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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. 

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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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Scooped by Deb Nystrom, REVELN
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Costco's Profit Soars As Low-Wage Competitors Struggle

Costco's Profit Soars As Low-Wage Competitors Struggle | Change Leadership Watch | Scoop.it
At a time when other retailers are struggling to get people into stores, Costco is enjoying a moment in the sun.



For its part, Costco, or at least many of its officials, would like to see the company's practice of paying employees well put into law. The company’s CEO, Craig Jelinek, said earlier this year that he supports President Barack Obama’s proposal to raise the minimum wage, even arguing that lawmakers should boost it to $10 per hour.



Deb Nystrom, REVELN's insight:

Membership fees and merchandising, two central parts of Costco's business model, are built upon good wages, an average of around $45K to Sam's Club $17K.  No wonder there are staffers at Costco that have been there over 5 years compared to the churn at other much lower wage competitors.   Henry Ford anyone?  ~  D

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