Walmart's New Salary Structure
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 is expected to boost productivity and job satisfaction among managers, which can have a positive impact on the company's overall performance.
With a valuation of over $800 billion, Walmart is making a significant investment in its key employees, defying expectations of stinginess in the current economic climate.
Author's summary: Walmart raises salaries for top managers to $620,000.
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