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Walmart Store Managers Can Make Up to $400k

21 点作者 karma_daemon超过 1 年前

14 条评论

JohnFen超过 1 年前
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?
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surteen超过 1 年前
Is this astroturfing by Walmart? Why are there two stories on the front page about how much Walmart pays people?<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=39176877">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=39176877</a>
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game_the0ry超过 1 年前
Hmm. That&#x27;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.
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alberth超过 1 年前
Walmart did ~$600B revenue across ~10k stores.<p>Which means each store generates ~$60M&#x2F;store.<p>For someone responsible for $60M in revenue, is the GM of a store with hundreds-of-thousands of products, and manages dozens&#x2F;hundreds of employees - having an OTE of $0.4M could be argued as being underpaid.<p>(Correct, I&#x27;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&#x2F;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:&#x2F;&#x2F;corporate.walmart.com&#x2F;about&#x2F;location-facts" rel="nofollow">https:&#x2F;&#x2F;corporate.walmart.com&#x2F;about&#x2F;location-facts</a><p><a href="https:&#x2F;&#x2F;www.mashed.com&#x2F;179233&#x2F;how-much-chick-fil-a-franchise-owners-really-make-per-year&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.mashed.com&#x2F;179233&#x2F;how-much-chick-fil-a-franchise...</a>
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karaterobot超过 1 年前
If, as the article says, they are adjusting compensation to retain skilled employees, it makes complete sense. That is, unless you assume Walmart doesn&#x27;t have any idea what it costs to keep a good manager, but I very much doubt that&#x27;s the case.<p>$404K is the absolute maximum total compensation for that role. That&#x27;s around the top end of a software engineering manager role at some companies. I don&#x27;t want to be a software engineering manager at that (or any other) salary, but I&#x27;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&#x27;d have to shovel. I bet managing a high-volume Walmart is a more difficult job, and there are fewer people doing it.
arcticbull超过 1 年前
That&#x27;s awesome, good for them. Hopefully they improve comp for front-line staff too.
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paxys超过 1 年前
Doesn&#x27;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.
tennisflyi超过 1 年前
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&#x2F;hour, also a bonus<p>TA: c. $15&#x2F;hour
sailfast超过 1 年前
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&#x2F;yr max, and the equity vests over 3 years.<p>It&#x27;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.
Fomite超过 1 年前
&quot;Can&quot; is doing a lot of work in that sentence.
zeemass001超过 1 年前
I do know they pay tuition for a 4-year online degree to their employees because I teach these students. I thought that was a good thing.
htrp超过 1 年前
Store Manager Article Published January 29, 2024 at 9:45 AM EST<p>Truck Driver Article Published Tuesday, January 23, 2024
303uru超过 1 年前
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 &quot;one time we accidentally set a stores goals way too low and a store manager got the bonus of a lifetime:
darth_avocado超过 1 年前
Non paywall: <a href="https:&#x2F;&#x2F;archive.is&#x2F;xn4Ln" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;xn4Ln</a>