Walmart's New Salary Initiative
Walmart CEO John Furner has introduced a new salary structure for top-performing managers, offering up to $620,000 per year.
The retail giant's move is aimed at making managers "feel ownership" of the company, as the current economic climate would suggest a more conservative approach to employee compensation.
“What we did last year was make managers feel like owners.”
This strategy is expected to boost productivity and job satisfaction among key employees, as happy managers are more beneficial to the company.
As a corporation valued at over $800 billion, Walmart's decision to invest in its employees' salaries is a significant one.
Author's summary: Walmart CEO increases salaries for top managers.
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