Walmart's latest perk for U.S. store managers? Stock grants
Walmart is further sweetening the perks for its U.S. store managers as the nation’s largest retailer and private employer seeks to retain and attract top workers in a still competitive job market
NEW YORK (AP) — Walmart is further sweetening the perks for its U.S. store managers as the nation's largest retailer and private employer seeks to retain its leaders and attract new ones in a still competitive job market.
Walmart, which is based in Bentonville, Arkansas, and has almost 4,700 U.S. namesake stores, said Monday that starting with the company's new fiscal year, which begins Thursday, U.S. store managers will receive up to $20,000 in Walmart stock grants every year.
Walmart shares have risen 15% in the past 52 weeks, with the stock closing at $164.27 on Friday — up nearly 1%, or $1.43, per share.
The moves follow an announcement made by the discounter earlier in the month that it would raise the starting base pay for store managers, while redesigning its bonus plan to emphasize profits more with these leaders. The pay raise and bonus change will also be effective Thursday.
