Current:Home > Contact-usWalmart managers to earn at least $128,000 a year in new salary program, company announces-DB Wealth Institute B2 Expert Reviews
Walmart managers to earn at least $128,000 a year in new salary program, company announces
View Date:2025-01-11 02:11:18
There are pay raises coming this year for present and future Walmart employees, the company announced Thursday.
Both wages and bonus programs are changing starting Feb. 1. Base pay for store managers will increase from $117,000 to $128,000 a year, and depending on a store's profit, annual bonuses could reach up to 200% of a store manager's salary.
"We are on a journey of investing in our associates," Cedric Clark, Executive Vice President of store operations for Walmart U.S. said in a company note that was shared with the public.
"We see an investment in you as an investment in our culture, our core values and in the day-to-day experience of every associate in every store. Investing in you is an investment in our future," Clark said.
The company told CNN that it hasn’t made any changes to store managers’ pay structures in more than a decade.
Along with salary increases for managers, comes an increase for the company's hourly workers. Clark, who started as an hourly worker in a Washington state Walmart, said the company will invest in its non-salary workers by increasing the hourly wage to over $18.
"I was able to grow my career because people invested in me. I know firsthand that the possibilities are endless when working at Walmart. And the possibilities are endless for you and for everyone you lead every day," Clark said in the release.
See what's new at Walmart for consumers
Walmart has announced multiple changes for consumers as well, that are either coming or already rolled out. Here are a few.
Sensory-friendly hours:Walmart will adjust the environment each day during this time
Sensory-friendly hours
Walmart announced in November that it will have "sensory-friendly" hours daily at every store across the country, USA TODAY previously reported.
From 8 a.m. to 10 a.m. local time at stores in the U.S. and Puerto Rico, Walmart will change the TV walls to a static image, turn off the radio and lower the lights where possible in order to make their stores a less stimulating environment and more inclusive for those with sensory disabilities, the retailer said in a news release.
More drone deliveries, new AI tech:Here's a guide to what Walmart unveiled at CES 2024
An increase in drone deliveries
Walmart is expanding its drone delivery service to 1.8 million additional households in the Dallas Fort-Worth metroplex, USA TODAY recently reported. The company says this is the first time a U.S. retailer has offered drone delivery to this many households in a single market.
Walmart also offers drone deliveries in Arizona, Arkansas, Florida, Utah and Virginia.
AI-powered search tools
A new generative AI-powered search experience is now available on iOS, and available to all platforms later this quarter.
How it works: Say a customer is throwing a Super Bowl party, they can search “football watch party” to find relevant items instead of typing in multiple searches for things like chips, chicken wings and soda, USA TODAY previously reported.
Virtual try-ons
Walmart is working on a new augmented reality (AR) experience called Shop with Friends.
Customers will be able to try on virtual outfits via a virtual model similar to their body type and share the look with their friends for feedback.
Bailey Schulz and Gabe Hauari contributed to this story.
veryGood! (59221)
Related
- Pete Alonso's best free agent fits: Will Mets bring back Polar Bear?
- Slovenia to introduce border checks with Hungary, Croatia after Italy did the same with Slovenia
- As a kid, Greta Lee identified with Val Kilmer — now, she imagines 'Past Lives'
- Popular use of obesity drugs like Ozempic could change consumer habits
- DWTS' Gleb Savchenko Shares Why He Ended Brooks Nader Romance Through Text Message
- Michigan football coach Jim Harbaugh responds to NCAA's investigation into sign stealing
- Mid-November execution date set for Alabama inmate convicted of robbing, killing man in 1993
- Earthquake country residents set to ‘drop, cover and hold on’ in annual ShakeOut quake drill
- Judge hears case over Montana rule blocking trans residents from changing sex on birth certificate
- Hurricane Norma weakens slightly on a path toward Los Cabos in Mexico
Ranking
- The Stanley x LoveShackFancy Collaboration That Sold Out in Minutes Is Back for Part 2—Don’t Miss Out!
- Former AP videojournalist Yaniv Zohar, his wife and 2 daughters killed in Hamas attack at their home
- How Justin Timberlake Is Feeling Amid Britney Spears' Memoir Revelations
- Feds OK natural gas pipeline expansion in Pacific Northwest over environmentalist protests
- Who will be in the top 12? Our College Football Playoff ranking projection
- Idina Menzel explains how 'interracial aspect' of her marriage with Taye Diggs impacted split
- 300-year-old painting stolen by an American soldier during World War II returned to German museum
- AP Week in Pictures: Global | Oct. 13 - 19, 2023
Recommendation
-
West Virginia expands education savings account program for military families
-
Army private who fled to North Korea charged with desertion, held by US military, officials tell AP
-
Masha Amini, the Kurdish-Iranian woman who died in police custody, is awarded EU human rights prize
-
Georgia agrees to pay for gender-affirming care for public employees, settling a lawsuit
-
Amazon Prime Video to stream Diamond Sports' regional networks
-
Jeezy Breaks Silence on Jeannie Mai Divorce
-
Maryland police officer suspended after arrest on Capitol riot charges
-
Pioneering L.A. program seeks to find and help homeless people with mental illness