He largest distribution group in the world in 2023, Walmart, always generates expectation by the types of employment offered. To break some myths that often circulate among people about pay or working conditions, The chain itself has announced the benefits it offers to its store managers.
Through a video published on the employment social network LinkedIn, the executive director of Walmart in the United States, John Furner, shared that Now your store managers will be able to earn up to US$400,000 a year And, not only that, but the company will give US$20,000 in stock donations each year to some of its workers.
But in exchange for that benefit the executive said, “we ask our managers to own their roles and act as owners, and now they will literally be owners.”
According to what was announced by the company, Walmart supermarket managers will now receive US$20,000 annually starting in April 2024, a new This is in addition to the recent increase in the average base salary of managers to US$128,000, That is, the equivalent of 9 percent more than in 2023 when the salary was US$117,000.
Walmart also assured that Top managers can earn up to 200 percent of their base salary through annual bonuses based on the sales and profits of their stores, which would be equivalent to an additional US$256,000 per year. Thus, with the highest base salary and all the concessions that the supermarket chain is promising, a person could earn up to US$404,000 a year. The reason for this, according to Furner, is that being a manager today is a much more complex job than when you simply ran a store.
It is worth mentioning that, according to information published in CBSNews, Walmart operates around 4,600 stores in the United States plus 600 Sam's Club. In that sense, the company clarified that managers of smaller stores will obtain subsidies of between US$10,000 and US$15,000.
Walmart has improved conditions for its managers.
What does it take to be a Walmart store manager?
Those who are excited about the new conditions that a Walmart manager will be able to obtain starting this year should know To get to that position you have to have a career in the company.
The good news is that A college degree is not required to become a manager, In fact, according to Walmart data, three out of four people in management positions in its stores, clubs or supply chain divisions started out as hourly workers. However, it is necessary to point out that to reach their current position they had to spend an average of about five years from their entry-level position to a managerial one.
At the same time, according to a newspaper article Wall Street Journal, Although Walmart assures that to be a manager you do not need university degrees, the company has a campaign open to recruit graduates with the intention of strengthening its human resources scheme.
And for those who want to know what the salaries of the lowest workers are, the reality is that the increase for managers is only growing the gap between base employees because Starting salaries in the United States are between US$14 and US$19 an hour depending on the location of the store.
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