REUTERS/Kamil Krzaczynski/File Photo(Reuters) -Walmart on Saturday said that it will streamline job titles across its corporate staff, to ensure that it remains competitive.
While some staff will receive a new job title, their roles, responsibilities, type of work and base pay will not change, the retailer said.
Corporate employees at Walmart and Sam’s Club, its warehouse chain, will be reclassified into fewer groups of possible titles and in some cases, pay changes will go into effect, starting in November.
About 4% of the staff will see a decrease in stock-option awards to ensure compensation is aligned across geographies, Walmart said.
Staff who will see a reduction in stock options will receive a stock grant to account for the change.
Persons:
Kamil Krzaczynski, “, ”, Kim Lupo
Organizations:
REUTERS, Walmart, Corporate, Sam’s, Staff, Street
Locations:
Chicago , Illinois, U.S