Walmart raises manager pay to $128,000; eligible for bonuses up to 200% salary

Walmart managers are in line for a pay increase with the potential to see bonuses up to 200% their base salary.

In a memo sent to U.S. store managers, Cedric Clark, Executive Vice President, Store Operations, Walmart U.S., Walmart said it was raising the average pay for managers and redesigning its bonus program.

“The number one driver of job satisfaction is an associate’s manager, and we believe that you – our front-line leaders – are the best in retail. Not only are you responsible for exceeding customer expectations day in and day out; each of you is the CEO of a multimillion-dollar business. And you’re the driving force behind the development of our next generation of leaders,” Clark said in the memo.

The store manager’s average salary will go from $117,000 to $128,000 a year. In addition, store profit will play a larger role in calculating annual bonuses and, if a manager hits all targets, the bonus could be up to 200% base salary.

More than 75% of Walmart management began their careers as hourly employees, the memo notes.