What: After having raised pay for staff, Walmart turns it attention to managers.

Why it is important: Granting stock options to managers is a true innovation in retail… but how realistically scalable is it?

Walmart is increasing compensation for its store managers to enhance retention and reward their pivotal role in operations. Managers will receive up to $20,000 annually in company stock, vesting over three years, and see their average salary rise from $117,000 to $128,000. Additionally, potential bonuses can reach up to 200% of the base salary, with a greater emphasis on store profitability. This move reflects the increased responsibilities of store managers, especially since the Covid pandemic, in managing diverse departments and significant sales volumes. Walmart's strategy, as outlined by CEO John Furner, is to incentivize managers to act and think like owners, acknowledging their critical contribution to the company's success.

Walmart gives stock options to retain store managers