Their average base pay was hiked from $130,000 to $160,000, with the rest of the roughly half-a-million dollar salary made up of hefty stock grants and annual bonuses.
With more than 4,000 store managers across the U.S. (and around 1.5 million workers) when the policy went into effect, the payout wasn’t just generous—it was a calculated bet on culture.
With a 1.5-million-strong workforce, it’s not easy to keep everyone happy, but Walmart went straight to the source: cold, hard cash.
Bosses may sling around promises of “unlimited PTO” and swanky office amenities, but it’s more money that most workers really want.
“When employers need to go to market for talent, they might find the salary ranges to be inadequate to attract the talent that is needed; there is wage compression to address—all of which will be more costly in the long run.”
