Walmart's New Salary Strategy
Walmart CEO John Furner has introduced a new salary structure for top-performing managers, with salaries reaching up to $620,000 per year.
The goal of this move is to make managers "feel ownership" of the company, as stated by Furner:
“What we did last year was make managers feel like owners.”
This strategy is expected to boost productivity and job satisfaction among managers, which can be beneficial for the company's overall performance.
With a corporation value of over $800 billion, Walmart's decision to invest in its key employees may prove to be a wise business move.
Author's summary: Walmart CEO raises salaries to boost productivity.
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