A family buys in a Walmart Supercenter
People in a Walmart Reuters

Walmart, the United States' largest private employer, announced salary increases for store managers in the country.

The company told NBC News that there are roughly 4,700 stores in the country and that all of them have a store manager.

They will all see a 9.4% salary increase, raising their compensation from $117,000 to $128,000 a year.

They will also be eligible for bonuses that are up to 200% of their base salary, with the final figure being calculated based on individual store sales and profit.

This is potentially good for many Latinos, as hiring platform Zippia shows that over 15 percent of the roughly 1.6 million associates Walmart hired at the end of 2023 are members of this demographic.

A little over 1% of all Walmart employees earn between $100,000 and $200,000 a year, the platform shows, but the company highlighted that 75% of its field management teams began their careers at the company as hourly workers. Over three quarters of Walmart employees earn between $25,000 and $40,000 a year.

Walmart has also announced planned pay increases for hourly workers. The decision will go into effect in February and will take wages from $17.50 an hour to more than $18.00.

Reuters reported that "Walmart has been investing in its store workers to retain more employees and in September announced a change in the wage structure to align the hourly starting pay across all job roles and departments."

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