Walmart announces changes to job titles and pay structure for corporate staff starting in November
These changes will primarily impact job titles and compensation
Current employees will not have their base pay reduced
Some staff will receive new job titles without changes to their roles, responsibilities, or base pay
Walmart is also updating its bonus targets and stock compensation plans
Walmart is also updating its bonus targets and stock compensation plans
The company is evolving to remain competitive and streamline job titles across campus office roles
Corporate employees at Walmart and Sam’s Club will be reclassified into fewer job title groups with pay changes coming in November
Most staff will receive the same or higher levels of stock compensation
Approximately 4% of staff will see reductions in stock targets to align compensation across different geographies