Walmart's New Managerial Salary Structure
Walmart CEO John Furner has introduced a new salary structure for the company's top-performing managers, with salaries reaching up to $620,000 per year.
The goal behind this move is to make managers "feel ownership" of the company, as stated by CEO John Furner:
“What we did last year was make managers feel like owners.”
This strategy is expected to increase productivity and job satisfaction among managers, which can be beneficial for the company's overall performance.
With a corporation value of over $800 billion, Walmart's decision to offer high salaries to its key employees may seem counterintuitive in the current economic climate, but it is seen as a strategic move to drive success.
Author's summary: Walmart raises salaries for top managers.
- Maximum salary for top-performing managers: $620,000 per year
- Company value: over $800 billion
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