WAL-MART By Mark Leahey.

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Presentation transcript:

WAL-MART By Mark Leahey

Outline Background Staffing/ Retention Compensation (Executive, Employee) Benefits (Retirement, Healthcare) Diversity and Discrimination Labor Relations Workers Compensation

Background Founded 1962 $405 billion in sales $13.6 billion in NI Employs 2.1 million associates Competition: Target, Kmart, ShopKo

Staffing/ Retention Created 22,000 jobs in 2009 Turnover rate in 2009 = 70 % Industry average = 30 %

Employee Compensation

Executive Compensation Lee Scott (CEO in 2009) Base Pay: $1,456,000 Restricted Stock: $4,750,000 Performance Shares: $14,250,000 Total Compensation: $29,717,918

Healthcare/ Other Benefits Mini-med Pay out-of-pocket maximum; 53 % of income Health plans only cover 50.2% of employees $4 prescriptions, 24-hour nurse line Long time to qualify for benefits

Retirement Programs Contributes 2% of associates pay to profit sharing plan and 401(k) On average, employee received $517 a year or a paltry $1.42 per day 23% of total retirement contributions to salaried employees

Diversity and Discrimination EEO statement 2006 shows diversity Hispanic Business Magazine –4th out of top 60 most diverse Dukes vs. Wal-Mart Stores, Inc Represents 1.6 million current and former employees

Labor Relations Wal-Mart = Anti-union? What does CEO say? Opposes Employee Free Choice Act In 2005, two labor unions criticize Wal-Mart “Wake Up Wal-Mart” “Wal-Mart Watch”

Workers Compensation Order issued by Washington Department of Labor and Industries Investigations in Washington, California, Maine Will fight through every step of legal process, even though compensation is deserved

Overall Impressions Would I work for Wal-mart? Absolutely not! Poor retention rate Sub-par benefits Compensation very low for hourly employees Discrimination Workers’ Compensation a serious issue

Works Cited "Benefits." Walmart. Web. 2 Mar 2010. <http://walmartstores.com/careers/7750.aspx>. "Dukes Vs. Wal-Mart Stores, Inc." Find Law. Web. 3 Mar 2010. <news.findlaw.com/nytimes/ docs/walmart/dukeswmart62104ord.pdf>. "EEO-1 Data." Web. 2 Mar 2010. <walmartstores.com/download/2676.pdf >. "Investors." Walmart. Web. 2 Mar 2010. <http://investors.walmartstores.com/ phoenix.zhtml?c=112761&p=irol-irhome>. Mazzucchi, Robert. "Positive Point: Walmart Woes." Web. 2 Mar 2010. <www.redbluffdailynews.com>. "More of the Same." Web. 2 Mar 2010. <http://action.walmartwatch.com> "Pay Scale." Web. 2 Mar 2010. <http://www.payscale.com/research/US/Employer=Wal- Mart_Stores,_Inc/Hourly_Rate>. "Sexual Discrimination Against Women." Online Lawyer Source, Web. 3 Mar 2010. <http://www.onlinelawyersource.com/sexualdiscrimination/women.html>.

Works Cited Continued "The Real Facts About Walmart." Wake Up Walmart. Web. 1 Mar 2010. <http://wakeupwalmart.com/facts/>. “Walmart”. Wal-Mart Stores, Web. 2 Mar 2010. <walmartstores.com>. "Wal-Mart A Proven Diversity Leader." Hispanic Business. Web. 3 Mar 2010. <http://www. hispanicbusiness.com/news/2009/9/16/walmart_a_proven_diversity_leader.htm>. "Wal-Mart to create 22,000 jobs in 2009." MSNBC. MSN, Web. 2 Mar 2010. <http://www.msnbc.msn.com/id/31100982/ >. "Wal-Mart's Scott: We're Not "Anti-Union"." Business Week. Web. 2 Mar 2010. <http://www. businessweek.com/bwdaily/dnflash/sep2005/nf20050923_8061_db049.htm>. "Wal-Mart Stores, Inc." Web. 3 Mar 2010. <http://en.wikipedia.org/wiki/Wal-Mart>. "Workers' Compensation and Wal-Mart." Wal-Mart Watch. Web. 3 Mar 2010. <http:// walmartwatch.com/img/blog/workers_compensation.pdf>.

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