Wal-Mart Compensation and Benefits Changes

In: Business and Management

Submitted By smowens4
Words 3000
Pages 12
Wal-Mart’s Compensation and Benefits Challenges

Written by Alanna Warren
April 22, 2007
HRM-430

Table of Contents
Overview of Wal-Mart 3 Background 3 Retail Divisions 3 Awards and Recognitions 4 Challenges and Problems 5 Pay Gap 5 Health Benefits 6
Problems and Affects 8 High turnover rate 8 Lawsuits 8
Solutions 9 Lowes 9 Wendy’s 9
Recommended Strategy 10 Impediments 11 Impact on Wal-Mart and employees 11
Conclusion 11
Works cited 13

Overview of Wal-Mart
Background
Wal-Mart is currently the world’s largest retailer and largest corporation. Sam Walton founded the company in 1962 with the opening of the first store in Rogers, Arkansas (Time Line, 2007). Wal-Mart stores provide a variety of services and products for consumers. You can find anything and everything you need from a Wal-Mart store for your house. Today you can even get groceries from Wal-Mart Supercenters. It is like a one-stop shop for all the daily essentials. This makes it easier for consumers to get everything they need without having to go to more than one store. In 1969 the company became Wal-Mart Stores, Inc. (Time Line, 2007). Perhaps the most important year for Wal-Mart Stores, Inc was in 1970 because it was the first year their company stock was traded (Time Line, 2007). Another important turning point for them was in 1972 when they were added to list of companies on the New York Stock Exchange (Time Line, 2007).
Retail Divisions Over the years Wal-Mart has grown and come up with different types of stores for their consumers to shop at. The first store Wal-Mart opened was a discount store. Wal-Mart Discount Stores supply general merchandise to consumers. They carry everything from apparel, housewares, health and beauty to automotive and hardware, lawn and…...

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