Walmart's New Manager Salary: A Game-Changer
Walmart CEO John Furner has introduced a significant change in the salaries of top-performing managers, offering up to $620,000 per year.
This move aims to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
This strategic decision is expected to boost productivity and job satisfaction among key employees, contrary to expectations of a large corporation like Walmart being stingy with salaries.
As a retail giant valued at over $800 billion, Walmart's move is seen as a masterstroke by HR to keep its top talent happy and motivated.
Author's summary: Walmart raises manager salaries to $620,000.
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