Report Reveals Managers at Walmart Earn $175,000 Per Year On Average

Report Reveals Managers at Walmart Earn $175,000 Per Year On Average

Business

How could it be to work at Walmart?  The United States’ largest private employer wants the world to know one can make a pretty cool living working in its stores. The retail giant has faced criticism for underpaying employees. Now it seems like the company is eager to throw out that label. The world’s largest retailer has announced that its store managers earn an average of $175,000 per year. The company has around 4,700 store managers in the U.S. Besides; the amount is nearly four times than the average payment of a typical U.S. worker, which is about $47,000.

Walmart has also faced criticism for its $11 minimum wage, even by its biggest rival, Amazon. Whereas, the retailer said it had raised its initial pays in the U.S. by more than 50% over the course of three years. The appraisal also includes other benefits and bonuses, along with the average wage for a full-time payment $14.26 per hour. Thus full-time workers at Walmart earn an amount of around $30,000 per year, double than the federal hourly minimum income of $7.25. As per the company, the minimum starting stipend for any Walmart worker is $11 an hour. Even more, the wage is the same for both, full-time and part-time workers.

The retail giant changed its mind and decided to restore its prestige for poorly paying in 2015. At the time, it assured to increase pay by $2.7 billion over two years. The company said jobs in the retail industry offers a gateway to higher mobility for millions of people. Walmart CEO Doug McMillon noted the company continues to invest in associates through salaries. Here employees also get better educational opportunities, training and other perks. In January, Walmart hit the headlines when it announced a massive rise in the annual wages of its 8,000 truck drivers. As per Walmart’s report, it has promoted 215,000 people to positions with greater responsibility and a bigger salary in 2018.

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