Amazon is cutting hundreds of jobs. So are Macy’s and Wayfair. But one retail worker is still in high demand: Walmart WMT 0.25%increase; green up pointing triangle superstore manager.

Walmart is giving bigger bonuses and adding stock awards to their annual pay packages, pushing the total compensation for the best ones to more than $400,000 a year.

The retail giant has thousands of store managers who act as midlevel executives. Each can often oversee a store with 350 workers and $100 million in annual revenue. Many start as clerks and climb the ranks without college degrees.

Store managers will now be able to earn up to $20,000 in annual stock grants and an up-to-200% bonus each year. The average base salary for a Walmart store manager is around $128,000



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. Store managers are now evaluated on and responsible for e-commerce orders sourced from their stores, said Furner, who once worked as a Walmart store manager.

For store managers, the addition of an automatic stock grant, “makes it easier for them to think and act like owners because they are,” said Furner.

Walmart has worried about its pipeline of store managers. In 2022 it started a program to recruit and train college graduates for the job to help build its pool of possible candidates.

Store manager turnover has stabilized over the past year compared with earlier in the pandemic, said Furner. “We are keeping store managers in their location a bit longer,” he said.

Earlier this month, Walmart raised the average store manager pay to $128,000 from $117,000 and increased the possible bonus one could earn to 200%, up from 150%.

The automatic stock grants are highest for managers who run supercenters, the large format Walmart stores that sell everything from food to vacuums. Those who run smaller format stores earn less.

Write to Sarah Nassauer at Sarah.Nassauer@wsj.com

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Appeared in the January 30, 2024, print edition as 'Walmart Gives Store Managers Big Payouts'.
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lets say the average is 150,000 per year.

There is no way that is worth the shitshow that managing a walmart must be.

It’s been 15-20 years, but I used to know a guy who was a Wm manager, they sent him to screwed up stores to fix. He made really good money but worked all the time. Money is no good if it replaces your life.

quote:

Originally posted by GA Gator:
lets say the average is 150,000 per year.

There is no way that is worth the shitshow that managing a walmart must be.

Talked to a guy that did this work. Managed a Target. He talked about working x12 - x14 hour days every single day. Then sh*t show of managing these workers was god awful.

No thanks.

I stopped working retail decades ago, never again, couldn't pay me enough. Not only do you have to deal with the public directly and all their issues, but then you have the employees themselves and their shortcomings. Layer-in the level of theft and assaults lately which are excused by not only public officials but public interest groups assisting the perpetrators, which in-turn crushes employee morale and exposes the company to litigation...yeah, no.

Hats-off to those Walmart managers, you're earning every penny.

My better half is a Walmart manager, she can’t wait until she walks out the door for the last time. The money is phenomenal, we are a small area and small super center store. She has been with them for 33 years, started as a cashier at sge 20 and worked her way up. Since Sam passed it’s been a shit show, there are plenty of stories she can tell. She was in charge of loss prevention for 40 plus stores and gave that up because that was absolutely no time at home and on the road almost non stop, but again the money was outstanding. It’s retail but say what you want about Walmart, they have provided very very well for her and her kids, she has a lot of very positive things to say about the company from 10-15 yrs ago but not so much present day. She has much much thicker skin than I do to be able to go there daily and not only people but since the sc as mdemic, the workers are shit now also. As she has said many times, all a person has to do is show up and do their job and show some ambition and Walmart with treat you well