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Walmart Boosts Manager Income
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Walmart raises the maximum annual income for store managers to $400,000, with a focus on attracting college graduates for leadership roles. The company also raises the average hourly pay for workers to $18, aiming to boost morale, productivity, and stock performance.
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How do companies' compensation plans influence employee motivation and productivity, and what implications does this have for the broader retail industry?
How might the increased compensation plan impact the overall performance of Walmart's store managers?
What other strategies could Walmart employ to attract and retain top talent in its management ranks?
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