Why Does Walmart Pay So Much?
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- Опубликовано: 27 июл 2024
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Salaries at Walmart have become insane. Software engineers are able to earn nearly half a million dollars per year. Product managers are also able to earn nearly half a million dollars per year. And, even data scientists are able to cross $400,000 in total compensation. This is nothing new for big tech companies like FAANG but Walmart is very much a legacy retailer. But, despite their industry, it looks like Walmart is very much trying to keep up with the modern tech industry. In fact, Walmart has a full-on tech subsidiary called Walmart Global Tech that employs 8,000 tech workers. It wasn’t always like this though. Back in the late 1990s and early 2000s, Walmart was very much resisting the tech revolution by suing up-and-coming competition and refusing to embrace tech. This led to about 16 years of stagnation in their stock price until they finally decided to go all in on tech. Today, Walmart is still definitely a retailer but they’re very much a retailer who’s based in tech. This video explains the history of Walmart’s tech endeavors and how Walmart become one of the top payers in the world.
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Timestamps:
0:00 - Walmart Salaries
2:35 - Walmart The Boomer
5:30 - Walmart Feels The Pain
8:40 - Walmart Pivots
11:47 - The Tech Walmart
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2009: Studying hard so you don't work at Walmart when you grow up.
2023: Hoping you get a job offer from Walmart so you can get paid well.
What a turn around!
Yep.
Lol oh how times have change!
There’s still a massive difference between working in retail versus working at corporate.
it is like amazon warehouse vs amazon software development engineer. you dont want the first but 2nd is quite a sweet gig, well, until you get tired of the slave-driving corporate work culture which forces you to work 60 hours a week.
@@IamAWESOME3980 Work 60 hrs a week at $120/hr? Where do I sign up?😄
I’m baffled to hear all this, this company has been infamous for not paying its employees well. But I’d imagine these are the lowest level employees.
The Walmart I worked at paid their manager several times more than the 2 co-managers. That was about a decade ago though
That’s not true anymore. Retail Walmart employees enjoy one of the highest starting salaries and great benefits, including the ability to pursue a college degree.
Wal mart has the highest amount of welfare recipients if that says anything. They also have thier own portal to apply for government assistance
@@christopherbrooks6355 Really!? Imagine that.
@@christopherbrooks6355 They also employ more retail workers than anyone else. 🤷🏼♂️
Walmart has been known for having logistics capabilities on par with the US Department of Defense for years. That requires a significant amount of tech.
Walmart being competitive in the tech space should not surprise anyone.
It also didn’t used to buy anything off the shelf but developed it all in house. Not sure if tufts still the case but either way they built up a lot of serious tech capability, and their ROI on technology investments was light years ahead of anyone else outside the tech sector
Walmarts logistics are a fucking mess atleast from the point of view of a warehouse worker
@@calvin1715to be fair, it's probably the same for Amazon.
@@calvin1715 That's just the nature of logistics. There are simply too many variables between truck maintenance issues, drivers going to the wrong place or needing to stop, or some warehouses getting backed up, that it's impossible for everything to run smoothly, which is why you have people working in operations and logistics who are always pulling their hair out trying to coordinate the mess and prevent one domino from knocking down all the others.
walmart beat FEMA to hurricane disaster zones with semis of water and other supplies. in fact we should probably outsource FEMA to walmart cause FEMA is $16 billion in debt now and no money left in the flood insurance fund
My first tech job was with Walmart Global Tech. They have an absolutely behemoth tech organization, with DoD level cybersecurity practices. I’ll say that internally they’re a very dysfunctional company, but they gave me a salary that was unthinkable growing up in Arkansas and taught me a bunch.
- Random company exist in pace.
- Logically Answered: How does this company exist anymore?
Yes
He's called logically answered for a reason
100th like from my side
Tbf it's not some random company it's it's wallmart
Tech jobs are never dying are they? Regardless of AI, as long as you know how to work a computer in a way most don’t, you should be good right?!??
I don't see AI making a full marketplace, maintaining it and innovating it, without software engineers there will be no websites
Probably for our generation yes
Idk, always be prepared
I suspect AI will be just another important tool in the workplace and true problem solving and creative thinking will always be of great value.
@@benchoflemons398 prepared for what? If all tech jobs can be automated then no other profession is safe. None. If all tech jobs can be automated then that means AGI has been invented and if AGI has been invented even doctors and lawyers can be automated and will be. Yea good luck preparing for such a world, you can't.
I worked at Walmart once, and despite the fact that the job absolutely sucks. I have to admit, their employees software system is extremely well designed and organized, look very nice as well. So I guess this makes sense
Yet their SMART system still uses a command line interface lol
@desenagrator Just an FYI, Walmart has been phasing out the SMART system for a few years now. It's mostly done on apps that Walmart developed so that employees can use them on company supplied smart phones ($300+ Samsung Galaxy smartphones), instead of $1000+ telxon's and tc70's. It's cheaper, and much better, and now all employees have access to the correct inventory related apps so they can do their job better, and faster, instead of having to go look for a handheld. Also the SMART System is barely even used anymore, it's slowly becoming obsolete and getting phased out completely.
I've worked for them for 8 years and since I got hired in 2015 I have seen Walmart go through a lot of changes, mostly for the better. Except for getting rid of valuable jobs and putting more stress on people who are over certain departments, all so they can save money, and look like they are giving more raises to store workers 😒.
@@marcalt26 are they not giving you a raise? Why is it bad that store workers are getting raises if the company can afford it?
worked at sams club and almost killed myself
@@justindoucette9242how was your experience at Sam's club?
Amazon has forayed into tech AWS because they realized, retail competition will be cut throat if others pour huge money. But differentiated technology products services can provide permanent market by making companies dependent on it.
This channel keeps delivering top notch unique content. Keep it up
Their grocery delivery is really easy and their return policy is even better than Amazon. Their prices are just about the same although sometimes Amazon is a bit cheaper.
They still need to work out issues. Great value, their house brand stays out of stock a lot. They also don't ship a lot of items, but reserve for pickup only. Items also switch a lot from we can ship to pickup only increasing customer frustration. Plus most liquids are pickup only. Amazon doesn't suffer any of these problems.
@@brodriguez11000 good points. I found that if you order your groceries after 11 AM the selection is usually much better. Maybe it has something to do with when their trucks get in or their system updates?
love these videos that cover the evolution of companies!!
thank you for the excellent content. great job.
I made significantly more at Walmart than i did a Google, Amazon, and Twitter. Wasn't even close.
No way
@@joo02 ok....how much did i make at Google and at Walmart 🤔
@@rhonnieminnieare you in tech or some HR role?
@@donnyvu1220 yes
I have a relative who is a a Walmart claims supervisor. She been there over 35 years. She keeps telling me she dont make much . I think she is feeding me a bunch of BS. You do not stay with a company that long if they do not pay well. She has no college degree but seems to do pretty good ???
Thanks for explaining things so easily. I always watch your videos.
Good video, I had no clue they paid well but working there I realized there tech was good. They had a good inventory and ordering system.
Very interesting. Walmart is extremely underrated company I did construction for Walmart a few years ago & I can say they have some big things planned.
Great video, world class breakdown.
Ari please never give up on us🙏 don’t change your style of content. Don’t change anything. At least if you decide to retire or outsource later, at least let it be an AI that sounds like you and tell stories that are top tier. Interesting stories. U inspired my writing style and now I publish newsletters almost everyday on LinkedIn and people love them. I’d pay to keep you alive forever and leave a legacy of thinkers
Bruh, thia dude has the most run off the mill writing style... wdym you got inspired ☠️☠️☠️
As someone started at Walmart 10 months ago, the amount of data we use here is massive. So no surprise those data engineer’s wage so well 👏👏
Okay good video but wtf was that 9:49 😂😂😂😂
Keep posting those salary data videos. I am hungry for more content like this. Think of me as Muncher on the new Ghostbusters movie.
I live in the same city as walmart. There arent many jobs under $100,000 a year here. Landscapers, handyman, mechanics are all $100k to $150k jobs here. If you can fix lawn mowers all day for $60 an hour as a high school drop out or drive for ups for $80 an hour then you gonna have to pay over $100 an hour for a programmer.
Funny how apple is on the chart of top paying jobs, when their factories in china pretty much don´t even pay wages and people doing like 24hour shifts 7 days a week or some shit like that :D
Yep, they make less than Walmart retail workers
Bro making the most basic observation
Those people don't work for apple, they work for foxconn winch is totally different
Use to go to a tech meetup at Walmart labs hosted in their office. Looked like they were doing pretty cool things there but heard it's closed since then
didn't know Walmart had all of this tech damn, quite interesting video
Nice video man and walmart is so awesome :]
Very well made video, clear to the point - have my compliments!
Greetings
Anthony
Thank you Anthony!
Your channel is God-tier my brother 👌🏾
Looks like Walmart has something else special other than there giant parking lots 😂
Jokes aside, it is great to see a good integration of tech and software engineer at this rate there importance become stable in the market where tech updates every day.
Great video 👍
Yep, adapting to the modern business landscape
Just not the environmental landscape by scaling down the horrible big box stores that must be driven to. :/
@@StLouis-yu9iz I mean, they're literally called "Supercenters" for a reason.
I find it funny because when I used to work at walmart a month ago, the equipment and the apps we used were outdated af.
Wonder where all that tech power is going then haha
@@LogicallyAnswered It honestly isnt that bad, compared to other retailers I love it. Im able to sit in my car and get a 20 min extra break because I can switch my location to the store im working at and clock in.
@@llamaxrider yeah I was lucky I was able to do that with the work phone they gave me for my position. Due to labor laws in my state, we weren't allowed to access that time clock feature on our personal phones so if you weren't like a stocker or sales associate, you weren't able to get that work phone which had access to that feature and have to resort to using the actual timeclock.
The scanner software on the worker app seems to have some ai training. A bit back, it suddenly started being able to scan barcodes in basically any condition and orientation. The regular app that customers use still has that hold still to scan crap, I think to make I look nice or something.
I think 90% of the tech is focused in the online store and delivery. Then, whenever they have free time, they upgrade systems for the employees.
As a person working a tech job in the e-commerce space, where they treat the employees like it's a retail company 😂 send help!!
Meanwhile as a software engineer with a 1A grade, being core contributor to a well known PHP framework, also well adversed in AWS & Google Cloud and fluent in Packer and Terraform and i am unable to find a job because in my country standards are so low you can forget everything you learned and have to start to embrace sphagetti. I could earn big time if i moved to the US but i got family and so i am going to work for 60k again being treated like a dumbass...
When you have 3 people running the entire store while I have to sit in a looong self-checkout line, I imagine paying someone isn't too hard.
good docu
The base pay for a 3rd shift stocker at my Walmart is 18.50 including the shift difference. This means without missing if this was salary, a 3rd shift stocker at my Walmart would. 38,480 per year. It’s pretty insane considering all we do is put items on a shelf and cardboard into a baler. Walmart also only allows hourly employees where I work to carry 80 hours of PTO I to the new year and multiple guys will often end the year with well over 100 hours so they make over 40k per year working at Walmart. You add in their wife making make 20-35k at their job and it’s not surprising to see people making it at what use to be low wage dead end jobs that were only for the retired or college kid.
For the year 2022, Amazon recorded a net loss of $2.722 billion on revenue of $513.98 billion, meaning the company was not profitable in 2022. The company’s profit experienced a sharp decline from its record net income of $33 billion in 2021, ending its 6-year streak of profitability.
Top talent deserve top dollar. Since their contributions can lead to millions or billions in ROI, it is a small chunk of change compared to the value they deliver.
it depends on where you are located. target and costco might not be headquater at expensive texas or california like where walmart is thus lower cost of living and thus lower pay
Walmart is headquartered in Bentonville Arkansas
Very true and the tech jobs are located across the US. I was in bentonville, but there are also many tech centers in Dallas, San Francisco, etc.
8:10 This is misleading. Flash websites were common at the time, and were the most interactive and futuristic for their time. Flash was only depreciated recently.
Adobe animate, so Flash didn't disappear.
Seeing what percentage of front end cashier service is "self-checkout" should tell you all you need to know on what Wal-Mart's 'automation' and 'tech' goals are. My Wal-Mart has a special parking lot just for people who paid online and are "picking up" without entering the store. 🖥️🚘📦
I was a Director of Data Science for walmart last year. Your salary and stock numbers are way off. For the Distinguished level it is more like 170k + 75 stock per yr + 30% bonus. The bonus was chopped to 60% of that so call it 20%. The stock includes a hiring bonus and will fall to 35k per yr if they even continue to award it. All in all you could be as high as 270-300k or as low as 160-170 but around 210-230k is the most likely. These would be for the headquarters location in Arkansas, the San Francisco office may have a cola adjustment.
Why was at 9:48 just a random image of jeff bezos 😂😂
Hi Walmart worker here. For hourly associates they tend to find every way to screw you out of your raises, I have worked with the company for 3 years and I work with someone who has worked here for 10, we are both paid the same as someone hired yesterday because our pay is usually not adjusted when the starting wage goes up, leaving you stuck at the pay floor.
Also you forgot in 2018 walmart acquired flipkart for $16 billion which is indias biggest ecommerce platform and the main competitor of amazon
What about Walmart's $1 billion acquisition of Flipkart?
Well, maybe Walmart can pay high level employees competitive salaries because they pay their “worker ants” only $14.00 per hour. However, the most disturbing salaries are made by the workers who have worked for Walmart for over 10 years, 15 years, even 21 years. Such employees make a little more than $17 per hour!! Unfortunately, as their years of employment increase Walmart as a company has plummeted. Most workers have found themselves in a position where they have too many years with the company to leave. Retirement is a real concern.
wow...i had no idea...makes you wonder why people only mention FAANG....looks like it should be WAANG
I am an actual software engineer level 2 here and I DO NOT make that money. Idk where you got your stats from. 30-40% is in stock btw.
100% , across the board all the data science number are wildly incorrect
HEB pays less for SE. I need to apply to Walmart lol.
Walmart has such a bad reputation that they have to pay considerably more to draw employees. Who wants to tell anyone they work for Walmart?
Can someone recommends books to talk about subjects like this ?
As Logically Answered is usually interesting, I have changed the bell from personallise to all.
Thank you Philip!
5:14 This is misleading too, AWS cloud represents 75% of Amazon's profits
They really dont pay well. For competing with amazon in terms of delivery, through spark or golocal, Sams club employees hardly get paid. Amazon work in Texas is around 20 an hour and Sams curbside is 17 an hour.
how come if I go to levels fyi , it is not like that... they don't pay that much... besides, I once worked there as a contractor senior software engineer. The ethnicity or race at that company is about 95% one race. They seem to need to churn contractors with different races in order they have good "diversity". The way they did it was hire a contractor for 4 months, let them go, and hire another one, so in one year, their "diversity" is 3x more diverse
Maybe you were checking Walmart instead of Walmart Global Tech
www.levels.fyi/companies/walmart-global-tech/salaries/software-engineer
@@LogicallyAnswered so I am looking at it now: Senior Software Engineer - E4 Average Total Compensation US$230,291 not that high... maybe we are looking at different things?
Walmart has the largest labor force in the entire world, and they want to keep it. In order to do that and to get the best and brightest to bubble up to the surface, they have to be generous with what they offer.
I wish they focused on Quality over Quantity! I worked as an UNLOADER and we had to hire 10-20 people every month just for that position. They hired the slowest/laziest people on the planet! Eventually most would quit after 1-2 months.
Meanwhile me and 3 other guys were unloading trucks faster than a team of 10. Instead of appreciating our hard work, they kept paying us the same as the new hires 😂 We all left after 1 year. That’s walmart for you in a Nutshell
@@siamimam2109 Huh? So you're telling me you're complaining that you got paid the same as everyone else, even though you had an inflated sense of self-worth. And because you didn't get paid more than what you agreed to do the job for you quit, even though you literally just complained about other people doing the same thing.
@@zacharyhenderson2902 yep. Whatever makes you happy, Im all for it 😃
Big retail tech jobs... its like playing different golf courses.
Walmart is the worst company in the world. They don’t have any ethical sense at all. (Was a manager with them for several years, trust me that corporation is pure evil.)
Oof
Haven't worked there but can't imagine any company who's sole goal is the cheapest price ever being ethical and good to their employees.
For several decades my dad worked for the Texas Workforce Commission. Basically he would hold hearings to determine if someone was eligible for unemployment benefits. He had a lot of hearings with Walmart. He never shops there unless there’s no other choice. They’re really not a good company
@@lynnzerbenI’m from puerto rico and I don’t shop at walmart unless there is something there that is not available anywhere else and I need it fast. My reasoning for it is they same as your father’s, i.e walmart is a big company and not a good one at that, but also because to us American companies are foreign companies. And I would rather not support american companies over local.
Man why does RUclips only keep playing video’s with auto play I’ve already watched in full…
Healthcare, one word to sum this video topic
What is the website you use to track mcap, revenue and net incomes of companies?
companiesmarketcap.com
@@LogicallyAnswered thank you ping me in case you need any help with research 🙌
That's why the prices at Walmart is so expensive. Their bike helmets are much more expensive than Canadiantire. Everything else is at least twice as expensive as a dollar store with the same or similar quality.
bro I make $15/h working full time with 10x the responsibility of when I was a cashier for them. Extremely underpaid down here.
I thought that Walmart invested heavily in analytics early on.That's what gave it an edge over other major retailers before it was the king. The tech culture was probably already there
Niko Omilana from out of nowhere?!
shiiiiiiii screw this Google interview next week, gimme Walmart
Good luck :)
A Distinguished Engineer for 500k is a joke, Walmart are lowballing
Walmart's shipping apparatus is most of our contribution to global warming, if I recall correctly. XD
After the one truck loader came up with a better loading stool, I’ve heard more and more about Walmart treating employees better. He saved them hundreds of millions in time.
I got more raises job hopping in 6 months than i did working my ass off for 7 years at wally world, they do not pay well. Not to mention that they dont give raises on merit, more than once i heard management discussing who to give raises to and never was merit a reason. They even said one of our hardest workers didnt need one because "young people don't need money". They had two kids. They needed money. Then they were shocked when it got back to them that they were denied a raise based purely on age, effectively taking food from their childrens mouths, and they quit.
Imagine telling somone on they ground they have good pay because the ceo is paid well, so their pay is irrelevant. That's not how that works. Walmart pays like shit.
I am not using Walmart. Most people use Amazon and CostCo. So I don’t if it’s paying handsomely to some Indians. Walmart isn’t as popular as other sites like Amazon or Google shopping.
U get what you pay 💰 so just hire the best 😂😊
Why did you put a news clip of a Walmart shooting? Why not use a stock photo of Walmart?
Yeah that would’ve been better. I dont think my editor noticed that.
That was probably the most accurate depiction of this company in the whole video. They’re awful. 😂
All Jumpscares
9:48 Jeff Bezos Jumpscare
I’m getting into computers to get out of Walmart 😂. Im shocked they pay well for tech
Same here
Pay well to attract and retain talent
But you have to live in Bentonville, AR.
It does show Walmart acquired flipkart in 17 billion dollar now worth 70 billion
Man, I wish I had a passion for tech like those guys who eat sleep and breathe code. I took a few coding classes in college and didn't really like it (did reasonably well though, B+ grades), and I'm regretting my choice not to go become a software engineer. I may hate what I do, but at least I'll get paid well.
What do u do?
Who would have thought. I now want to work for Walmart. But in tech.
Good luck 🤞
It will be about 1/2 the salary advertised here. And they really make you earn it.
1:09 you are comparing distinguished engineer salary of Walmart with Entry level position salary in Facebook or Apple.
This video doesnt grasp the concept of SWE levels, on the website you cited it shows a entry level big tech coder earning much more than walmart at the same skill level
the thumbnail is a bit misleading.
“Amazon is still not profitable” is extremely misleading.
You know what, man. A lot of people shit on a company like wal mart but go look at what a store manager makes, it’s over $150,000 on average, then look at district and regional managers! The same is true with companies like Home Depot and other retail. The get a bad rap because they employ mostly entry level people with entry level skills and that’s how they get portrayed. My mom works for home depot, she started there in 1996. She got to a point where she stopped taking promotions, but as long as you show up and do more than other people you can rise is those companies. A girl she started with in 1996 is a regional vice president now!
hi bro i have a qwestion. is youtube your side job or u went full time?
Full time
@@LogicallyAnswered dem bro
@@aaronj3245bro is dedicated ❤😢
I used to make 8mil a year contracting with the Dept of Interior. Now I make nothing.
Well, you should be set by now at that rate haha
What happened
@@ShubhamMishrabro They found out he was full of crap and rescinded his pay.
Walmart is still Walmart.
Buy something online tell the customer service you're having issues taking it back but it's just not safe for your age range. Be nice. And they will let your keep it and return your $😂
I think this shift to tech will eat up their margins. As you can see, even to this date, Amazon is not yet profitable. With the embrace of tech, we might see them burn more cash into the red.
Amazon is profitable though. Just this year they posted $3.2Billion.
@@gabrielgarcia7554 Amazon is profitable but not because of the online shopping website. They're profitable because of Amazon Web Services.
Tech costs a ton and u need growth down the line. Not sure walmart will find any more to capture the already saturated and low margin market
I just finished a 2 year contract with them and can finally afford to buy nice home!
Walmart isn't a legacy retailer, nor has it been in decades.
Legacy retailers don't have end to end supply chain management, and Walmart is one of the larger e-commerce retailers.
They've been data driven for decades. That's what helped them displace legacy retailers.
What source did you use to show the salary ranking?
levels.fyi
Thank you
So what does an actual walmart job pay? Like physically working in the market?
Websites claim that the AVERAGE pay is $17 per hour, which translates to ~ 36k yearly as a full time job.
Depending on your region (USA) that might not be enough to make a living; also keep in mind the many positions that fall somewhere below the average to as low as only $11 per hour.
I worked there for a year in Online Grocery Pickup, very stressful and started at $11.50/hour. Eventually got a raise to $13, but only because they increased the minimum pay for everyone in my store to $13. They also kept increasing our expectations and order capacity (despite us still being understaffed), so by the time I quit I was doing more than double the work of when I started. At at least one point our average turnover rate was less than 3 months. Got outta there so fast once I started college lol
idk but my city where their home office is i offer walmart cashiers $50k and 4 weeks vacation to mow lawns and they laugh and turn it down.
Is that niko? 0:15
They need to keep up with Amazon or else they're just a showroom and will go bankrupt. People go to Walmart take pictures of the item and buy it online.
Yeah I never understood why employees hated working at walmart tbh
Walmart got a stitch by Amazon - but who daggered them in the stomach and let dem bleeding was Aldi nobody buys fresh groceries with Amazon
Walmart has integrity. They made a cool shoe line with Shaq so kids who couldn't afford jordans could still have a nice looking shoe. They are far from the monster Amazon is. Basically another way of saying they actually care about retaining employees.
I compiled a complete list of people who would wilfully move to Arkansas: