If you are involved in the retail industry, you may be curious about what different retailers offer as a salary, such as the Walgreens store manager salary.
Walgreens is one of the few major retail pharmacy chains in the United States. As with other pharmacy retailers, Walgreens has various product offerings, including over-the-counter medicines, personal hygiene and care items, candy and food, soft drinks, a photo center, home needs, and an in-store pharmacy.
Walgreens Manager Salary: Job Description & Duties
The Walgreens store manager bears responsibility for the efficient and profitable operation of the Walgreens store.
To accomplish these goals, the manager must ensure a high level of customer service, prevent loss of merchandise, and find opportunities to grow sales.
Also, they must execute directions from the District Manager or from corporate-level management.
Specific duties of the manager include hiring, training, supervising, evaluating, and firing employees. It also includes assigning them to particular tasks, tracking inventory and sales, ensuring proper display of merchandise, prices, promotions, and engaging in community outreach.
The community relations may take the form of communications with physicians and other local health care providers such as clinics and hospitals.
The store manager function also includes oversight of the pharmacy within the job functions.
This entails the manager consulting with the pharmacist or pharmacy manager to enhance sales, relationships with insurers and physicians in the community and service to customers receiving prescriptions.
As allowed by applicable laws, a Walgreens store manager may assist the pharmacist on occasion with filling prescriptions and performing other work of pharmacy technicians.
Walgreens Store Manager Salary and Benefits
According to Glassdoor, the mean base Walgreens store manager salary sits at $66,252 per year.
Salaries range from $38,000 to $101,000 per year.
A Walgreens store manager earns $12,368 per year in additional pay.
Glassdoor reports that the value of stock bonuses for Walgreens store managers average $1 on an annual basis. While profit-sharing proceeds run on a mean basis at $2,321, and about $8,801 from commission-sharing.
In addition to the Walgreens store manager salary, these professionals also have benefits such as the 401(k) plan, profit-sharing and the opportunity to purchase company stock.
Healthcare perks include vision, dental, medical and prescription drugs at various levels of coverage, along with consultations for flu shots and participation in a prescriptions savings program. Company-provided insurance includes company-provided insurance at 1.5 times the manager’s annual base salary.
Managers may also choose to buy additional term life insurance through the company. Walgreens’ “Work & Life Resources” benefits assist store managers and others with child care and counseling for mental health, legal and financial issues.
Benefits at Walgreens
Walgreens offers a variety of benefits to eligible employees. These are designed to support your physical, financial, and emotional well-being, as well as promote a healthy work-life balance.
- Time off: Paid Time Off, holidays, disability
- Profit sharing & stock purchasing plans: Profit sharing plan (401k), company match, employee stock purchase plan
- Company-paid life insurance: 1.5 times annual base salary for salaried team members
- Voluntary life and personal accident insurance: Benefit-eligible salaried and hourly team members may purchase a higher level of life insurance
- Health, prescription drugs, dental and vision: Multiple providers and plan levels; optional orthodontia coverage
Alternative Companies Salary
Glassdoor reports that the median annual pay for CVS health store managers rests at $61,953. Pay starts at $41,000 and ascends to as much as $108,000. Thus, the average for Walgreens store managers ranks higher than that for CVS managers. However, the higher end of the pay range for CVS store managers runs beyond that for Walgreens managers.
Meanwhile, the mean salary for Rite Aid store managers is at $50,688 per year. This falls below the mean Walgreens store manager salary.
Working at Walgreens
Generally, the Walgreens store manager salary ranks above the other major pharmacy retailers. Those who land store manager jobs in Walgreens can access a variety of health, retirement, and insurance benefits from Walgreens. The company also affords resources and assistance for store managers and other employees facing financial, legal, and personal challenges. Moreover, you can also look at the Publix Food & Pharmacy manager salary. We invite you to share your experiences and salaries as a Walgreens store manager.