February 1, 2024
February 1, 2024
Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants

High-performing Walmart managers now have the ability to earn more than $400,000 a year after the retail giant announced it is offering the ability for some managers to earn $20,000 worth of stock grants starting in April.

In a video posted Monday on LinkedIn, Walmart U.S. President and CEO Brian Furner said the amount of the stock grant rewards would be based on the store formats where the managers are employed. Walmart Supercenter managers are eligible to receive the $20,000 limit.

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.

“A Walmart store manager is running a multimillion-dollar business and managing hundreds of people, and it’s a far more complex job today than when I managed a store,” Furner said. “And we ask our managers to own their roles and act like owners. And now, they’ll literally be owners.’

A Walmart spokesperson has told NBC News there are about 4,600 Walmart stores, including more than 3,500 Supercenters.

The company has estimated that 75% of Walmart managers started out as hourly workers, suggesting many never graduated from college.

However, Walmart has more recently begun to look to college grads to help fill a reported slowing pipeline of managerial talent: In 2022, it launched a program for recent college graduates and current college students who are within 12 months of graduating. The program, for which Walmart associates are also eligible, allows the employees to ‘learn the ins and outs of Walmart’ and train to be salaried members of management at local stores.

Walmart also announced this month that the average hourly pay for U.S. workers was set to rise to $18 an hour.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Gold is Making Waves within a Long-Term Uptrend
next post
Millions of college students in limbo after aid application information is delayed until March

Related Posts

IHOP rolls out biscuits menu nationwide for the...

August 29, 2023

Most Americans falsely think the U.S. is in...

May 24, 2024

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

As Trump eyes more tariffs, South Korea remains...

February 15, 2025

Walmart is getting a bump from a surprising...

February 21, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Vanguard fined more than $100 million by SEC...

January 18, 2025

Southwest Airlines is now limiting a service that...

August 25, 2023

Rules for repaying Social Security benefits are about...

March 11, 2025

Autoworkers strike expands again with walkout at GM...

October 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • How I Triple My Returns With 3x Leveraged ETFs!

    • How to Find Compelling Charts in Every Sector

    • EVs Now Emit 73 percent Less Than Gasoline Cars Over Their Lifetime, Says ICCT Study

    • Cygnus Metals Limited: Issue of Performance Rights

    • FPX Nickel Announces Share-Based Compensation Grant

    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

    Categories

    • Business (1,287)
    • Investing (2,662)
    • Politics (3,699)
    • Stocks (1,711)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved