Walmart managers can earn nearly half a million dollars a year with stock grants, CEO says (2024)

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Walmart managers can earn nearly half a million dollars a year with stock grants, CEO says? ›

The amount is based on store format, and superstore managers, the largest stores that Walmart operates, will receive $20,000 in stock every year. This gives some store managers the opportunity to make up to $400,000 a year.

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 says managers can now earn up to $400,000 a year — no college degree needed. Walmart said its store managers can now earn up to $400,000 annually, with the company announcing on Monday that it will give $20,000 in stock grants each year to Supercenter managers.

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. The amount of stock grants will vary by store format, with those overseeing smaller outlets eligible for less, the company said Monday.

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. Wow, that is great.

Walmart CEO Doug McMillon received $26.9 million in total compensation last fiscal year. The median compensation for Walmart employees was $27,642, per the company's annual proxy statement. Since 2009, McMillon has been paid $136 million for his work as a Walmart executive.

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. That announcement came on the heels of Walmart's decision to roll out a souped-up compensation package for managers. “We ask our managers to own their roles and act like owners.

That means a successful manager of a large Walmart store can earn up to $404,000 a year in total compensation. A Walmart spokeswoman declined to share how many managers generally receive their full bonus each year. The job has become more complex in recent years, said John Furner, Walmart U.S. chief executive.

This year they will offer store managers annual stock grants up to $20,000, as well as higher pay and bonuses. For the best managers of big stores it's become a $404,000 job that doesn't require a college degree.

Walmart covers 100% of tuition and textbook costs, eliminating all financial barriers for employees to continue their education.

Does Walmart help employees who are homeless? ›

ACNT provides grants to eligible U.S. associates in times of economic hardship resulting from an unforeseen crisis. Walmart, the Walmart Foundation, associates and Walmart alumni contribute to the Trust.

It's free and you're not obligated to purchase your options

Generally, there aren't any ramifications to accepting your offer. The exception is if you get a restricted stock unit (RSU) grant.

Requests for in-kind donations (product and gift cards) should be made at your local Walmart or Sam's Club facility. How will I know if I have been selected to receive a Spark Good Local Grant? You will receive an e-mail notification once funding decisions have been made.

The job with the best salary at Walmart, according to Glassdoor, is the position of Vice President of Strategic Accounts, which has an average salary of $326,000 to $587,000 per year. Below is the ranking of the five highest-paying jobs at Walmart: Vice President of Strategic Accounts: $326,000 - $587,000 annually.

Managers can also earn up to 200% of their pay as yearly bonuses, based on their stores' profits and sales, according to the retailer. The company will offer the enhanced compensation package to managers across its U.S. stores starting on February 1.

Store managers are now also eligible for annual bonuses of up to 200% of their salary. Based on the new average salary, the highest annual bonus possible and the full $20,000 stock grant, a U.S.-based Walmart Supercenter manager could earn $404,000 — or more — annually.

Walmart, the nation's largest private employer, is raising salaries and benefits for store managers as it looks for ways to retain them. Walmart said on Monday that managers of its U.S. stores would be eligible for grants of up to $20,000 in company stock every year.

Walmart store managers will get up to $20K in stock every year, pushing top-earners over $525K in total compensation. Walmart store managers are set to receive annual stock grants ranging from $10,000 to $20,000.

On Jan. 29, 2024, John Furner, President and CEO, Walmart U.S., announced an expansion of these investments to include an annual stock grant of up to $20,000. Making Walmart the best place to shop means we need to make it the best place to work.