Compensation and Benefits
Lenisha Henderson
HRM 430
December 13, 2015
DeVry University
Introduction Founded in 1962 by Samuel Walton, Wal-Mart is the largest discount retailer in the world. Wal-Mart is known for running small businesses out of businesses because of the lower prices they can offer. In the respective paper, the aim is to focus upon compensation and the benefits strategy of an organization. Wal-Mart is being identified as failing to pay fair wages and benefits to its employees. Because of these issues, Wal-Mart has been faced with a high turnover rate, which is evidence that it's employees, are unhappy. In a 2001 report, the average wage for Wal-Mart clerks was $8.23/hr., or $13,861 a year. The federal poverty …show more content…
It is unable to provide better wages or benefits to the workers for their hard work and dedication. The programs developed are not effective and leads to dissatisfaction amongst the workers. Wal-Mart's compensation program is not broad and all-inclusive in its scope and fails to meet the expectations as well. All that demands is to make sure that the check and control need to be formed upon on-going situations as well (Martin, 2008). The problem is severe and affects the working potential of the employees at its largest. There rests great necessity going for possessing stringent watch upon company's scope of bringing forth best possible amendments to the respective program. The problem is really terrible and can lead to adverse results. It becomes necessary for the company to handle the issue with due effectiveness. It must consider multiple strategies to help resolve the …show more content…
These are the key strategies that are actively considered in other organizations for their employee's betterment. Many a times, it is being observed that the workers are supported in their career and are helped to have growth and progress at their career levels (Kleynhans, 2006).
This is termed to be very profitable from the standpoint of having harmony and synchronization between the workers and the company's management. The success and failure of the company greatly depend upon the way employee's are treated and tackled. This implies that an organization can only be successful if the workers are happy and pleased with the persisting conditions. It aims more towards helping an organization generates greater growth and progress. Compensation programs should conform to growth and development of an organization to the best possible
Lenisha Henderson
HRM 430
December 13, 2015
DeVry University
Introduction Founded in 1962 by Samuel Walton, Wal-Mart is the largest discount retailer in the world. Wal-Mart is known for running small businesses out of businesses because of the lower prices they can offer. In the respective paper, the aim is to focus upon compensation and the benefits strategy of an organization. Wal-Mart is being identified as failing to pay fair wages and benefits to its employees. Because of these issues, Wal-Mart has been faced with a high turnover rate, which is evidence that it's employees, are unhappy. In a 2001 report, the average wage for Wal-Mart clerks was $8.23/hr., or $13,861 a year. The federal poverty …show more content…
It is unable to provide better wages or benefits to the workers for their hard work and dedication. The programs developed are not effective and leads to dissatisfaction amongst the workers. Wal-Mart's compensation program is not broad and all-inclusive in its scope and fails to meet the expectations as well. All that demands is to make sure that the check and control need to be formed upon on-going situations as well (Martin, 2008). The problem is severe and affects the working potential of the employees at its largest. There rests great necessity going for possessing stringent watch upon company's scope of bringing forth best possible amendments to the respective program. The problem is really terrible and can lead to adverse results. It becomes necessary for the company to handle the issue with due effectiveness. It must consider multiple strategies to help resolve the …show more content…
These are the key strategies that are actively considered in other organizations for their employee's betterment. Many a times, it is being observed that the workers are supported in their career and are helped to have growth and progress at their career levels (Kleynhans, 2006).
This is termed to be very profitable from the standpoint of having harmony and synchronization between the workers and the company's management. The success and failure of the company greatly depend upon the way employee's are treated and tackled. This implies that an organization can only be successful if the workers are happy and pleased with the persisting conditions. It aims more towards helping an organization generates greater growth and progress. Compensation programs should conform to growth and development of an organization to the best possible