Walmart's New Managerial Salary Structure
Walmart CEO John Furner has introduced a significant change in the salaries of top-performing managers, with some earning up to $620,000 per year.
The retail giant's decision to offer such high salaries is a strategic move to boost productivity and job satisfaction among its key employees.
“What we did last year was make managers feel like owners,”
said CEO John Furner, highlighting the company's approach to motivating its managers.
With a corporation valued at over $800 billion, Walmart's move to increase managerial salaries is a notable departure from expectations of a stingy approach to employee compensation.
Author's summary: Walmart raises top managers' salaries to $620,000.
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