Wal Mart And End Minimum Wage Pay

Wal-Mart has three basic beliefs that are an integral part of their teamwork. The first is respect for the

Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American”

Because Wal Mart already have a lot of these expectations set in place, it is very important that the employees are educated and informed of the company mission and the culture of the company. For any company including Wal Mart it is very important that the employees are treated with respect and they are treated equal. The employees should also have a clear understanding that their success within the company would be rewarded. Wal Mart has set training programs for their employees.

Wal-Mart excels in customer service; and the wages provided to their employees is beyond just minimum wage. “Wal-Mart’s success is the direct result of the dedication of its associates, and they reward their hard work with benefits that work for them. Their benefits include more than medical coverage and a competitive pay package: They offer associates retirement savings plans, pharmacy benefits, the opportunity to share in bonuses and valuable discounts at their stores (walmartstores.com, n.d).”

Walmart is a global employer in the retail industry that employs employees all over the world. We believe Walmart can improve by implementing the following strategies: Cost leadership strategy - this is what Walmart is known for, Differential strategy - a big portion of what how Walmart stands out from others (is different) is because of their pricing, which kind of reflects #1 (cost leadership), Value-creating strategy - again they create value because consumers enjoy their prices and offerings, because of their supplier diversity ..which again kind of reflects #1 (cost leadership), Revamp the external view of its workforce - this one is different from the others and we all know how much Walmart has been in the news for their treatment of employees and some of their policies.

Hundreds of thousands of people who work full-time at Walmart live below the poverty line. Many people wonder how workers of such an internationally known company receive so little compensation for their hard work. This might be due to the poor working conditions inhibited on the employees. As time does its course, Walmart 's image worsens as a result of this dilemma. First of all, one of the bigger faults in the treatment of Walmart employees is the absence of the 401K plan. By definition, this plan allows employees to contribute a fixed amount of income to a retirement account to defer until tax withdrawal. The company 's refusal to aggregate the 401K plans as a way to benefit their workers in the future has created a tense working environment between corporation and labor advocates who would like to see some sort of responsibility on the part of Wal-Mart.

In my personal experience from Wal-Mart, I have had a different experience than most, I have no major complaints about my job, I would like a higher wage, and I wish we would spend money in better places, however, my managers have been really good to me, to help me keep my job while in college and worked around my school schedule with absolutely no expectations in return. However, from the perspective of an outsider, we have to look at the numbers. This is one of the only issues that is a no brainer, a company that is among the Fortune 500 should be paying wages not just comparable to the competition, but significantly higher, they should want to bring in better workers. Part of our orientation told workers that Sam Walton, founder of Wal-Mart, had a very simple marketing plan, that if your work and quality was strong, that the word of mouth from person to person is

Enraged employees of Walmart across the country joined together to fight a similar cause: their inequitable wages and the poor hours they have to work to try and make ends meet. They were

The article that I have chosen is call “Wal-Mart CAN Afford $15 Minimum Wage.” It was published on the CNBC News website on June 3, 2016. This article gave insight to the reason why minimum wages should be raised and how it will dramatically advance the economy and also the standard of living of employers.

Wal-Mart’s management behaves immorally towards its employees. They do not value their employees’ needs, rights, or the labor laws that the US put into place to protect them. Wal-Mart’s low price on everyday household products is what sets them apart from other discount retailers. Their employees help make it possible for them to dominate their competitors in the

" Wal-Marts founder, Sam Walton, directly states that Wal-Marts purpose is to create profit rather than to provide satisfaction for their workers. Their corporation put aside the standard of living of their employees in order to remain on the charts as the richest corporation. While Wal-Marts stock price has raised two-thirds, its debt to equity ratio has decreased. Since minimum wage was increased Wal-Mart has decided to increase health insurance for only full-time workers, but workers who work 30 hours or less a week will receive no health insurance. Wal-Mart grows economically when its

“Wal-Mart is the largest private employer in the nation and the world’s largest retailer. With 1.6 million workers, 1.3 million in the United States and 300,000 offshore.” (Article #4.4 in reader). Thousands of Wal-Mart stores across the United States of America are best known for their slogan there of everyday low-prices guarantee. Wal-Mart retailers are regarded by the general American public for the place to go to find everything from fishing gear to groceries at the lowest prices. However, to obtain these low prices Wal-Mart must cut expenses, which it does across the board, including the pay and benefits to its workers in the United States. Wal- Mart 's low prices do often save the consumer money at the counter when they purchase

Walmart’s mission is to keep “everyday prices low” meaning labor costs must be kept at the lowest possible level. Walmart has always made every effort in keeping unions out of its company. The National Labor Relations Board has filed numerous complaints against Walmart. If a division decided to strike, Walmart would typically just fire the employees.

Wal-Mart is certainly credited with changing the retail world as we know it with its low prices and big stores with huge selections but it has come at a price. They have struggled with issues that question the ethics as a company and legal issues that question how they manage people. These issues will continue to hurt their organization unless a complete change in management thinking and actions are changed. As a socially responsible organization, their management planning in this area is second to none. Lets hope they take the same effort in improving their image when it comes to ethics and legal issues.

Walmart strives to bring good value to its customers under one roof. They provide a wide variety of goods and brands at competitive prices.