Walmart's New Salary Structure
Walmart CEO John Furner has introduced a new salary structure for the company's top-performing managers, with salaries reaching up to $620,000 per year.
The goal of this move is to make managers "feel ownership" of the company, as stated by CEO John Furner:
“What we did last year was make managers feel like owners.”
This strategy is expected to boost productivity and job satisfaction among key employees, despite the current economic climate.
As a corporation valued at over $800 billion, Walmart's decision to invest in its employees' salaries is a significant move.
Author's summary: Walmart raises salaries for top managers.
- Salary: up to $620,000 per year
- Goal: make managers feel like owners
- Expected outcome: increased productivity and job satisfaction
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