Is this for your store or Walmart overall?

 

Revenue is not profit.

 

Now do the math as to what the corporate profit is. REVENUE, is the total intake, BEFORE expenses, such as employees, energy, maintenance, etc.

 

That's a pretty big bump in 2023. Around that time articles about manager pay bump and bonuses of up to 2x base pay.

 

We have known a few friends who went to work for Walmart, they really liked the wages & benefits.

 

Profit per employee would be a better number to follow.

 

True though a lot of companies do indeed track revenue per employee as a key metric. A couple of different consulting companies I had worked for years ago did just that. It didn't go over well with the management of one when I asked the question of "what was the profit?"

 

When I worked at costco the managers knew exactly what I cost to have in the building .... At that time long ago I was making $11 per hour and the cost to the company was around $19 per hour....honest I tried not to break too much stuff....

 

Oh this is something from my secret Walmart group on Facebook. This isn't secret they just took it off the stuff they sent the shareholders.

I figure I cost about $25-28K a year. I have a lot of customer contact and they like me a lot. I follow policy but I smile at them, say Good Morning Boss, etc. I call all the customers boss it's a nod to Sam Walton. The customers love it, especially some of the young thug types.

I ride a bus 90 minutes ++ each day to get to and from work. I love my coworkers. I am not crazy about upper management who all seem highly stressed, beaten down, and depressed (I do what I can to love on them in my capacity). That's all the upper management the last 4 years.

Associates still talk about one store manager from about a decade ago. He used to come out and say hello to Ron and me every time we'd go to the store. Ron would play music off a flash drive on a talking book machine he turned into a boom box. People still talk about the manager, how great he was. The good ones always leave. I remember a few years ago one of the middle managers got promoted to store manager somewhere else and people were coming into the breakroom, looking at his cake, and crying.

 

Oh this is something from my secret Walmart group on Facebook. This isn't secret they just took it off the stuff they sent the shareholders.

I figure I cost about $25-28K a year. I have a lot of customer contact and they like me a lot. I follow policy but I smile at them, say Good Morning Boss, etc. I call all the customers boss it's a nod to Sam Walton. The customers love it, especially some of the young thug types.

I ride a bus 90 minutes ++ each day to get to and from work. I love my coworkers. I am not crazy about upper management who all seem highly stressed, beaten down, and depressed (I do what I can to love on them in my capacity). That's all the upper management the last 4 years.

Associates still talk about one store manager from about a decade ago. He used to come out and say hello to Ron and me every time we'd go to the store. Ron would play music off a flash drive on a talking book machine he turned into a boom box. People still talk about the manager, how great he was. The good ones always leave. I remember a few years ago one of the middle managers got promoted to store manager somewhere else and people were coming into the breakroom, looking at his cake, and crying.

At 25k to 28k a year, you are being under paid.

Kroger would pay you 16 at your experience, that's 32k a year in wages. Then benefits and taxes is usually about another 25 to 40 percent of your wages. With them, you'd cost about them about 41,000 a year including payroll taxes and benefits. Kroger's profits are only 2.5 percent of revenue.

Walmart's profits are 4.3 percent of their revenue.

You can do the math, but you may want to think about somewhere else.


Edit: A little more math

The average grocery store needs to make 450,000 dollars a week to be marginally profitable. On average, that store will have 100 employees. That means for marginal profits, each employee is 234,000 in revenue.

 

Oh this is something from my secret Walmart group on Facebook. This isn't secret they just took it off the stuff they sent the shareholders.

I figure I cost about $25-28K a year. I have a lot of customer contact and they like me a lot. I follow policy but I smile at them, say Good Morning Boss, etc. I call all the customers boss it's a nod to Sam Walton. The customers love it, especially some of the young thug types.

I ride a bus 90 minutes ++ each day to get to and from work. I love my coworkers. I am not crazy about upper management who all seem highly stressed, beaten down, and depressed (I do what I can to love on them in my capacity). That's all the upper management the last 4 years.

Associates still talk about one store manager from about a decade ago. He used to come out and say hello to Ron and me every time we'd go to the store. Ron would play music off a flash drive on a talking book machine he turned into a boom box. People still talk about the manager, how great he was. The good ones always leave. I remember a few years ago one of the middle managers got promoted to store manager somewhere else and people were coming into the breakroom, looking at his cake, and crying.

Oh this is something from my secret Walmart group on Facebook. This isn't secret they just took it off the stuff they sent the shareholders.

I figure I cost about $25-28K a year. I have a lot of customer contact and they like me a lot. I follow policy but I smile at them, say Good Morning Boss, etc. I call all the customers boss it's a nod to Sam Walton. The customers love it, especially some of the young thug types.

I ride a bus 90 minutes ++ each day to get to and from work. I love my coworkers. I am not crazy about upper management who all seem highly stressed, beaten down, and depressed (I do what I can to love on them in my capacity). That's all the upper management the last 4 years.

Associates still talk about one store manager from about a decade ago. He used to come out and say hello to Ron and me every time we'd go to the store. Ron would play music off a flash drive on a talking book machine he turned into a boom box. People still talk about the manager, how great he was. The good ones always leave. I remember a few years ago one of the middle managers got promoted to store manager somewhere else and people were coming into the breakroom, looking at his cake, and crying.

Oh this is something from my secret Walmart group on Facebook. This isn't secret they just took it off the stuff they sent the shareholders.

I figure I cost about $25-28K a year. I have a lot of customer contact and they like me a lot. I follow policy but I smile at them, say Good Morning Boss, etc. I call all the customers boss it's a nod to Sam Walton. The customers love it, especially some of the young thug types.

I ride a bus 90 minutes ++ each day to get to and from work. I love my coworkers. I am not crazy about upper management who all seem highly stressed, beaten down, and depressed (I do what I can to love on them in my capacity). That's all the upper management the last 4 years.

Associates still talk about one store manager from about a decade ago. He used to come out and say hello to Ron and me every time we'd go to the store. Ron would play music off a flash drive on a talking book machine he turned into a boom box. People still talk about the manager, how great he was. The good ones always leave. I remember a few years ago one of the middle managers got promoted to store manager somewhere else and people were coming into the breakroom, looking at his cake, and crying.

if your pay and benefits is around 25k a year I can guarantee you that your "cost" to Walmart is FAR MORE than 28k a year..

 

I know the markup is huge, I was a dept manager for Home Depot and most items had a good 50% markup and up to 80% on the good stuff

 

My actual pay is about 22K. We have an app that tells us how much "extra" the company pays for our services (benefits, etc.) for instance I pay $40 a paycheck for medical. Walmart pays more on top of that of course.

 

I doubt highly that the app you are using is telling you how much walmart is paying for liability insurance, utilities, Property lease rates of the land their store is sitting on, their workers comp insurance, local taxes etc etc etc... It costs far more to keep employees employed than the majority think.. 35 to 50% above their wages and benefits matching is not out of the norm

 

I'm a subcontractor. I won't tell you what I make, but I have a four person shop. I budget for each of the three carpenters (myself included) to make 120 dollars in revenue per hour. The materials are completely charged to the contractor. The payroll for my employees, including taxes and benefits, is about $345,000 not including bonuses on salaries of 230,000. My target revenue is 750,000 a year. My second largest expense not including materials is keeping 5 trucks on the road.

The shop is on property I own, in a building I own so I pay no rent.

 

I'm a subcontractor. I won't tell you what I make, but I have a four person shop. I budget for each of the three carpenters (myself included) to make 120 dollars in revenue per hour. The materials are completely charged to the contractor. The payroll for my employees, including taxes and benefits, is about $345,000 not including bonuses. My target is 750,000 a year. My second largest expense not including materials is keeping 5 trucks on the road.

The shop is on property I own, in a building I own so I pay no rent.

Break the land from the company on paper. Your company should be paying you to use your land. And you should probably pay someone (your own property management company) to manage that property for you.

I worked for a guy that owned the land, owned the restaurant on the land, ran the restaurant, worked for wages as the manager, and did it as four legally separate entities. The taxes must have been exciting reading!

 

Do you live off $22,000 a year, or is there some other income source or bill paying assistance?

 

Anything less than 28,000 at her experience is being cheated.

Not trying to be mean. I had a friends' daughter that worked at a Kroger subsidiary at 18, she got 14 dollars an hour part time.

Don't let anyone pay you less than what you are worth.

The average Walmart pay is 17.50. If you are not making that, leave the company and go elsewhere.

 

Yeah funny thing is that its the employer that decides "worth" until the employee gives compelling arguments and PROOF of their value. Most folks over value themselves. Not saying that is the case here im just saying that it is the reality most often.

 

THe development costs, legal, accounting, HR , advertising and warehousing , shipping fleets, losses , the army that must run walmart goes far beyond what is mentioned here . Again they do profit or they would not run it but there are a plethora of expenses not accounted for in this discussion . Your initial look at your pay compared to revenue compared to each store employee doesn't equate to a business reality .

 

It would be nice to get better health insurance and/or an extra couple dollars an hour.

Like the old joke goes, they can replace me but it's going to take a couple people to do it!

 

It would be nice to get better health insurance and/or an extra couple dollars an hour.

Like the old joke goes, they can replace me but it's going to take a couple people to do it!

Ask your boss for a quick 1 on 1 meeting and ask for a raise. Worst that’ll happen is he/she says no.

 

Fascinating. I'd say my entire benefits package is about $25K a year (benefits, payroll tax, salary). I work about 35 hours a week.

Let me do some math. Assuming 50 weeks per year...

50 weeks x 35 hrs/week is 1750 hours.

$25,000 / 1750 hours is $14.29/hour.

What benefits do you have at $14.29/hour? What stated hourly rate do they pay you?

 

There is a budgeting term for that, its called an employee's "burden".

It's what you cost the company.

Your salary is what they pay you.

Your salary plus what they pay for you in benefits and other cost is your burden to the company.

A lot of people don't realize that an employee burden can be 1.5 X their salary, sometimes even more.

 

Walmart pays between $14 to $32 an hour

 

I wonder what they Pay their Employees here on Long Island. You either have multible families living together or Husband and Wife are close to Making $150G a year together. If not you are underwater and are struggling not to drown. That is not living high on the hog.
Property Taxes in a 5 Mile Radis is 11 thousand to 25 thousand a year in addition to the Payment on the house property.

 

Rents for the same house are between 2,800 not including Utilities.

 

I'm going to preface my reply by stating I'm a "freak" by normal standards, a middle aged, widowed, childless cat lady. I am also a hardcore Jesus freak.

My job as I see it, is doing/going where God wants me to go and He very clearly wants me at the store doing what I do (I have the worst boss in the store). Walmart's just paying the bills.

That said, the bills are pretty much paid so I'm OK. But if I wanted to feel valued, respected compensated I would not be doing this job.

[Redacted last paragraph as I did sign an NDA]

 

I'm going to preface my reply by stating I'm a "freak" by normal standards, a middle aged, widowed, childless cat lady. I am also a hardcore Jesus freak.

My job as I see it, is doing/going where God wants me to go and He very clearly wants me at the store doing what I do (I have the worst boss in the store). Walmart's just paying the bills.

That said, the bills are pretty much paid so I'm OK. But if I wanted to feel valued, respected compensated I would not be doing this job.

[Redacted last paragraph as I did sign an NDA]

If you're happy doing what you are doing, far be it for anyone else to criticize and make suggestions to do something else. I commend you for liking what you do.

 

My cost as an employee is roughly this:

Health Benefits $1896/month I pay $312 of that so $1584/mo..
401k match 6% ($100,000 annual pay includes mandatory OT which is average in our union) $583/mo
Optional 3% profit sharing paid as 401k lump sum deposit once a year (they've never NOT paid this) $250/mo
Company provided life insurance policy 1.5 salary double indemnity for accidental death on job $175/mo
ST and LT disability insurance $236/mo
Other miscellaneous company provided benefits. Health Advocate, Teledoc 24/7/365 which is 100% free to the employee, Infertility/Adoption assistance, 1-800 help line for any personal issues, etc, $400 a month roughly

So $39000 a year in addition to pay per employee. That's just the cost of having an employee. There's probably a few other benefit costs I'm missing.

I'm also not calculating in the cost of vacation and personal days. In my position they cover my vacation week (I have to take it in weeks) with a lower grade operator who is trained to replace me so he or she gets paid my rate for the week as do I while out. Personal or sick days they cover with OT. So someone is getting 1.5 time while I'm getting straight time while off. I get 5 weeks vacation 4 PD 10 sick days. I'd say half the union membership gets 5 weeks.

Employees are an expensive albeit necessary piece of a business but it's obvious why employers cut where they can and replace with automation and AI where possible

In 10 or 15 years no more my job will be replaced with AI tech for the most part. Instead of an operator at each facility 24/7/365 there will be one or two at a main plant running the other plants with AI 16 hours a day while the day shift OP will do the maintenance/calibration/chem fills, etc. They could almost do it now on the back shift. They don't quite trust the SCADA software and PLC setups as configured. That will change with AI.

 

My cost as an employee is roughly this:

Health Benefits $1896/month I pay $312 of that so $1584/mo..
401k match 6% ($100,000 annual pay includes mandatory OT which is average in our union) $583/mo
Optional 3% profit sharing paid as 401k lump sum deposit once a year (they've never NOT paid this) $250/mo
Company provided life insurance policy 1.5 salary double indemnity for accidental death on job $175/mo
ST and LT disability insurance $236/mo
Other miscellaneous company provided benefits. Health Advocate, Teledoc 24/7/365 which is 100% free to the employee, Infertility/Adoption assistance, 1-800 help line for any personal issues, etc, $400 a month roughly

So $39000 a year in addition to pay per employee. That's just the cost of having an employee. There's probably a few other benefit costs I'm missing.

I'm also not calculating in the cost of vacation and personal days. In my position they cover my vacation week (I have to take it in weeks) with a lower grade operator who is trained to replace me so he or she gets paid my rate for the week as do I while out. Personal or sick days they cover with OT. So someone is getting 1.5 time while I'm getting straight time while off. I get 5 weeks vacation 4 PD 10 sick days. I'd say half the union membership gets 5 weeks.

Employees are an expensive albeit necessary piece of a business but it's obvious why employers cut where they can and replace with automation and AI where possible

In 10 or 15 years no more my job will be replaced with AI tech for the most part. Instead of an operator at each facility 24/7/365 there will be one or two at a main plant running the other plants with AI 16 hours a day while the day shift OP will do the maintenance/calibration/chem fills, etc. They could almost do it now on the back shift. They don't quite trust the SCADA software and PLC setups as configured. That will change with AI.

The company my Wife works for has to have two employees on duty 24/7 at a couple of Major Basketball Arenas for the Fire and safety systems. Cannot be rookies either. Prevailing Wage goes with those jobs too.
They had put a lower ranked employee at a couple of jobs that were Prevailing Wage in NYC. Didn't pay him at the time. A few months later they had to pay him he was all excited and had the money spent until he saw the Taxes taken out. Of course he would get them back when he filed.

 

A little off topic but I was wondering what a tv weatherman’s salaries were and was surprised to see they can be as low as $55k in smaller markets and $100k up in larger markets, anchorman’s salaries were similar, field reporters were as low as $35k!