Wal Mart Employee Retention Essay

1547 words - 7 pages

|
Wal-Mart Employee Retention
|
What can be change? |

5/3/2013

Contents
Abstract 2
Introduction 2
Factors that make employees leave and organization 3
Factors that can retain employees within an organization 4
Wal-Mart 4
Strategies to help with Retention 6
Conclusion 7
References 8

Abstract
Employees are valuable assets and retaining employees can be challenging and is a critical issue. Employee retention is a very important part of any organization. There are many problems that cause the turnover rate in the Wal-Mart organization to be very high. This document will show the different factors that cause the turnover and why they leave to seek ...view middle of the document...

* An employee that resigns will more than likely join the competitor.
* Employees that have been with the company for a long time are familiar with policies and will perform better than someone who frequently changes jobs.
* Every individual will need time to adjust to others; however a company benefits when employees are compatible with each other and are able to collaborate together.
* Long-term employees show loyalty to management and organization.
* A Valuable employee needs to be retained to help improve the organization.
Not having a good retention plan in place to keep the current, new or to attract new employee’s leaves room for disaster within an organization. Employees are the lifeline of the organizations that made it successful and profitable. The major asset in any organization is the employees and without them the organization wouldn’t exist.
Factors that make employees leave and organization
Most employees will leave an organization for many reasons. Some will leave due to frustration or constant misunderstandings between superiors or other co-workers. Here are some other reasons that make employees resign from an organization:
* No growth opportunities
* Lack of appreciation
* Lack of trust and support
* Stress from overwork
* Compensation
* New Job offers
* Job is not what employee expected (Chhabra)
Factors that can retain employees within an organization
When an individual seek employment they look for several key factors that will attract them to join an organization. Stability is the number one factor according to forbes.com following compensation, health benefits, respect, and a work-life balance. Other factors that can play a role are:
* The credibility of the organization
* Good Culture
* Talent utilization and Job Satisfaction
* Good Succession Plan
Wal-Mart
One of the many organizations that face employee retention problem is Wal-Mart. Wal-Mart is a multinational organization that currently has the most employees than any other organization in the United States besides the Federal government. Wal-Mart is ranked to be one of the best 100 companies to work for according to the Forbes magazine. However, most of their employees that have children live in poverty level and the average take home pay is about $250 a week. This company has face many problems with its employees such as the health insurance are overpriced, the working conditions, the relationship between the employer and employee are unfavorable and has been accused of doing some horrible things in the past. Wal-Mart has a very high turnover rate that affects the organization. Their annual turnover rate in 2012 is about 70 percent. Wal-Mart stores have had turnover rates as much as 85 percent to 104 percent compared to the retail industry of only being an average of 34.7 percent in 2006. That is very high especially for one of the largest organizations out there. With...

Other Papers Like Wal-Mart Employee Retention

Database Design Essay

633 words - 3 pages fourth component of the database system. The user employs database applications to keep track of things. They use forms to read, enter, and query data, and they also produce reports. These four components allow the database system to work properly. How does Wal-Mart use its Database System? Wal-Mart is the largest retail company in the world. It needs to keep track of employee data, sales data, inventory data, profit data, and many other

The Evils of Wal-Mart Essay

1216 words - 5 pages employees, regardless of race are struggling to makes ends meet.) III. The largest retailer in the world can afford to pay its employees? A. The majority of Wal-Mart employees with children live below the poverty line. i. Average pay for a Wal-Mart employee is under $250 a week. ii. Full-time employees make on average $6 to $7.50 an hour for 28-40 hours a week, keeping them below the poverty line if they have

Walmart, Corporate Social Responsibility

880 words - 4 pages careers. This is important in today's struggling economy. The company has adjusted its employee roles worldwide to better define career paths. In addition, Wal-Mart works to empower women globally, a hot topic as women continue to strive for equality. Wal-Mart works to reduce environmental impact of its operations. A current issue is definitely sustainability as the developed world focuses on cleaner energy and concern about the future of our

Wal-Mart

1264 words - 6 pages you need in one place. This helps people to drive around less. It can also be seen in the ads to roll back prices and meet the competitor’s prices; this allows people to save money (Wal-Mart, 2012). Without people to sale to, they will not make any profit. The people are also the employees who sale the product. Imagine if you will, you go into Wal-Mart to buy Ice Cream, and you have a specific brand in mind. You ask an employee where to find the

Labor Relations

1588 words - 7 pages billion. I presented this history to pose the following questions: Why are many of the employees at Wal-Mart uninsured? Secondly then, Why are those employees that are insured, insured by state funded programs? The purpose of this research paper was to investigate the current employee conflict with the healthcare provided at Wal-Mart stores

The Marketing Environment: Wal-Mart Corporation

1666 words - 7 pages constitutes about 10% of the total U.S trade deficit with China. In 2004 60% of products sold at Wal-Mart were imported to the U.S from other countries. Health Care and employee benefits are so big it's even gotten the attention of State Legislators. A judge in Maryland overturned a law in Maryland that required Wal-Mart to provide more health-care coverage for its employees. In 2006 Maryland originally passed a bill requiring all corporations with

Walmart Negative Effect

2424 words - 10 pages in the best interest of the company to take over an entire competitive landscape. Additionally, it would be in the best interest of the company to keep employee wages low to ensure that c-level staff and shareholders are paid generously. Part 2: Effect on Local Population With $405 billion in sales in the year 2010, Wal-Mart is so big, and so obsessively focused on cost-cutting. (Prospect, 2011). Wal-Mart actions shape the community

Organizational Culture Analysis

1720 words - 7 pages employee will be more productive. Espoused Values of Walmart Culture consist of an organizations shared values and assumptions (Baack, 2012). Wal-Marts shared values low prices, listening to employee ideas, and equality. Wal-Mart associates strive for excellences and to treat customers with respect (About Us, n.d.). Wal-Mart’s shared values include “rollback the price” signs on display stands, and team cheers after a meeting. Wal

Organizational Culture Analysis

1705 words - 7 pages customer, they are to have eye contact with the guest and ask if they can help the guest. This causes customers to know that Wal-Mart cares about them and their associate are assessable when they need them. This impacts the culture by making the associate feel important and needed as well. An empowered employee will be more productive. Espoused Values of Walmart Culture consist of an organizations shared values and assumptions (Baack

Environmental Factors Paper

1649 words - 7 pages this and does not employ individuals to greet people at the door, nor do they have people to collect carts or bag the groceries. Germans do however feel as though their time is important; therefore, Wal-Mart ensures that each cash register has an employee at it at all times. The Wal-Mart in China carries a larger selection of unpackaged fresh meat and fish than many of the other Wal-Mart stores around the world. This is because the

Walmart International Expansion

831 words - 4 pages , Wal-Mart needed to continue to make their US employees satisfied. With Wal-Mart’s aggressive stock purchasing programs, this meant that employee satisfaction was directly correlated to their stock prices. Walmart also realized that there were many emerging markets with lower levels of disposable income, which offered a large potential for discount retailers. (Govindarajan, par. 7) Therefore, Wal-Mart’s only option to achieve the growth

Related Essays

Walmart Cast Study Essay

544 words - 3 pages they can when it can reduce the cost structure of its business model. Examples such as "off clock work" are not only present at wal mart, but could also be considered an industry wide issue. In any setting in which a time clock records the number of hours worked by an employee, there is always the opportunity to abuse the system. While an innocent request such as "can you tidy up that shelf before you leave" may not have any cost impact, Wal

Business Ethics Essay

545 words - 3 pages Wal-Mart: But We Do Give Them a 10 Percent Employee Discount Case Summary Wal-Mart stirs a lot of emotions from many people. People either love or hate the store and its influence has significantly impacted global retailing. Wal-Mart’s very simple strategy of Everyday Low Prices drives every single decision at Wal-Mart. As a result, payroll expenses are always monitored and evaluated, especially with close to 1.5 million employees

Walmart Stores Inc Essay

1292 words - 6 pages over vendors by establishing “asymmetric bargaining power” from the largest of vendors and companies to the smallest—its biggest supplier only representing about 3% of Wal-Mart’s total sales. Because of this power, Wal-Mart is able to achieve lower vendor margins—“anywhere from 5% to 25% lower for identical goods” offered at competitors. Wal-Mart also leveraged its power to impose other requirements such as policies on employee hours

Evaluation Of A Business Ethics Essay

1630 words - 7 pages individual. Wal-Mart has a set of policies that provide guidance to an associate for whatever country they are working. Wal-Mart clearly states in the Statement of Ethics that the local policies and laws must always be followed. Every employee has a basic obligation to the customers, co-employee, directors, and stakeholders by following the rules and understanding the Codes of Ethics set by Wal-Mart. Any concerns and issues are encouraged to be