NEW YORK (AP) — Walmart Inc. is raising the starting base pay for store managers, while redesigning its bonus plan that will put more of an emphasis on profits for these leaders.
Roughly 75% of its store management started out as hourly workers, Walmart said.
Walmart said that the store managers' new starting annual base wage ranges will be from $90,000 to $170,000.
Walmart announced in January 2023 that U.S. workers would get pay raises the following month, increasing starting wages to between $14 and $19 an hour.
Starting wages had previously ranged between $12 and $18 an hour, depending on location.
Persons:
Cedric Clark, Clark, “ They're, ”, “ We’re
Organizations:
— Walmart Inc, Walmart, Walmart's U.S, Auto Care Centers
Locations:
Bentonville , Arkansas, U.S