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WAL-MART By Mark Leahey
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Outline Background Staffing/ Retention
Compensation (Executive, Employee) Benefits (Retirement, Healthcare) Diversity and Discrimination Labor Relations Workers Compensation
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Background Founded 1962 $405 billion in sales $13.6 billion in NI
Employs 2.1 million associates Competition: Target, Kmart, ShopKo
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Staffing/ Retention Created 22,000 jobs in 2009
Turnover rate in 2009 = 70 % Industry average = 30 %
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Employee Compensation
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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
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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
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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
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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
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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”
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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
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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
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Works Cited "Benefits." Walmart. Web. 2 Mar < "Dukes Vs. Wal-Mart Stores, Inc." Find Law. Web. 3 Mar <news.findlaw.com/nytimes/ docs/walmart/dukeswmart62104ord.pdf>. "EEO-1 Data." Web. 2 Mar <walmartstores.com/download/2676.pdf >. "Investors." Walmart. Web. 2 Mar < phoenix.zhtml?c=112761&p=irol-irhome>. Mazzucchi, Robert. "Positive Point: Walmart Woes." Web. 2 Mar 2010. < "More of the Same." Web. 2 Mar < "Pay Scale." Web. 2 Mar < Mart_Stores,_Inc/Hourly_Rate>. "Sexual Discrimination Against Women." Online Lawyer Source, Web. 3 Mar 2010. <
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Works Cited Continued "The Real Facts About Walmart." Wake Up Walmart. Web. 1 Mar 2010. < “Walmart”. Wal-Mart Stores, Web. 2 Mar <walmartstores.com>. "Wal-Mart A Proven Diversity Leader." Hispanic Business. Web. 3 Mar < 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. < >. "Wal-Mart's Scott: We're Not "Anti-Union"." Business Week. Web. 2 Mar < businessweek.com/bwdaily/dnflash/sep2005/nf _8061_db049.htm>. "Wal-Mart Stores, Inc." Web. 3 Mar < "Workers' Compensation and Wal-Mart." Wal-Mart Watch. Web. 3 Mar < walmartwatch.com/img/blog/workers_compensation.pdf>.
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