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.
Washington — The Supreme Court on Friday said it will consider the constitutionality of the Federal Communications Commission's Universal Service Fund, agreeing to review a lower court decision that upended the mechanism for funding programs that provide communications services to rural areas, low-income communities and schools, libraries and hospitals.
Jeff Bezos' Blue Origin launched six space tourists on a high-speed dash to the edge of space and back Friday, giving the passengers — including a husband and wife making their second flight — about three minutes of weightlessness and an out-of-this world view before the capsule made a parachute descent to touchdown at the company's west Texas flight facility.