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Walmart Raises Store Managers' Base Pay, Redesigns Bonus Program

Changes Aim to Retain Qualified Managers and Attract New Employees in Competitive Labor Market

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The exterior of a Walmart department store is pictured where the Moderna coronavirus disease (COVID-19) vaccine is available as Walmart and other major U.S. pharmacies take part in the Federal Retail Pharmacy Program, to increase vaccinations in the U.S. in West Haven, Connecticut, U.S., February 17, 2021. REUTERS/Mike Segar
People going in and coming out of a Walmart store

Overview

  • Walmart is raising the starting base pay for store managers from a range of $65,000-$170,000 to a range of $90,000-$170,000, increasing the average base pay from $117,000 to $128,000.
  • The company is also redesigning its store manager bonus program to emphasize store profits over sales, potentially doubling a manager's base salary if all targets are met.
  • Approximately 75% of Walmart's store management started as hourly workers, highlighting a path of upward mobility within the company.
  • Average wages for hourly workers are also set to increase from $17.50 to $18.
  • Walmart, the nation's largest private employer, is making these changes in a bid to retain qualified managers and attract new employees in a competitive labor market.