Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a revolutionary salary plan for the company's top-performing managers, offering up to $620,000 per year.
The goal of this strategy is to make managers "feel ownership" of the company, as stated by CEO John Furner:
“What we did last year was make managers feel like owners.”
This move is expected to boost productivity, as happy managers are more 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.
- Salary range: up to $620,000 per year
- Goal: to make managers feel like owners
- Expected outcome: increased productivity
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