Latest / Omni Talk Retail / Fast Five Shorts | Walmart Increasing Regional Manager Pay To Potentially Over $600k Per Year
Transcript
- 0:00Walmart
- 0:00is
- 0:00boosting
- 0:01what
- 0:01it
- 0:01pays
- 0:02regional
- 0:02store
- 0:02managers
- 0:03this
- 0:03year,
- 0:03enabling
- 0:04the
- 0:04top
- 0:04performers
- 0:05to
- 0:05take
- 0:05home
- 0:05more
- 0:06than
- 0:06$600,000
- 0:08a
- 0:08year.
- 0:08According
- 0:09to
- 0:09the
- 0:09Wall
- 0:09Street
- 0:09Journal,
- 0:10regional
- 0:10managers
- 0:11responsible
- 0:11for
- 0:11clusters
- 0:12of
- 0:12a
- 0:12dozen
- 0:12Walmart
- 0:13stores,
- 0:13a
- 0:13role
- 0:14known
- 0:14as
- 0:14a
- 0:14market
- 0:15manager,
- 0:15will
- 0:16be
- 0:16able
- 0:16to
- 0:16earn
- 0:17between
- 0:17$420,000
- 0:19and
- 0:19$620,000
- 0:20if
- 0:21they
- 0:21get
- 0:21their
- 0:21full
- 0:22bonuses
- 0:22this
- 0:23year.
- 0:23That
- 0:24total
- 0:24is
- 0:24up
- 0:25from
- 0:25a
- 0:25range
- 0:25of
- 0:26roughly
- 0:26320,000
- 0:27to
- 0:27570,000
- 0:29last
- 0:29year.
- 0:30The
- 0:30retail
- 0:30giant
- 0:31recently
- 0:31told
- 0:32these
- 0:32supervisors
- 0:33about
- 0:33increased
- 0:33bonus
- 0:34and
- 0:34stock
- 0:34awards,
- 0:35changes
- 0:35that
- 0:36reflect
- 0:36how
- 0:36their
- 0:36jobs
- 0:37of
- 0:37running
- 0:37a
- 0:38collection
- 0:38of
- 0:38stores
- 0:38have
- 0:39become
- 0:39more
- 0:39critical
- 0:40to
- 0:40the
- 0:40company's
- 0:41success.
- 0:41At
- 0:42the
- 0:42same
- 0:42time,
- 0:42Walmart
- 0:43is
- 0:43pulling
- 0:43back
- 0:43on
- 0:44perks
- 0:44for
- 0:44office
- 0:45based
- 0:45staff,
- 0:45such
- 0:46as
- 0:46gradually
- 0:46ending
- 0:47remote
- 0:47work,
- 0:48cutting
- 0:48some
- 0:48pay
- 0:48and
- 0:49shifting
- 0:49workers
- 0:50to
- 0:50the
- 0:50same
- 0:50health
- 0:50insurance
- 0:51plans
- 0:52offered
- 0:52to
- 0:52most
- 0:53store
- 0:53staff.
- 0:54Chris,
- 0:54are
- 0:54you
- 0:54pro
- 0:55or
- 0:55con?
- 0:56Walmart
- 0:56increasing
- 0:56its
- 0:57benefits
- 0:57from
- 0:58for
- 0:58regional
- 0:58store
- 0:58managers,
- 0:59especially
- 0:59important
- 1:00since
- 1:00you
- 1:00were
- 1:01one.
- 1:02Yes,
- 1:03I
- 1:03was.
- 1:04But
- 1:05for
- 1:05Target.
- 1:05Yeah,
- 1:05not
- 1:05for
- 1:05Walmart,
- 1:06not
- 1:06for
- 1:06Walmart,
- 1:06but
- 1:06for
- 1:06Target.
- 1:07And
- 1:07were
- 1:07you
- 1:08making
- 1:08$640,000
- 1:09a
- 1:10year?
- 1:10Because
- 1:10that
- 1:10is
- 1:11pretty
- 1:11sweet.
- 1:13God
- 1:14no.
- 1:14And,
- 1:14and
- 1:15I
- 1:15was
- 1:15a
- 1:15store
- 1:15manager
- 1:15when
- 1:16the
- 1:16sales
- 1:16weren't
- 1:16that
- 1:16great
- 1:17at
- 1:17Target
- 1:17either,
- 1:17so
- 1:17it
- 1:17definitely
- 1:18was
- 1:18not.
- 1:18Or
- 1:19a
- 1:19regional
- 1:19manager
- 1:20at
- 1:20Target
- 1:20when
- 1:20the
- 1:21sales
- 1:21were
- 1:21not
- 1:21great
- 1:21either.
- 1:22So
- 1:22no
- 1:22I
- 1:22was
- 1:22not.
- 1:23But
- 1:24the
- 1:24great
- 1:25thing
- 1:25about
- 1:25this
- 1:25headline
- 1:25to
- 1:26end
- 1:26the
- 1:26show
- 1:26is
- 1:27finally
- 1:27a
- 1:27headline
- 1:28I
- 1:28can
- 1:28laud.
- 1:28I
- 1:28feel
- 1:29like
- 1:29I
- 1:29think
- 1:29every
- 1:30headline
- 1:30this
- 1:30week
- 1:31but
- 1:31this
- 1:31one
- 1:31I'm
- 1:32lauding.
- 1:32I
- 1:32love
- 1:32this
- 1:33move
- 1:33and
- 1:34what
- 1:34you
- 1:34know,
- 1:34while
- 1:34other
- 1:35retailers
- 1:35are
- 1:35closing
- 1:35stores,
- 1:36Walmart
- 1:36is
- 1:37investing
- 1:37in
- 1:37its
- 1:37bread
- 1:37and
- 1:37butter
- 1:38and
- 1:38signaling
- 1:38to
- 1:39the
- 1:39entire
- 1:39organization.
- 1:40This
- 1:40is
- 1:40my
- 1:41favorite
- 1:41part.
- 1:41They
- 1:41are
- 1:42signaling
- 1:42to
- 1:42the
- 1:42entire
- 1:43organization
- 1:44that
- 1:44store
- 1:44level
- 1:45work
- 1:45is
- 1:46as
- 1:46important,
- 1:46if
- 1:47not
- 1:47more
- 1:47important
- 1:47than
- 1:48the
- 1:48work
- 1:48done
- 1:48in
- 1:48headquarters.
- 1:49And
- 1:49I
- 1:50got
- 1:50to
- 1:50tell
- 1:50you,
- 1:51and
- 1:51to
- 1:51your
- 1:51point,
- 1:51having
- 1:52done
- 1:52this
- 1:52exact
- 1:53job
- 1:53at
- 1:53Target,
- 1:54that
- 1:54is
- 1:54true,
- 1:55the
- 1:55scope
- 1:56of
- 1:56the
- 1:56job
- 1:56is
- 1:57much
- 1:57harder,
- 1:58much,
- 1:58much
- 1:58harder
- 1:59and
- 1:59requires
- 2:00an
- 2:00entirely
- 2:00different
- 2:01skill
- 2:01set
- 2:01than
- 2:02what
- 2:02I
- 2:02was
- 2:02getting
- 2:02paid
- 2:02for
- 2:03at
- 2:03an
- 2:03equivalent
- 2:04salary
- 2:05for
- 2:05my
- 2:05HQ
- 2:05roles
- 2:06at
- 2:06Target.
- 2:06Like
- 2:07hands
- 2:07down
- 2:07I
- 2:07would
- 2:08say
- 2:08that
- 2:08every
- 2:08day
- 2:08to
- 2:08the
- 2:09cows
- 2:09come
- 2:09home.
- 2:10And
- 2:10at
- 2:10HQ
- 2:11also
- 2:11you're
- 2:11a
- 2:12dime
- 2:12a
- 2:12dozen.
- 2:13But
- 2:13good,
- 2:13competent
- 2:14field
- 2:14leaders
- 2:14are
- 2:15much,
- 2:15much
- 2:15harder
- 2:16to
- 2:16find.
- 2:16Like
- 2:17you
- 2:17can
- 2:17find
- 2:18pick
- 2:18some
- 2:18random
- 2:18MBA
- 2:19off
- 2:19the
- 2:19street.
- 2:19But
- 2:19get
- 2:20get
- 2:20an
- 2:20MBA
- 2:21in
- 2:21there
- 2:21to
- 2:21run
- 2:21a
- 2:21store
- 2:22and
- 2:22let
- 2:22alone
- 2:23run
- 2:23a
- 2:23region,
- 2:24that's
- 2:24a
- 2:24whole
- 2:25different
- 2:25thing.
- 2:25So
- 2:26Walmart,
- 2:26kudos
- 2:26to
- 2:26you
- 2:27for
- 2:27understanding
- 2:28what
- 2:28really
- 2:29leads
- 2:29to
- 2:29your
- 2:29success,
- 2:30which
- 2:30is
- 2:30fundamentally
- 2:31your
- 2:32performance
- 2:32in
- 2:33your
- 2:33stores.
- 2:33Gotta
- 2:34give
- 2:34you
- 2:34credit
- 2:34on
- 2:34this
- 2:35one.
- 2:35Yeah,
- 2:36I
- 2:36agree.
- 2:36I
- 2:37mean
- 2:37I
- 2:37think
- 2:37it's
- 2:37about
- 2:38time.
- 2:38I,
- 2:38I
- 2:39never
- 2:39understood
- 2:40even
- 2:40you
- 2:40know,
- 2:40in
- 2:41our
- 2:41days
- 2:41at
- 2:41Target
- 2:41why
- 2:42you
- 2:42know,
- 2:43we
- 2:43had
- 2:43different
- 2:43bathrooms
- 2:44than
- 2:44the
- 2:44head
- 2:45at
- 2:45the
- 2:45headquarters
- 2:46than
- 2:46the
- 2:46stores
- 2:47teams
- 2:47like
- 2:47it
- 2:47was,
- 2:47it's
- 2:48like
- 2:48little
- 2:48things
- 2:48like
- 2:49that.
- 2:49And
- 2:49so
- 2:49I
- 2:49think
- 2:49even
- 2:50looking
- 2:50at
- 2:50like
- 2:50the
- 2:51healthcare
- 2:51being
- 2:52consistent
- 2:52across
- 2:53the
- 2:53board,
- 2:53like
- 2:53you
- 2:54should
- 2:54be
- 2:55treating
- 2:56these
- 2:56store
- 2:56teams
- 2:57who
- 2:57are
- 2:58still
- 2:58making
- 2:58the
- 2:59most
- 2:59impact
- 2:59to
- 3:00your
- 3:00bottom
- 3:00line.
- 3:01They're
- 3:01responsible
- 3:02for
- 3:02successfully
- 3:02rolling
- 3:03out
- 3:03all
- 3:03this
- 3:03technology
- 3:04and
- 3:05eventually
- 3:05creating
- 3:06a
- 3:06positive
- 3:07customer
- 3:07experience
- 3:08that's
- 3:08going
- 3:08to
- 3:09keep
- 3:09all
- 3:09the
- 3:09HQ
- 3:10jobs
- 3:10funded
- 3:11anyway.
- 3:11Like
- 3:12these
- 3:12are
- 3:12the
- 3:12people
- 3:13who
- 3:13you
- 3:13should
- 3:13be
- 3:13investing
- 3:13in.
- 3:14Plus
- 3:14I
- 3:14think
- 3:15it's
- 3:15really
- 3:15important
- 3:15when
- 3:16you
- 3:16think
- 3:16of,
- 3:17and
- 3:17I
- 3:17hope
- 3:17that
- 3:17this,
- 3:18this
- 3:18helps
- 3:18with
- 3:18attrition
- 3:19in
- 3:19these
- 3:20jobs
- 3:20early
- 3:21on,
- 3:21like
- 3:21the
- 3:21early
- 3:22store
- 3:22associate
- 3:22jobs.
- 3:23It
- 3:23gives
- 3:23you
- 3:23a
- 3:24really
- 3:25well
- 3:26deserved
- 3:26and
- 3:27well
- 3:28laid
- 3:28out
- 3:29career
- 3:29path
- 3:29for
- 3:29people
- 3:30to
- 3:30start
- 3:31working.
- 3:31Yes.
- 3:31Like
- 3:32if
- 3:32I
- 3:33know
- 3:33as
- 3:33a,
- 3:34an
- 3:34associate
- 3:35starting
- 3:35as
- 3:35a
- 3:3516
- 3:36year
- 3:36old
- 3:36bagging
- 3:36groceries
- 3:37like
- 3:37you
- 3:37know,
- 3:37Doug
- 3:38McMillan
- 3:38did
- 3:39or
- 3:39stocking
- 3:40shelves
- 3:40like
- 3:41that,
- 3:41that
- 3:41I
- 3:42have
- 3:42a
- 3:42career
- 3:42path
- 3:43that
- 3:43could
- 3:43net
- 3:43me
- 3:43up
- 3:43to
- 3:44$600,000
- 3:45a
- 3:45year.
- 3:45Like
- 3:46I
- 3:46am
- 3:46loyal
- 3:47to
- 3:47this
- 3:47company,
- 3:48I
- 3:48am
- 3:48working
- 3:48hard
- 3:49and
- 3:49I
- 3:49am
- 3:49invested
- 3:50in
- 3:50making
- 3:50sure
- 3:50that
- 3:50this
- 3:51is
- 3:51a
- 3:51great
- 3:51experience
- 3:52overall.
- 3:53So
- 3:54I
- 3:54think
- 3:54it's
- 3:54a
- 3:55really,
- 3:55really
- 3:56brilliant
- 3:56move
- 3:56by
- 3:56Walmart
- 3:57and
- 3:57I
- 3:57think
- 3:58just
- 3:58goes
- 3:58to
- 3:58show
- 3:59how
- 3:59they
- 4:00are
- 4:00able
- 4:00to
- 4:00move
- 4:01so
- 4:01quickly
- 4:02and
- 4:02how
- 4:02they've
- 4:02come
- 4:03to
- 4:03the
- 4:03position
- 4:03that
- 4:04they're
- 4:04in
- 4:04because
- 4:04the
- 4:05hierarchy
- 4:05BS
- 4:06is
- 4:06not
- 4:06present.
- 4:07They're,
- 4:07they're
- 4:07making
- 4:08sure
- 4:08that
- 4:08everybody's
- 4:09value
- 4:10is
- 4:10being
- 4:11appropriately
- 4:13rewarded
- 4:13in
- 4:14the
- 4:14organization.
- 4:15It's
- 4:15not
- 4:15about
- 4:15you
- 4:16know,
- 4:16who's
- 4:16friends
- 4:16with
- 4:16who
- 4:17or
- 4:17you
- 4:17know,
- 4:17what,
- 4:18what
- 4:18relationships
- 4:19are
- 4:19in
- 4:19which
- 4:19places.
- 4:20It's
- 4:20do
- 4:20the
- 4:20work
- 4:21and
- 4:21you
- 4:21get
- 4:22paid
- 4:22for
- 4:22it
- 4:22and
- 4:22we
- 4:22treat
- 4:23people
- 4:23equally
- 4:23here
- 4:24and
- 4:24I
- 4:24think
- 4:24that's
- 4:24really
- 4:25impressive.
- 4:26Yeah,
- 4:26no,
- 4:26100%.
- 4:27And
- 4:27I
- 4:27gotta
- 4:27ask
- 4:28you
- 4:28because
- 4:28I'm
- 4:28sure
- 4:28our
- 4:28listeners
- 4:29are
- 4:29wondering
- 4:29and
- 4:29I'm
- 4:29wondering
- 4:30too,
- 4:30what
- 4:30did
- 4:31you
- 4:31mean
- 4:31about
- 4:31the
- 4:31Target
- 4:32bathrooms?
- 4:33What
- 4:33was,
- 4:33what
- 4:33was
- 4:33that
- 4:33about?
- 4:34I
- 4:34didn't
- 4:34understand.
- 4:34I
- 4:35didn't.
- 4:35I
- 4:35was
- 4:35just
- 4:36like
- 4:36when
- 4:36we
- 4:36were
- 4:36building
- 4:37store
- 4:37of
- 4:37the
- 4:37future
- 4:38and
- 4:38we
- 4:38trying
- 4:38to
- 4:39look
- 4:39at
- 4:39like
- 4:40what
- 4:40should
- 4:40the
- 4:40store
- 4:40bathrooms
- 4:41be
- 4:41like
- 4:41for
- 4:42associates,
- 4:43you
- 4:43know,
- 4:43at
- 4:43a
- 4:44Target
- 4:44store
- 4:45versus
- 4:45what
- 4:45the
- 4:46bathrooms
- 4:46were
- 4:46like
- 4:46at
- 4:46the
- 4:47headquarters.
- 4:47And
- 4:47that
- 4:48was
- 4:48always
- 4:48like
- 4:48a
- 4:48sticking
- 4:49point
- 4:49was
- 4:50you
- 4:50know,
- 4:50headquarters
- 4:51has
- 4:51the,
- 4:51have
- 4:51these
- 4:52like
- 4:52beautiful
- 4:53floor
- 4:53to
- 4:54ceiling
- 4:54like
- 4:55windows
- 4:55and
- 4:56you
- 4:56know,
- 4:56state
- 4:56of
- 4:56the
- 4:57art
- 4:57beautiful.
- 4:57It
- 4:57was
- 4:58like
- 4:58walking
- 4:58into
- 4:58a
- 4:58casino
- 4:59or
- 4:59a
- 4:59hotel
- 5:00room
- 5:00at
- 5:00headquarters
- 5:01to
- 5:01go
- 5:01into
- 5:01the
- 5:01bathrooms,
- 5:02and
- 5:02there's
- 5:02all
- 5:02these,
- 5:03like,
- 5:03paper
- 5:04products
- 5:04and
- 5:04feminine
- 5:05products
- 5:05out
- 5:06for
- 5:06people.
- 5:06And
- 5:06then
- 5:06you
- 5:07go
- 5:07into
- 5:07the
- 5:07store's
- 5:07bathrooms,
- 5:08and
- 5:08it's
- 5:08like,
- 5:09you're
- 5:09lucky
- 5:09if
- 5:09you
- 5:09got
- 5:10a
- 5:10toilet
- 5:10that
- 5:10that's
- 5:10not
- 5:11clogged
- 5:11that
- 5:11you're
- 5:11gonna
- 5:12sit
- 5:12down
- 5:12at.
- 5:13And
- 5:13it
- 5:13was
- 5:14just
- 5:14things
- 5:14like
- 5:14that
- 5:15that
- 5:15we
- 5:15were
- 5:16really
- 5:16working
- 5:16to
- 5:16invest
- 5:17in
- 5:17at
- 5:17Target.
- 5:18And
- 5:18you've
- 5:18seen
- 5:19some
- 5:19of
- 5:19that
- 5:19in
- 5:19the
- 5:19store
- 5:20remodels
- 5:20that
- 5:20have
- 5:20happened
- 5:21certainly
- 5:21since
- 5:21then.
- 5:22But
- 5:22just
- 5:23like,
- 5:23we
- 5:23wanted
- 5:23to
- 5:23make
- 5:23the
- 5:24experience
- 5:24as
- 5:25good
- 5:25as
- 5:26we
- 5:26had
- 5:26it
- 5:26at
- 5:26headquarters
- 5:27for
- 5:27the
- 5:27store,
- 5:28the
- 5:28regional
- 5:29managers,
- 5:29the
- 5:30store
- 5:30managers,
- 5:30and
- 5:30the
- 5:31team
- 5:31members
- 5:31that
- 5:31were
- 5:31working
- 5:32day
- 5:32in
- 5:32and
- 5:32day
- 5:32out,
- 5:33there's
- 5:33no
- 5:33reason
- 5:33they
- 5:33shouldn't
- 5:33have
- 5:34those
- 5:34things
- 5:34too.
- 5:35Yeah,
- 5:35I
- 5:35got
- 5:35you.
- 5:36So,
- 5:36like.
- 5:36Yeah,
- 5:36we
- 5:36were.
- 5:36I
- 5:37remember
- 5:37that.
- 5:37Yeah,
- 5:37we
- 5:37were
- 5:37asking
- 5:37the
- 5:38questions,
- 5:38like,
- 5:38should
- 5:38we
- 5:39have
- 5:39a
- 5:39shower
- 5:39for
- 5:39the
- 5:39people
- 5:40that
- 5:40bike
- 5:40to
- 5:40work
- 5:41or
- 5:41to
- 5:41work?
- 5:41You
- 5:42know,
- 5:42like
- 5:42we
- 5:42do
- 5:42at
- 5:42headquarters,
- 5:43you
- 5:43know?
- 5:43Right.
- 5:44You
- 5:44know,
- 5:44we
- 5:44were
- 5:44just
- 5:44talking
- 5:45about
- 5:45it
- 5:45at
- 5:45that
- 5:45time,
- 5:45but,
- 5:46like,
- 5:46those
- 5:46are
- 5:46the
- 5:46types
- 5:46of
- 5:46things
- 5:47that
- 5:47we're
- 5:47saying.
- 5:47Yeah,
- 5:48that's
- 5:48interesting.
- 5:48I
- 5:49had
- 5:49forgotten
- 5:49about
- 5:49that.
- 5:50Thanks
- 5:50for.
- 5:50Thanks
- 5:50for.
- 5:51Thanks
- 5:51for
- 5:51taking
- 5:51me
- 5:52down
- 5:52memory
- 5:52lane.
- 5:52And
- 5:53I
- 5:53was
- 5:53like,
- 5:53oh,
- 5:53my
- 5:53God,
- 5:54anytime,
- 5:54Chris.
- 5:55You
- 5:55know,
- 5:55I'd
- 5:55do
- 5:55that.