Here's how much Walmart store managers will earn this year
CBSN
Some people go into fields like medicine or engineering in hopes of earning top dollar. But there's another way to earn six figures: become a store manager at Walmart.
The world's largest retailer announced this week that it is raising managers annual salary to $128,000, up 9% from $117,000 per year in 2023. Managers can also earn up to 200% of their pay as yearly bonuses, based on their stores' profits and sales, according to the retailer. The company will offer the enhanced compensation package to managers across its U.S. stores starting on February 1.
Walmart's move to sweeten managers' pay could help counter the high rate of turnover in retail. According to a survey from employee screening firm Checkr, 74% of retail workers were actively searching for a job or considering doing so in 2023.
