Walmart's New 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 of 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 decision is seen as a strategic move by the company's HR department, recognizing that happy and satisfied managers are more productive and beneficial to the company.
With a valuation of over $800 billion, Walmart is taking a unique approach to employee compensation, defying expectations of a traditional salary structure.
Author's summary: Walmart boosts manager salaries.
- Top-performing managers can earn up to $620,000 per year
- CEO John Furner aims to make managers "feel ownership" of the company
- Walmart's valuation exceeds $800 billion
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