New federal filings reveal what the world’s largest personal employer, Walmart, with over two million world staff, pays its workforce.
High tech firms will pay lots of of 1000’s of {dollars} in salaries, with Meta paying as much as hundreds of thousands, and Walmart is not any totally different. In keeping with the filings, seen by Enterprise Insider, Walmart pays software program engineers as much as $286,000, comparable to the $263,700 made by prime engineers at rival Amazon.
Different tech giants provide excessive compensation for related roles, together with Microsoft, which might pay $284,000 for prime engineering expertise. At Meta and Google, the identical roles will pay as much as $480,000 at Meta and a most of $340,000 for Google.
Associated: High-Performing Walmart Managers Can Now Make $620,000 a Yr
The filings additionally present that Walmart, which is the world’s largest firm by income, compensates employees product managers wherever from $136,500 to $286,000. In the meantime, information scientists take dwelling a variety of $138,333 to $286,000.
The info arrives from the 1,750 filings Walmart submitted to the U.S. Division of Labor within the first half of this yr. Firms are required to submit pay info when hiring overseas staff by means of the H-1B visa program, which permits extremely expert staff to tackle specialty occupations.
The paperwork present base annual salaries for H-1B visa staff and don’t embrace extra types of compensation, like signing bonuses and inventory choices. They current a snapshot of compensation, however not your entire image.
Associated: This ‘Candy’ Position Is the Highest Paid Place at Walmart After Managers
The filings reveal that Walmart pays different roles as follows:
- Distinguished Architect: $184,827 to $338,000
- Senior Product Supervisor: $121,000 to $286,000
- Senior Design Researcher: $142,002 to $234,000
- Consumer Expertise Design Senior Supervisor: $183,227 to $286,000
- Software program Engineering Director: $190,486 to $312,000
- Product Administration Director: $201,323 to $338,000
Whereas these roles will pay six figures, they’re exterior the standard wage for many Walmart staff.
Walmart’s workforce primarily consists of hourly retailer staff, who common an hourly wage of near $18. As of 2021, Walmart employed 1.2 million part-time and full-time hourly retailer staff within the U.S. out of 1.5 million general U.S. staff. As of the time of writing, greater than 75% of Walmart’s 45,201 open jobs globally are for positions in Walmart shops and warehouses.
That composition is mirrored in broader assessments of Walmart’s pay ranges. In keeping with Walmart’s annual proxy assertion, filed with the U.S. Securities and Trade Fee earlier this yr, the median Walmart worker made $29,469.
Compared, Walmart CEO Doug McMillon earned a complete annual compensation of $27,408,854, or 930 instances greater than the median worker.
Walmart CEO Doug McMillon. Picture by Ethan Miller/Getty Photographs
The assertion additionally confirmed that Walmart has elevated its workforce over the previous few years. As of the tip of fiscal yr 2024, Walmart employed roughly 1.6 million U.S. staff and had about 2.1 million staff worldwide, making it each the most important employer within the U.S. and within the world.
Associated: Here is How A lot 8 CEOs Made in 2024, From JPMorgan’s Jamie Dimon to Disney’s Bob Iger
Some Walmart market managers who handle a cluster of shops could make $420,000 to $620,000 in complete compensation. Walmart gave these managers a pay improve of as much as $100,000 from final yr.
Moreover, with income of $681 billion final yr, Walmart beat Amazon, which earned $638 billion throughout the identical interval, to the highest spot of the world’s largest firm by income.
Walmart inventory was up almost 9% year-to-date on the time of writing. The corporate has a market worth of over $780 billion.
Be part of prime CEOs, founders and operators on the Degree Up convention to unlock methods for scaling your online business, boosting income and constructing sustainable success.
New federal filings reveal what the world’s largest personal employer, Walmart, with over two million world staff, pays its workforce.
High tech firms will pay lots of of 1000’s of {dollars} in salaries, with Meta paying as much as hundreds of thousands, and Walmart is not any totally different. In keeping with the filings, seen by Enterprise Insider, Walmart pays software program engineers as much as $286,000, comparable to the $263,700 made by prime engineers at rival Amazon.
Different tech giants provide excessive compensation for related roles, together with Microsoft, which might pay $284,000 for prime engineering expertise. At Meta and Google, the identical roles will pay as much as $480,000 at Meta and a most of $340,000 for Google.
The remainder of this text is locked.
Be part of Entrepreneur+ as we speak for entry.
