Home US The huge salary that Walmart’s top-performing store managers can now earn

The huge salary that Walmart’s top-performing store managers can now earn

0 comments
Top-performing Walmart regional managers could earn between $420,000 and $620,000 by 2025

Regional Walmart store managers have the potential to make a lot of money after recent raises.

The top-performing regional managers will have the opportunity to receive a high annual salary following the company’s decision to increase bonus and stock awards.

Once all the changes at Walmart are a success, regional managers could earn between $420,000 and $620,000 if they receive the full bonus this year.

The new salaries represent a big price increase compared to salaries of $320,000 to $570,000 for regional managers in 2023.

The retailer will also increase its minimum base salary to $160,000 – $32,000 more than two years ago.

The maximum base salary a regional manager can earn this year is $260,000.

The new salary and base pay aren’t the only life-changing policies Walmart has implemented across its operations.

Top-performing Walmart regional managers could earn between $420,000 and $620,000 by 2025

The previous annual salary for regional managers was between $320,000 and $570,000

The previous annual salary for regional managers was between $320,000 and $570,000

Walmart announced in January 2024 its decision to increase the base salary of its regional managers from $117,000 to $128,000 per year.

Stock grants for regional managers (also known as market managers) will also increase from $75,000 per year to $100,000 from 2023, and potential bonuses will be 100 percent of base salary from 90 percent from 2023.

Former Walmart executive Greg Harden “almost fainted” when he found out the changes could see him make up to $530,000 by 2024.

At the time, the raise was the first change Walmart made to save executive compensation structures in more than a decade.

“If you meet all targets, your bonus could be up to 200% of your base salary,” Cedric Clark, Walmart’s executive vice president of store operations, told Bloomberg in 2024.

Store managers could also receive up to $20,000 in stock grants, giving employees a share of the company’s stock.

The changes came into effect on February 1, 2024, and since then the company reports that managers’ engagement score – which indicates their attitude towards work – has improved.

The company later announced the addition of new investments in its Associate to Technician pipeline program, Live Better U, bonuses for hourly store associates, and enhanced wages and benefits within the Me@Walmart app in June 2024.

The company started offering all four investments last year.

Walmart manager Greg Harden has worked at the store for more than a decade and may have earned $530,000 by 2024

Walmart manager Greg Harden has worked at the store for more than a decade and may have earned $530,000 by 2024

One upcoming change concerns corporate employee health care plans.

Walmart informed its corporate employees that health care coverage could deteriorate, the newspaper said Wall Street Journal.

The new health care options will include higher deductibles, and one plan would even require an annual benefit of $13,700 for employees and their families.

This change would affect less than 1 percent of corporate workers and will take effect in 2026.

A Walmart spokesperson explained that the change was driven by acquisitions, but would make medical plans more fair for employees.

Walmart will change its employees' health coverage plans in 2026, and one plan will require an annual fee of $13,700

Walmart will change its employees’ health coverage plans in 2026, and one plan will require an annual fee of $13,700

Before these changes, Walmart was in trouble after it started cutting pay for employees in offices outside its Arkansas-based headquarters.

The reduction in wages was due to plans to change salary scales and job titles within the company.

The company also ended the option for employees to work remotely and asked several employees to move to other offices in major cities.

Employees who were not interested in the move left the company entirely.

You may also like