Walmart managers to earn at least $128,000 a year in new salary program, company announces (2024)

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Walmart managers to earn at least $128,000 a year in new salary program, company announces? ›

Base pay for Walmart store managers will increase from $117,000 to $128,000 a year, and depending on a store's profit, annual bonuses could reach up to 200% of a store manager's salary.

In smaller stores, a store manager can be granted up to $10,000 to $15,000 annually. Combined with the previously announced annual 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 $400.000 a year if running a large store.

The move follows Walmart's announcement in January of a bonus redesign for its U.S. store managers, allowing them to earn an annual bonus that's up to 200% of their salary.

Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants. The retail giant announced a new average annual salary of $128,000 this month.

WALMART shoppers have praised the retailer after it's revealed that a store manager is raking in hundreds of thousands a year. The success story of Nichole Hart has many Walmart customers excited for the company, as she receives great benefits and a $240,000 salary.

Walmart raised both the base salary range and bonus pay range for store managers in early 2024. Walmart store managers can now make anywhere from $90,000 to over half a million dollars annually in total compensation, including base salary and incentive awards.

Nichole Hart, manager of a Walmart store in Waco, Texas, has become a sensation after it was revealed in a report that she makes $240,000 a year from her job at Walmart. Hart has been working at Walmart for over 20 years. She is 40 years old and has two children, per reports.

It noted that a college degree isn't required to become a manager, and that 3 in 4 people in management roles at its stores, clubs or supply chain divisions started as hourly workers. On average, it requires about 5 years to move from an entry-level role to management, the company added.

Who is the top manager of Walmart? ›

Doug McMillon is a lifelong merchant. He began his Walmart career in 1984 as an hourly associate, picking orders and unloading trailers in a warehouse. He has since served in senior leadership roles across each business segment.

The Store Manager is the highest role at the store. He/she manages a multi-million dollar business and reports to the Market Manager. The annual salary range for a Walmart Store Manager is $95,000 to $170,000.

It can usually take as long as 10 years on average to progress from a salaried coach role to a store manager, Walmart said. Approximately 4.5 million Americans quit their jobs in March, according to the Bureau of Labor Statistics, the tenth consecutive month that quits have topped the four million figure.

It's no joke: Walmart is now paying its top managers up to $400,000, reports the Wall Street Journal. A Walmart store manager makes a base salary of $128,000, up from $117,000. You're thinking that salary is a long way from $400,000.

How much does a Walmart Employee make? As of Jun 12, 2024, the average hourly pay for a Walmart Employee in the United States is $24.84 an hour.

Starting in April, all US store managers will receive as much as $20,000 in Walmart stock every year, as the world's largest retailer seeks to attract and retain staff.