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All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br>Fitz-Gerald Group CIO Keith Fitz-Gerald breaks down his stock pick, explains why Tesla is underestimated and shares his stock-selling strategy.<br><a href="https://www.foxbusiness.com/category/walmart" target="_blank" rel="noopener">Certain Walmart managers</a> are getting a pay bump, pushing their total compensation, including stock grants and bonuses, to well over $600,000. <br>The nation’s largest private employer is raising the salary range for its market managers, who supervise store managers in about a dozen locations, from $130,000–$260,000 to $160,000–$260,000. However, Walmart said that the majority of the 440 market managers across the U.S. already fall within the new pay range. <br>The company is also raising its annual stock grant from $75,000 to $100,000 and increasing its bonus potential to up to 100% of their salary. That's up from 90%.  <br>Altogether, that totals around $620,000. <br><a href="https://www.foxbusiness.com/markets/walmart-changing-titles-pay-structure-corporate-staff" target="_blank" rel="noopener"><strong><u>WALMART CHANGING TITLES, PAY STRUCTURE FOR CORPORATE STAFF</u></strong></a><br>"Walmart is increasing base pay, bonus opportunity and annual stock awards for our Market Managers," Walmart said in a statement, adding that the role is "key for our business and for serving our customers however they shop."<br><span>An employee gathers shopping carts at Walmart in Burbank, California, on July 22, 2020.</span><span> (Robyn Beck/AFP via Getty Images / Getty Images)</span><br>The changes will take effect at the start of fiscal year 2026, which means the 100% bonus potential will be reflected in their March 2025 payout. Employees will also get the $100,000 stock grant in April 2025, according to Walmart. <br>This marks the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015. It also comes after a solid rise in wages and <a href="https://www.foxbusiness.com/category/retail" target="_blank" rel="noopener"><u>strong retail sales growth</u></a> in December, as U.S. employers hired more workers in a generally tight labor market.<br><a href="https://www.foxbusiness.com/lifestyle/how-walmart-luring-new-crop-shoppers" target="_blank" rel="noopener"><strong>HOW WALMART IS WINNING WITH HIGHER-INCOME SHOPPERS</strong></a><br>Earlier this week, the company announced that U.S. store managers would get a raise in February. <br><span>This marks the latest in a series of investments the company has made in its hourly and salaried roles that began in 2015.</span><span> (Patrick T. Fallon/Bloomberg via Getty Images / Getty Images)</span><br>Beginning on Feb. 1, the current average salary for store managers of $117,000 will be raised to $128,000, the retail giant said. Additionally, the annual bonus could be as high as 200% of base salary, if managers meet certain targets and profit metrics. <br>The company also launched a new bonus program <a href="https://www.foxbusiness.com/category/jobs" target="_blank" rel="noopener">for store hourly associates.</a><br><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a><br><span>Beginning on Feb. 1, the current average salary for store managers of $117,000 will be raised to $128,000.</span><span> (Michael Ciaglo/Getty Images / Getty Images)</span><br><a href="https://www.foxbusiness.com/category/minimum-wage" target="_blank" rel="noopener"><u>Walmart’s minimum wage</u></a> across the company is $14 an hour, although starting pay can be as high as $19 an hour depending on the store location.<br><i>FOX Business' Chris Pandolfo contributed to this report. </i><br><br>Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.<br>We've added you to our mailing list.<br>By clicking subscribe, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy" target="_blank">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use" target="_blank">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. 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