Retail giant Walmart (WMT) plans to raise salaries for store managers and hourly workers across its US locations. The average annual salary for managers at U.S. Walmart (WMT) stores will increase from $117K to $128K, according to a letter sent to all US storage managers by Cedric Clark, executive vice president of store operations. The superstore chain is also boosting its annual bonus program. If managers hit or exceed sales targets, bonuses could reach as high as 200% of their base salary. In addition to managerial pay adjustments, hourly workers are also up for a raise. The average hourly Walmart (WMT) employee will receive more than $18/hour.
$Wal-Mart(WMT)$ Are Companies With High Salaries Worth Investing?
Some believes that a high profit per employee might indicate financial success, effective human resource management, and a high leverage industry.
Do you agree with this?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments