Walmart will pay more than $600,000 a year to some top managers

Some top Walmart managers will now make as much as $620,000 annually as part of a broader pay raise from America’s biggest retail chain.

Some top Walmart managers will now make as much as $620,000 annually as part of a broader pay raise from America’s biggest retail chain. The people receiving these pay raises are market managers who oversee around a dozen stores. Their total pay, including bonuses and stock awards, will increase from $320,000 to $420,000 on the low end and from $570,000 to $620,000 on the high end, according to a Walmart spokesperson. The Wall Street Journal first reported the changes. Starting base pay for the market manager position is increasing nearly 25% to $160,000, with increases to the stock grants and bonuses making up the rest. The Walmart spokesperson told CNN in a statement that the market manager role “is key for our business and for serving our customers however they shop.” Walmart employs more than 400 market managers who oversee around a combined 4,600 stores in the United States. The midlevel-management jobs involve long hours and traveling among the stores to check on inventory, supervise staff and deal with customer feedback, according to a job description. The Walmart spokesperson added this is the “latest in a series of investments in hourly and salaried roles across Walmart US.”