3.0 QUESTION 1
What financial impact do you think the lawsuit could potentially have on Wal-Mart? Do you think the women deserve to win their lawsuit? What is the outcome of the case cost Wal-Mart so much it had to lay off thousands of its workers and close stores?
Answer:
The first financial impact is Wal-Mart need to pay back and compensate for all female employees against whom Wal-Mart discriminated. This would cost the company a fortune because these female workers were entitled to promotions, salary increment, training and other things. The financial position of Wal-Mart will be greatly affected since the company needs to spend a huge amount of money to compensate and reimburse. Secondly, the reduction of transaction and sales that caused by the lawsuit could affect company …show more content…
Do you believe those complaints are justified? Why? Wal-Mart said that the case should not be heard as a class-action, but that each woman should be considered individually and an individual determination should be made regarding whether she specifically was discriminated against by Wal-Mart because each woman’s situation is different. Do you agree? …show more content…
Among the results, Drogin found that it took more time for women to ascend to a management position, at an average of 10.12 years since the date of the first hire, as opposed to 8.64 years for men. In general, women make up 92% of Wal-Mart’s clerks, yet just 14% of store management. The average proportion of women managers in the nation’s 20 biggest retail stores is 20% higher than at Wal-Mart. Women employees are being compensated unfairly compared to male
What financial impact do you think the lawsuit could potentially have on Wal-Mart? Do you think the women deserve to win their lawsuit? What is the outcome of the case cost Wal-Mart so much it had to lay off thousands of its workers and close stores?
Answer:
The first financial impact is Wal-Mart need to pay back and compensate for all female employees against whom Wal-Mart discriminated. This would cost the company a fortune because these female workers were entitled to promotions, salary increment, training and other things. The financial position of Wal-Mart will be greatly affected since the company needs to spend a huge amount of money to compensate and reimburse. Secondly, the reduction of transaction and sales that caused by the lawsuit could affect company …show more content…
Do you believe those complaints are justified? Why? Wal-Mart said that the case should not be heard as a class-action, but that each woman should be considered individually and an individual determination should be made regarding whether she specifically was discriminated against by Wal-Mart because each woman’s situation is different. Do you agree? …show more content…
Among the results, Drogin found that it took more time for women to ascend to a management position, at an average of 10.12 years since the date of the first hire, as opposed to 8.64 years for men. In general, women make up 92% of Wal-Mart’s clerks, yet just 14% of store management. The average proportion of women managers in the nation’s 20 biggest retail stores is 20% higher than at Wal-Mart. Women employees are being compensated unfairly compared to male