Walmart's New Manager Salaries
Walmart CEO John Furner has introduced a new salary structure for 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 Furner:
“What we did last year was make managers feel like owners.”
This strategy aims to boost productivity and job satisfaction among key employees, defying expectations of a company like Walmart being stingy with salaries in the current economic climate.
As a corporation valued at over $800 billion, Walmart's decision to invest in its managers' salaries is a calculated move to drive success.
Author's summary: Walmart CEO introduces high salaries for top managers.