Get All Access for $5/mo

Walmart Store Managers Will Get Up to $20K in Stock Every Year, Pushing Top-Earners Over $525K in Total Compensation "We ask our managers to own their roles and act like owners. Now, they'll literally be owners."

By Dominick Reuter

Key Takeaways

  • Walmart store managers are set to receive annual stock grants ranging from $10,000 to $20,000.
  • The amount of the grant will depend on the size of the store, from hometown stores to Supercenters.
  • The move follows significant increases in salary and bonuses that kick in on February 1.
Rick T. Wilking/Getty Images via Business Insider

This article originally appeared on Business Insider.

It's a good year to be a store manager at Walmart.

Fresh off the announcement earlier this month of substantial pay and bonus increases, the company said Monday that it is adding annual stock grants of up to $20,000 to the store managers' compensation packages.

"A Walmart store manager is running a multi-million dollar business and managing hundreds of people, and it's a far more complex job today then when I managed a store," said John Furner, President and CEO for Walmart's U.S. division, in a video posted on LinkedIn as the company kicks off an annual meeting in Houston, Texas.

"We ask our managers to own their roles and act like owners," he added. "Now, they'll literally be owners."

The amount of the grant will depend on the size of the store, with $10,000 for Hometown store managers, $15,000 for Neighborhood Market or Division 1 store managers, and $20,000 for Supercenter managers. Furner said the grants will start in April.

Walmart operates more than 4,600 retail locations across the US and employs 1.6 million people here.

These grants are on top of a new salary and bonus structure that will kick in on Thursday, February 1, bringing the average base salary for US store managers to $128,000, up from $117,000.

Under the plan announced on January 18, the maximum bonus increased from 1.5x annual salary to 2x annual salary — and will focus more on store profitability in addition to top-line sales.

This means a Supercenter manager with a top-end base salary of $170,000 could earn a total of $530,000 after receiving the maximum bonus and stock grant, while the average U.S. store manager could see roughly $400,000 in compensation this year.

Roughly three-quarters of Walmart store managers started off in hourly roles, and the company does not require a college degree to be considered for the job.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick


How to Close the Trust Gap Between You and Your Team — 5 Strategies for Leaders

Trust is tanking in your workplace. Here's how to fix it and become the boss your team needs to succeed.


6 Cost-Effective Ways to Acquire Brand Ambassadors

Boost your brand's visibility and credibility with budget-friendly strategies for acquiring brand ambassadors.

Health & Wellness

Get a Year of Unlimited Yoga Class Downloads for Only $23 Through June 17

Regular exercise has been proven to increase energy and focus, both of which are valuable to entrepreneurs and well-known benefits of yoga.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Side Hustle

'The Work Just Fills My Soul': She Turned Her Creative Side Hustle Into a 6-Figure 'Dream' Business

Kayla Valerio, owner of vivid hair salon Haus of Color, transformed her passion into a lucrative venture.

Business Culture

Why Remote Work Policies Are Good For the Environment

Remote work policies are crucial for ESG guidelines. Embracing remote work can positively impact your business and employees.