Walmart managers can now earn $400,000 a year, no college required, thanks to stock grants
Yes, that’s correct. Walmart announced a new policy in February 2022, which allows Walmart store managers to earn up to $400,000 per year, an increase from their previous cap of $250,000. The additional compensation will come in the form of long-term stock grants. These grants are often used as incentives to retain employees in the company for a longer period, as they generally vest over a certain length of time. This change is a part of Walmart’s larger efforts to invest in and retain its employees. The company has recently made other changes as well, such as increasing base pay for truck drivers and offering college tuition as a benefit to their employees. Importantly, no college degree is required for these manager positions.