Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary structure for the company's top-performing managers, with salaries reaching up to $620,000 per year.
The goal of this move is to make managers "feel ownership" of the company, as stated by CEO John Furner:
“What we did last year was make managers feel like owners.”
This strategy is expected to boost productivity and job satisfaction among key employees, which is beneficial for the company's overall performance.
With a valuation of over $800 billion, Walmart is taking a proactive approach to retaining its top talent in a competitive economic climate.
Author's summary: Walmart raises salaries for top managers to $620,000.
- Salary range: up to $620,000 per year
- Goal: to make managers feel like owners
- Company valuation: over $800 billion