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Scooped by Deb Nystrom, REVELN
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Competitiveness Talks: Walmart plans to give raises to 40% of its workers

Competitiveness Talks:  Walmart plans to give raises to 40% of its workers | Change Leadership Watch | Scoop.it
Walmart is planning to give 40% of its employees pay raises.

 

As part of its biggest investment in worker training and pay ever, Walmart told The Associated Press that within the next six months it will give raises to about 500,000 workers, or nearly 40% of its 1.3 million U.S. employees.

Walmart follows other retailers that have boosted hourly pay recently, but because it's the nation's largest private employer, the impact of its move will be more closely watched.
 

...At the same time, competition for retail workers is becoming increasingly stiff. As shoppers get more mobile savvy, retailers are seeking sales staff that's more skilled at customer service. But in the improving economy, the most desirable retail workers feel more confident in hopping from job to job.

   

Wal-Mart's plans [include]:
    

  • [Raise] entry level wages to at least $9 an hour in April and to at least $10 an hour by February of next year. ...Sam's Club locations will offer a starting hourly wage of at least $9.50 or higher in all markets, and at least $10.50 by next year.
         

  • Raise the floor and ceiling of its pay range for each position in most stores. For example, the pay range for cashiers is $7.65 to $16. The new range will be $9.00 to $17.55.
          

  • Raise the starting wage for some department managers to at least $13 an hour by this summer and at least $15 an hour by early next year. 

As for all Scoops, click on the photo or title to see the full article.

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Deb Nystrom, REVELN's insight:

From the article, it sounds like Walmart, the organization that is so huge, it impacts the entire US economy, is open to advice from their advisers.  Those include Ed Lazear, a Stanford University economics professor, who said, "It's positioning itself to be competitive."  "This is a step in the right direction."
  
So they help their poor image and become more competitive, as the labor market rebounds.   ~  Deb

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New Approaches on the Fed Fast Track: Did Charles Evans Save the Recovery?

New Approaches on the Fed Fast Track: Did Charles Evans Save the Recovery? | Change Leadership Watch | Scoop.it
Chicago Fed president Charles Evans has gone from dissenter to intellectual leader in just a year. The future of the recovery might be at stake
Deb Nystrom, REVELN's insight:

When a post features statements like this, " just a year later, the Fed has fully embraced the so-called Evans rule by linking interest rates to the unemployment rate." - it's time to take notice of what captured minds, as well as hearts and the hands on the wheel of interest rates change."  ~  D

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It's Not Just Nice to Share, It's the Future: Blue Bikes in the Cities

It's Not Just Nice to Share, It's the Future:  Blue Bikes in the Cities | Change Leadership Watch | Scoop.it

With collaborative consumption — the growing new economy based on access instead of ownership —you don’t have to buy a bike, car, prom dress, DVD, or chainsaw. You rent it or swap for it.

...collaborative consumption is a way to live light, waste less, to protect the environment, to create and associate with a community of like-minded people. But it’s not just a phenomenon of the hip. For everyone, it’s a way to de-clutter and save money. 


Related posts by Deb:





Photo credit:  by edwardhblake

NOTE:  The Flickr Creative Commons is terrific photo sharing to help illustrate this ScoopIt.
Deb Nystrom, REVELN's insight:

I first saw the blue bikes in the St. Paul, MN area.  That this discussion and event is happening in NYC may also be a sign of city health returning.  ~

Nassim N. Taleb, the author of Black Swans and Anti-Fragile, specified bikes as an example of something "anti-fragile," or something that improves with some abuse.  In this example, I can see why with a more systemic look. at access to bikes.  ~   D

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