According to reports, average TC for store manager is 175K. Any store manager making this or more? https://www.wsj.com/articles/walmart-store-managers-make-175-000-a-year-11557339360 @Walmart
No way
This is true for super centers. They run $100 - 140 million a year in revenues and have 300-400 employees. It’s a huge a responsibility. I’d venture to say they’re underpaid.
How much do you think for a regular store?
I believe there are only two types of stores - a super center and a neighborhood market. Super centers are by far the majority of stores.
I'm a trainer for the company and can tell you that the max that a high volume store manager can make is $240K. I can also tell you that they earn every penny they get. Salaries range from about $80K to $120K with the remaining amount made in an annual bonus. Bonuses are not guaranteed and the stores need to hit various sales/profit/customer service benchmarks.
How true is the TV show "Superstore"?
I've never seen the show.
Aaron's rent to own was a bit like this. The manager was paid a base based on a percentage of store gross and a higher percent of profit. A few GMs were clearing 150k back 10 years ago, but the entry level stores were 60-80k. Some of the best pay for not needing a degree and just needing a modicum of soft skills. And you only had to manage 10 or so people. Bad part was they expected 60 hours a week minimum Monday through Saturday. But without trade skills... Not bad. GMs in retail make bank because overall store performance is the difference between a store losing money and making 10+% net margin on millions per year.
Yeah, agreed. I worked retail when I was in high school/college, and the vitriol spewed by customers was terrible. Some would argue with a manager and quickly move to name calling and shaming. “You work at Walmart and get paid 10 bucks an hour!!! Get me your district managers number!”, all the while the manager would apologize to the customer. Retail is tough, but I’m glad there’s a chance that some of my managers were laughing in their heads knowing they were probably rolling deeper than most customers.
It's underpaid for the work they do. It's almost like running a small company. A lot of folks I work with were once an Asst Mgr or Mgr of store at WM, I've asked most of them this question as to why would they leave that job since that's the only job that has a path for them to be a CEO if at all 😀 , everyone said managing store employees needs some exceptional ppl skills, not for the faint hearted. At the same time managing store shrink ( theft) is the next hardest part. Churn in stores is very high, there's hardly very few employees below mgrs that last more than a year in a store. Location of the stores makes it even harder . All in all a very very tough job to last in, but those that last and grow are exceptional ppl in both ppl skills and business.
What the FUCK?