Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year.
Walmart said Thursday it is boosting the average pay of its store managers from $117,000, or by just over 9%, the retailer announced Thursday.
The company told CNN that it hasn’t made any changes to store managers’ pay structures in more than a decade, before a pandemic and all that followed subsequently, including a period of high inflation.
Previously, the pay range for store managers was between $65,000 and $170,000, it said.
The retailer noted that as many as 75% of its managers began their Walmart careers as hourly workers.
Persons:
New York CNN —, hasn’t, ” Cedric Clark, ” Clark, “, CNN’s Nathaniel Meyersohn
Organizations:
New, New York CNN, Walmart, CNN, Walmart U.S, Target
Locations:
New York, The Minneapolis, Bentonville , Arkansas, U.S, Washington