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Monday, February 25, 2013

Walmart

Over the past few years, Walmart has been extremely busy. Walmart has redesigned the layout of their stores, expanded in the US and abroad, been sued by countless employees and earlier this year, announced a new CEO. Mike Duke took the helm at Walmart in February, aft(prenominal) the announcement of Lee Scott’s retirement (Faber, 2009). Duke had worked at Walmart for legion(predicate) years and was previously the VP of Walmart International (Faber, 2009).

After accusations about its value and practices, Walmart hired global PR firm Edelman in 2005 to sack up its tainted image (Faber, 2009). However, their reputation took more of a hit in 2007. In a speech to the unify Food and Commercial Workers (UFCW), Barack Obama announced I dont mind stand up for workers and letting Walmart know they need to pay a decent wage and let folks organize.” (Gruenberg, 2009, para.16)

The wages Walmart pays its employees has evermore been a large source of criticism. The average pay of a Walmart associate is $10.86 an hour (Faber, 2009). Walmart’s CEO Mike Duke claims that Walmart is an effective operation (Faber, 2009). Increasing wages means that prices would have to go up to keep their profit level. Increasing prices means that they depart lag customers.

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Therefore, they refuse to increase wages because they will lose customers (Faber, 2009). Of all first year associates, 50% leave their jobs at Walmart due to low pay and high healthc ar be (Faber, 2009).

82% of Walmart workers are eligible for healthcare coverage, however all about 50% are actually insured (Faber, 2009). Employees state that they cannot afford the coverage, the high deductibles and provide for their families on the wages they are earning (Faber, 2009). In July, Walmart announced its support for employer mandated healthcare (Codon, 2009, para.1). Some critics are questioning Walmart’s motives for their support of the program. Many believe that Walmart views employer mandated...If you hope to get a full essay, order it on our website: Orderessay



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