Walmart made waves earlier this year when it announced a pay hike for store managers, with some potentially earning up to $530,000.
“I almost passed out when I found out,” Greg Harden, director of a Supercenter in Texas, told Bloomberg.
Harden currently manages more than 400 employees and has more than $100 million in sales at its Grand Prairie, Texas, store, one of the largest in the Dallas area, according to the report.
Under the new plan, Walmart says the average base salary for U.S. store managers is now $128,000, up from $117,000, while the highest-paid supercenter managers will see a base salary of $170,000.
Add in a 200% performance bonus and stock worth between $10,000 and $20,000 – depending on the size of the store – and the package starts to look pretty lucrative for a job that notably doesn’t require a degree four-year university.
Still, running a Walmart is a lot of work, and Harden told Bloomberg he put in many six-day weeks with 10-hour shifts starting at 5 a.m. each morning.
Other managers told the publication it was a bit like being in charge of a small town — so much so that they might consider a position like mayor.
Walmart’s executive vice president of store operations, Cedric Clark, told Bloomberg that the pay increase, along with recent benefits improvements and a series of new technology tools, helped improve morale and reduce turnover among store managers.
You can read the store’s full interview with store manager Greg Harden here.
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