Walmart's Compensation Strategy

Petsmart provides many benefits to their staff like healthcare, dental, associate discounts, pet insurance and some more. They also offer a variety training and development programs through eLearning, certification programs and internships for students. The average salary range

Since the company was founded as a corner store, the company’s business plan has always emphasized on expect more, pay less brand promise that sets it apart from its chief rival, Walmart. Although, Walmart is known for its low prices and offers a large selection to its customers; it’s customer service is often found to be nonexistent. This

Olsson shows how difficult it is to get promoted in Walmart, which contributes to her argument that Walmart does not treat their employees as they should. In addition, it shows why employees can’t have better lives because they make minimum wages for a long period, and work extra hours without getting paid for it. Olsson suggests, “he asked for a promotion, but three months later he was still doing the extra work for no extra pay” (6). Olsson’s point is that Walmart employees can’t get promoted even when they try, instead Walmart is using them and make them work harder. Increasingly during her article Olsson makes it clear that Walmart exploits their employees.

Benefits for employees are key to the worker’s future or retirement. Benefits are also another reason why many people choose to work at that specific place of profession. Employees with families have to look for the benefits to help with their children’s future and health. An excellent example of a workplace with employee benefits is Costco. Costco employee’s starting pay is $11.50 an hour.

Costco has a wealth of employee benefits that are geared toward the well-being of its employees. Along with the typical benefits that help manage the stress of health and retirement, Costco also has other benefits that are useful for employees. Employees that are experiencing financial stressors have at their disposal a program that can help them get back a repossessed car. This is actually quite brilliant because it ensures the employee has a way to get to

The author goes on in detail about Walmart’s employee selection process and the unique attributes they look for. Walmart looks to employee staff that will not look to unionize the company and employees that are afraid they wont be able

This seems like a smart marketing trick that is surely used in other retailers. And what really matters here is that the average American or even those who cannot afford buying things from regular superstores can actually enjoy shopping at Wal-Mart and buy just anything they need at preferential prices. This is the result of Asian-based imports where cutting costs helps Wal-Mart sell at the lowest prices possible thus being able to serve all classes of the

Critical Thinking Answer The two recognition and reward programs that I would like to participate are Employee attendance and employee empowerment. Based on an employee attendance reward, it makes the company feels s/he cares about his or her job. Also it helps the employee protect his or her job. However, the employee empowerment makes the employee feels s/he has been trusted by the organization.

Reading Assignment #6 1. In order to keep top performers satisfied and productive, Steve Bates argues, there should be a substantial difference in the variable pay or merit- based salary increases that top performers and poor performers receive. Based on available research the increase needed to catch “anybody’s attention” should be a seven percent or eight percent increase in compensation. It also states that anything below that might be welcomed, but will not lead to substantially greater effort on the part of employees to increase business results.

Just like in any business the primary goal is to make a profit so as associates our job is to help customers in the most efficient way possible. Picking up after careless customers that move around the products from shelf to shelf. Running freight of our hottest commodities off a truck that worked its way across the country in a matter of hours. Darting around the sales floor as swiftly as possible to fulfill customers’ needs to ensure that they come back. These are just a few of the stand out things that make hard working associates so valuable to Walmart.

It is also efficient, calculated, predicted and controlled. A bit different from the McDonald, Walmart has divided into three parts,which are above store managers,in-store managers and in-store hourly

EMPLOYEE RECOGNITION Employee recognition is the timely, informal or formal acknowledgement of a person’s or team’s behavior, effort or business result that supports the organization’s goals and values, and which has clearly been beyond normal expectations. Appreciation is a fundamental human need. Employees respond to appreciation expressed through recognition of their good work because it confirms their work is valued. When employees and their work are valued, their satisfaction and productivity rises, and they are motivated to maintain or improve their good work.

To me the pay rate was unfair for the job duties that came with the job. We had to work when it snowed and everyone else called out only 3 other co-workers and I showed up. The other 3 only showed up because our manager went and picked them up due to the icy roads. Also during our shifts during the winter and summer we had to get the shopping carts. During harsh weather like freezing rain and when it was 105 degrees outside.

However, a cheaper alternative would be to sincerely hold workers’ appreciation day every year. Workers of exemplary performance would receive employee benefits in the form of paid leave or extra percentage of wages for the year. A more effective method is to tie the workers’ wages with the performance of the company. Showing appreciations to the workers would effectively build the motivations of the workers. While tying their wages with the company’s performance would improve their efficiency.

Task 3.2 Evaluate the process of job evaluation and other factors determining pay Job evaluation Job evaluation is a formal process by which the relative worth of various jobs in an organisation is determined for pay purposes. A systematic comparison of the worth of one job with that of another eventually results in the creation of a wage or salary hierarchy unique to the organisation. Essentially, job evaluation relates the amount of pay for each job to the extent to which the job contributes to the organisation’s effectiveness. It is not always easy to determine the worth of all jobs in an organisation. Job evaluation involves making judgments that are subject to error on the part of job evaluators.