Walmart Store Managers Can Make Up to $400k(bloomberg.com) |
Walmart Store Managers Can Make Up to $400k(bloomberg.com) |
As to the submarine essay itself, I was amused by this line
> A good flatterer doesn't lie, but tells his victim selective truths
I found that amusing because telling selective truths is a form of lying.
The rank and file making good money and managers making good money are narratives that might appeal to different groups of people.
walmart pays $400k, unless you're below management level. then it's prison labor or you can go on food stamps because walmart doesn't pay a living wage.
A long time ago that partly broke. It stopped showing purchases made in-person. It would still show items purchased online for home delivery. I think it also showed items purchased online for parking lot pick up, but don't remember for sure.
I think it might now be completely broken, because I can't get it to show me purchases even when I search for something I'm pretty sure I had delivered.
I've reported this via their feedback page several times and they have not done anything. It's quite annoying.
I don't know if is broken for everyone or if for some reason something is fucked up with my account. I know it is not something to do with my computer because it fails the same way in the Walmart app on my phone and tablet. On the other hand surely if it was broken for everyone someone in whatever department maintains it would have noticed...surely some of them actually shop at Walmart and occasionally want to look up a past purchase.
I'm never wrong.
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.
The preferred qualifications are a Bachelors degree in Business. Take a look at the job postings.
> That's significantly more than what I make
The base salary is also in the $70-120k range for Store Managers, which is essentially the equivalent of becoming a Director at a public tech company.
The 400k number seems to have come out of an outlier who had a significant stock grant.
It's very good money of course, but you still end up earning more as a line level engineer with much less stress.
I tried. Page would not load for me so I made some assumptions.
> It's very good money of course, but you still end up earning more as a line level engineer with much less stress.
Not going to lie - I have it too easy. Which is why I am happy that the hard working folks of Walmart made more.
Which means each store generates ~$60M/store.
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.
(Correct, I'm not factoring in eComm - but directionally the numbers are still rough order of magnitude accurate)
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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.
https://corporate.walmart.com/about/location-facts
https://www.mashed.com/179233/how-much-chick-fil-a-franchise...
$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 much 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.
[1] https://careers.walmart.com/stores-clubs/walmart-store-jobs
[2] https://www.forbes.com/advisor/business/average-salary-by-ag...
That's where they get you. Staffing less than 30 hours means you don't need to provide health insurance as an employer. This is what most retailers do for line level staff.
Roles like Store Manager, Leader, or Coach are basically corporate management gigs that require or "highly recommend" a Bachelors degree
Edit: I’m in Walmart right now wearing a blue vest and stocking candy.
SM: not sure - they do get a bonus based on metrics
Store lead salary: see SM
Coach salary: c. $75k, a bonus too
TL: c. $21/hour, also a bonus
TA: c. $15/hour
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.
Truck Driver Article Published Tuesday, January 23, 2024
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:
In a specialized industry like software or biopharmaceuticals, companies are expected to have very high margins (think $500k-1m in revenue per employee).
Given that the pipeline for these industries is constricted due to skill requirements, that's why salaries tend to be much higher.
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0: https://www.prdaily.com/awards/content-marketing-awards/2023...
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2: https://salientpr.com/developer
3: https://vidico.com/video-marketing/
4: https://bizibl.com/marketing/download/content-distribution-p...
5: https://www.relevance.com/captivate-your-target-audience-by-...