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Some Walmart managers are getting a pay bump, pushing their total compensation, including grants and bonuses, to more than $600,000.
The nation’s largest private employer is increasing the salary range of its market managers, who supervise store managers at about a dozen locations, from $130,000 to $260,000 to $160,000 to $260,000. However, Walmart said the majority of the 440 market managers in the United States already fall within the new salary range.
The company is also increasing its annual stock grant from $75,000 to $100,000 and increasing its bonus potential to 100% of their salary. That’s up 90%.
All told, this adds up to about $620,000.
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“Walmart is increasing base pay, bonus opportunities and annual scholarships for our Marketplace Managers,” Walmart said in a statement, adding that the role is “key to our business and serving our customers the way they shop.”
An employee gathers shopping carts at Walmart on July 22, 2020 in Burbank, California. (Robyn Beck / AFP via Getty Images) / Getty Images)
The changes will take effect at the start of fiscal 2026, meaning the 100% bonus potential will be reflected in their payout in March 2025. Employees will also get the $100,000 stock grant in April 2025, according to Walmart.
This marks the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015. It also comes after a solid increase in salaries and strong growth in retail sales In December, as U.S. employers hired more workers in a generally tight labor market.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | Walmart Inc. | 93.81 | +0.58 | +0.62% |
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Earlier this week, the company announced that U.S. store managers would get a raise in February.
This marks the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015. (Patrick T. Fallon/Bloomberg via Getty Images/Getty Images)
Starting Feb. 1, the current average store manager salary of $117,000 will be increased to $128,000, the retail giant said. Additionally, the annual bonus could reach 200% of base salary, if managers meet certain profit targets and metrics.
The company also launched a new bonus program for Store Hourly Associates.
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Starting February 1, the current average store manager salary of $117,000 will be raised to $128,000. (Michael Ciaglo/Getty Images/Getty Images)
Walmart’s minimum wage Overall, the company charges $14 per hour, although starting pay can be as high as $19 per hour depending on store location.
Fox Activity Chris Pandolfo contributed to this report.
