Store manager

Walmart targets college grads for $210,000 store manager gigs

Walmart is rolling out a streamlined program to place recent college graduates in store manager positions that pay more than $200,000 a year — the latest bid from a major retailer to attract talented workers in an ultra-competitive job market.

Dubbed the “College2Career Program,” the pilot initiative is an accelerated training program for recent college graduates and individuals within 12 months of their graduation date, the company said.

Walmart said participants will receive a mix of classroom tuition, one-on-one mentoring and hands-on experience in store management – ​​with exceptional performers being offered the management role of “emerging coach” and a starting salary. $65,000 or more per year.

“We see the emerging role of coach as an additional pipeline to develop high-potential talent into future store managers,” Walmart executives Amy Goldfinger and Lorraine Stomski said in a blog post outlining the program.

Walmart store managers earned an average salary of $210,000 last year, executives added. The best “emerging coaches” should be placed as store managers within two years.

Walmart said the program is open to recent college graduates and people who are within 12 months of graduation.
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In addition, Walmart said its internship program is expected to grow nearly 30% from last year – adding that it has set a goal that the “majority” of its interns will eventually receive positions at full-time.

Walmart officials told The Wall Street Journal the training program was part of its effort to head off a potential shortage of store managers across its network of about 4,700 stores in the United States.

“My talent pool for store manager in three years was not going to be what I needed,” said Brandy Jordan, Walmart’s human resources manager.

Walmart employees
Walmart aims to attract workers in a tight labor market.
Jeffrey GreenbergUniversal Image

Walmart and competitors such as Amazon have increased their benefits in recent months amid fierce competition to fill vacancies. The national unemployment rate is only 3.6%.

In April, Walmart revealed it would pay its truck drivers a starting salary of between $95,000 and $110,000, up from a previous average of $87,500. This luck happened because the shortage of trucks contributed to higher shipping costs.

The tight market has given workers more clout, although rising inflation has undermined the benefits of higher wages. In March, the US economy had 11.5 million job openings, according to the Bureau of Labor Statistics.

Meanwhile, the number of job “quits” hit a record 4.5 million – a sign that the trend known as the “Great Quit” was continuing despite growing fears of a global economic slowdown.