Walmart CEO John Furner has introduced a new salary plan, offering top-performing managers up to $620,000 per year.
This move is not an act of charity, but rather a strategic decision to boost productivity by making managers "feel ownership" of the company.
“What we did last year was make managers feel like owners.”
With a corporation valued at over $800 billion, Walmart's decision to invest in its key employees may prove beneficial in the current economic climate.
By prioritizing employee satisfaction, Walmart aims to increase productivity and retain top talent.
@author summary: Walmart CEO raises salaries.