Huh. We got the story about how Walmart truck drivers make six figures, then this. What a coincidence! Did they call in a PR firm to try to convince people that Walmart isn't a terrible company?
Is this astroturfing by Walmart? Why are there two stories on the front page about how much Walmart pays people?<p><a href="https://news.ycombinator.com/item?id=39176877">https://news.ycombinator.com/item?id=39176877</a>
Hmm. That's significantly more than what I make, and I have a college degree and work in tech. I should be jealous, but I am not.<p>Good on Walmart for paying their store managers well. I hope the front line employees also get great pay and benefits too. if true, go Walmart.
Walmart did ~$600B revenue across ~10k stores.<p>Which means each store generates ~$60M/store.<p>For someone responsible for $60M in revenue, is the GM of a store with hundreds-of-thousands of products, and manages dozens/hundreds of employees - having an OTE of $0.4M could be argued as being underpaid.<p>(Correct, I'm not factoring in eComm - but directionally the numbers are still rough order of magnitude accurate)<p>---<p>Contrast that with being a Chic-Fil-a GM/operator, which is a radically smaller business by an order of magnitude, effectively just has 1 product (chicken) ... who makes $0.2M per year.<p><a href="https://corporate.walmart.com/about/location-facts" rel="nofollow">https://corporate.walmart.com/about/location-facts</a><p><a href="https://www.mashed.com/179233/how-much-chick-fil-a-franchise-owners-really-make-per-year/" rel="nofollow">https://www.mashed.com/179233/how-much-chick-fil-a-franchise...</a>
If, as the article says, they are adjusting compensation to retain skilled employees, it makes complete sense. That is, unless you assume Walmart doesn't have any idea what it costs to keep a good manager, but I very much doubt that's the case.<p>$404K is the absolute maximum total compensation for that role. That's around the top end of a software engineering manager role at some companies. I don't want to be a software engineering manager at that (or any other) salary, but I'd <i>much</i> rather do that job than manage a Walmart. I mean in terms of the amount of stress and anxiety it would entail, the hours, the shit you'd have to shovel. I bet managing a high-volume Walmart is a more difficult job, and there are fewer people doing it.
Doesn't sound so absurd when you compare them to a director or VP in tech. They manage 400-500 people at the high end and bring in over a billion dollars in revenue per year.
Why is this a surprise?<p>Edit: I’m in Walmart right now wearing a blue vest and stocking candy.<p>SM: not sure - they do get a bonus based on metrics<p>Store lead salary: see SM<p>Coach salary: c. $75k, a bonus too<p>TL: c. $21/hour, also a bonus<p>TA: c. $15/hour
20K in stock each year if you manage the super centers. That (according to the article I read about this on NYT) is oround $128K/yr max, and the equity vests over 3 years.<p>It's great for making sure folks feel a sense of ownership and you lock them in cheaply, which is good strategy. But not sure where the 400K number comes from.
LOL, where? Seriously is this an astroturf? Self-reported salaries on Glassdoor are on the order of $75-135K. The pharmacist in these stores is the top paid person usually.<p>The only explanation is "one time we accidentally set a stores goals way too low and a store manager got the bonus of a lifetime: