Walmart Continues Investment in Store Managers

On Jan 29, 2024

All of Walmart store managers in New Jersey received more great news today. This morning, Walmart US CEO John Furner announced that all New Jersey store managers – as well as those across the country – will receive an annual stock grant of up to $20,000. The news comes on the heels of the Jan. 18 announcement about investments in store manager pay – resulting in the store manager average salary increasing to $128,000/year and a newly designed bonus program which gives store managers the opportunity to earn an annual bonus that’s up to 200% of their salary.

According to Cedric Clark, executive vice president, store operations, Walmart U.S., “The company said that making Walmart the best place to shop means making it the best place to work. To accomplish that, it is on a journey of investing in its associates – from offering competitive front-line pay to benefits that support associates’ health and well-being in all aspects of life.

“The No. 1 driver of job satisfaction is an associate’s manager, and we believe that – our front-line leaders – are the best in retail,” Clark continued. “Not only are they responsible for exceeding customer expectations day in and day out; each of them is the CEO of a multimillion-dollar business. They are the driving force behind the development of our next generation of leaders.”

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