Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary plan, offering top-performing managers 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 managers are more beneficial and productive for the company.
With a corporation valued at over $800 billion, Walmart is investing in its key employees, contrary to expectations in the current economic climate.
Author's summary: Walmart's CEO introduces high salaries for top managers.
- Salary: up to $620,000 per year
- Goal: make managers feel like owners
- Corporation value: over $800 billion