Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary structure for top-performing managers, with salaries reaching up to $620,000 per year.
The goal of this strategy is to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
This move is seen as a masterstroke by HR, as happy and satisfied managers are more productive and beneficial to the company. Despite the current economic climate, Walmart, a corporation valued at over $800 billion, is investing in its key employees.
Author's summary: Walmart raises salaries for top managers to $620,000.