This Walmart job will now earn up to $620,000 a year

Top-earning managers at this large retail business will soon receive raises.

Walmart market managers will now receive a compensation increase of up to $620,000 annually.

According to the Wall Street Journal, the base compensation for this role, which is also known as a regional manager, will increase from $130,000 to $160,000, but the maximum base salary that an individual in this role may earn will stay at $260,000.

In addition to their incentives and stock options, market managers can earn between $420,000 and $620,000. It used to be between $420,000 and $570,000.

According to a Walmart spokesman, market managers will receive stock grants of $100,000 year, up from $75,000, and possible incentives of 100% of base pay, up from 90%, according to the WSJ.

Approximately 440 workers who oversee 4,600 locations nationwide would be impacted by these changes.

According to the Walmart website, the average hourly worker earns about $17.50 per hour.

This is the most recent in a series of adjustments to Walmart employees’ pay and benefits. Individual shop managers can now earn almost $400,000 year if they are a strong performer, while hourly workers in their stores received a new yearly bonus.

However, there are also drawbacks for other positions inside the organization. In addition to the elimination of remote work, rank-and-file office employees’ health insurance premiums are predicted to rise in 2026.

For those who might not know, Forbes reports that Walmart is the nation’s largest employer.

According to the Walmart website, the company employs 1.6 million people in America and 2.1 million worldwide.