Walmart store manager might not be one of the gigs that comes to mind when thinking of high-paying jobs, but according to Walmart's first Environmental Social and Governance Report, released Wednesday, its U.S. store managers earn an average of $175,000 per year and receive benefits including parental leave, health benefits and 401(k) contributions. That's higher than the average salary of some of the country's best paying jobs, including dentists, who make an average $174,110 a year, according to U.S. News & World Report, and lawyers, who make an average of $141,890. By comparison, the average hourly wage of a full-time field associate at U.S. Walmart stores is $14.26, as of March. That works out to a little less than $30,000 a year, assuming a 40-hour work week and no time off. Walmart says it has raised its starting wages in the U.S. by more than 50% over the past three years and that more than 75% of its Walmart U.S. store operations management team members started as hourly employees. (It offers two structured training programs to its associates in U.S. stores, according to the report.) According to Walmart's website, job requirements for store managers include years of experience managing a number of associates, as well as experience in having financial accountability. An open position for a store manager in Dearborn, Michigan, for example, requires qualifications including a bachelor's degree and two years of general management experience, or without a degree, four years of general management experience. Earlier this month, CNBC reported that Walmart is testing a new employee structure within its stores in an attempt to reduce the size of its store management staff. The result would be fewer mid-level store managers who hold greater responsibility and have increased pay. Walmart has been criticized for employee pay in the past, and in April, Jeff Bezos challenged his top retail competitors to match Amazon's employee benefits and its $15 minimum wage. Currently, Walmart's minimum starting wage for newly hired associates is set at $11 an hour. Don't miss: This is America's richest ZIP code — and it's not in New York or California Like this story? Subscribe to CNBC Make It on YouTube!<doc-sep>“Too many people who work at Walmart are stuck in part-time, low-wage jobs,” said Cyndi Murray, a Walmart employee and member of United for Respect, an employee group that advocates for workers’ rights. “Conveniently, Walmart would like to focus on how much store managers get paid, but about half a million associates are . . . being left out of the equation."<doc-sep>All retail bankruptcies are not the same. Here's what you need to know Dollar General's business is booming. It's also vulnerable to crime, police say 3119 E Third Street Dollar General in Dayton, OH on March 12, 2020. NEW YORK, UNITED STATES - 2020/07/08: People wearing face masks shopping inside a retail store in Manhattan as the city enters phase 3 of reopening amid the coronavirus pandemic As New York City enters phase 3 of reopening retail stores for indoor shopping, restaurants have been postponed for indoor dinning. The U.S. Department of Health recorded a total of 3,219,999 infections, 135,822 death and 1,426,428 recovered since the beginning of the outbreak. (Photo by Braulio Jatar/SOPA Images/LightRocket via Getty Images) Party City CEO: Consumers still want to celebrate together NEW YORK, NEW YORK - NOVEMBER 19: A view of the window display as Macy's Herald Square unveils Give, Love, Believe 2020 Holiday Windows on November 19, 2020 in New York City. (Photo by Eugene Gologursky/Getty Images for Macy's) How holiday spirit is surging despite the Covid-19 pandemic This gym is actually opening studios during the pandemic Ever receive a package you didn't order? It could be a scam Here's where your 'free' online returns actually end up One of many large boxes of returned products that fill the warehouse. The returned products in this box will eventually be sorted and categorized. This airplane-shaped bag is selling for more than some actual planes (CNN Business) — Walmart wants the world to know you can make a really nice living working in its stores. The company has about 4,700 store managers in the United States and they earn an average of $175,000 a year, Walmart said in social governance report Wednesday. Walmart (WMT), the United States’ largest private employer, has been criticized for its $11 minimum wage — including by its rival Amazon. But Walmart (WMT) said it has raised its starting wages in the United States by more than 50% over the past three years. Including benefits and bonuses, the average wage for a full-time, hourly worker at Walmart (WMT) is $14.26 an hour. Walmart (WMT)’s department managers can also earn up to $24.70 per hour. Walmart employs more than 1.5 million workers in the United States. Women make up 55% of its workforce, while people of color make up 44%, the company said. Retail jobs provide “a gateway to upward mobility for millions of people,” said Walmart. Patrick T. Fallon.Bloomberg/Getty Images The average wage for a full-time, hourly worker at Walmart is $14.26 an hour, the company said. “We’re investing in our associates through wages along with better educational opportunities, benefits and training,” CEO Doug McMillon said in the report. Walmart has expanded paid-time off and parental leave policies in recent years and introduced Walmart Academy to train workers in advanced skills. As a result, Walmart said its worker turnover is at a five-year low. Climate change was another area of focus in Walmart’s report. “We believe climate change is likely to affect national economies and supply chains around the world through potential effects such as lower crop yields, increased health costs and storm damage,” the company said. Walmart said it aims to reduce its carbon emissions by 18% by 2025 from 2015 levels. The company says it’s on track to reduce 1 billion metric tons of emissions from its global supply chains by 2030.<doc-sep>
Walmart, the nation’s largest employer, pays its U.S. store managers an average of $175,000 a year, according to a new company report. The retailer's inaugural Environmental, Social & Governance Report released Wednesday says all of Walmart's 1 million-plus U.S. workers earn more than the federal minimum wage of $7.25, with the average wage for full-time hourly workers $14.26 per hour. The report outlines the company’s goals, progress and achievements in key areas, including climate change initiatives, sustainability in supply chains and economic opportunity for employees and communities. "We believe it’s important to run our business in a way that generates lasting value for our customers, our associates, our shareholders and for society more broadly," wrote Walmart President and CEO Doug McMillon in a letter included with the report. Tobacco minimum age:Walmart, Sam's Club raise age to buy tobacco to 21; won't sell flavored nicotine to minors Going up:Prices for Mexican tomatoes expected to increase 40% to 85% with new tariff In February, Walmart introduced paid time off that employees can use when they're sick or otherwise need to miss work. For having spotless attendance, employees can earn an additional 25% on their quarterly bonuses. The retail giant also has increased education options for employees and trained about 450,000 employees last year through the Walmart Academy program. “We’re investing in our associates through wages along with better educational opportunities, benefits and training," McMillon said. Report highlights Here are some more notes from the report: Wages have climbed more than 50% over the past three years and the minimum starting wage is now $11. More than 75% of Walmart U.S. store operation management team members started as hourly employees. Promoted more than 215,000 people to jobs of greater responsibility and higher pay in Walmart U.S. stores in fiscal year 2019. 55% of Walmart’s total U.S. workforce is female and 43% of management is female. More than 50% of hourly associates are full time. Walmart’s goal is to use 50% renewable energy by 2025. Currently 28% of Walmart’s electricity needs are supplied by renewable sources. Follow Kelly Tyko on Twitter: @KellyTyko