Walmart offers stock grants in bid to incentivise store managers

Walmart offers stock grants in bid to incentivise store managers

THE WHAT? Walmart has ushered in a new incentive aimed at incentivising and retaining its store managers. The US retail behemoth is offering stock grants that could amount to a considerable pay increase for those heading up the most successful stores.

THE DETAILS All US store managers will receive up to US$20,000 in Walmart stock each year, according to a report published by Bloomberg, with the exact sum determined by store format. The firm’s bonus structure will also be revisited with up to 200 percent of base salary up for grabs for those who hit targets. Combined, these measures could see top managers paid US$404,000 per annum.

THE WHY? John Furner, CEO of Walmart US, told Bloomberg that the measures were aimed at incentivising performance, “We are asking them [store managers] to act like owners and to think like owners.”

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