Hrm Strategies of Walmart

Only available on StudyMode
  • Download(s) : 294
  • Published : July 4, 2012
Open Document
Text Preview
University of Salford
Salford Business School

Course: MSC Management

Module title: Human Resource Management

TITLE OF ASSIGNMENT: Human Resouce Strategy of Wal-Mart inc

Name: Agbasimelo E. Ifeanyi

Roll no: @00316215

Instructed by: Abdoulie SALLAH

Table of Contents

Table of Contents (This page)------------------------------------------------------------------------2

1.0 Introduction------------------------------------------------------------------------3

2.0 Wal-Mart Human resource strategy------------------------------------------------------------------------4

2.1 Recruitment and selection------------------------------------------------------------------------4

2.2 Training and development ------------------------------------------------------------------------6

2.3 Employee motivation and Reward / benefits ---------------------------------------------------------7

2.3.1 Financial benefits ------------------------------------------------------------------------8

2.3.2 Health and awareness benefits ------------------------------------------------------------------------8

2.4 Performance management --------------------------------------------------------------------------9

3.0 Challenges faced by the human resources -----------------------------------------------------------------9

4.0 Recommendations to overcome these challenges -----------------------------------------------------10

1.0 INTRODUCTION
Human resource management according to Wilton (2011) in his book “an introduction to human resource management” is a phrase used to illustrate all those organizational activities privy with recruitment and selection, designing work for, training and developing, appraising and rewarding, directing, motivating and controlling workers. It involves all management decisions and action that affect the nature of the relationship between the organization and its employees – its human resources. (Beer et al, 1984).

With an increasing shift from product based industries to service based industries, Human resource now represents a large proportion of many businesses cost and it is the people that invariably drives a business (Eukhost, N.D). management of these resources therefore is a very important if an organization in achieving its objectives. They are responsible for * Reduction of absenteeism

* Motivation of staff
* Promoting team work
* Recruitment and selection
* As well as training and development of staffs, (Eukhost, N.D). * Maintain a low employee turnover rate.

. This paper looks at the human resource strategy of Wal-Mart in America, existing challenges faced by Wal-Mart in implementing its HR strategy and how political, economic, social, technological and legal factors are affecting the implementation process. Then make recommendations for overcoming such challenges. Wal-Mart Stores is the largest retailer in the world. “In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year. The company was founded by Sam Walton in 1962” (Mkkasr 2010). “It started with a single store in Arkansas and has grown to what is now the world’s largest and arguably, the most emulated retailer, some researchers refer to Wal-Mart as the industry trendsetter” (Loria, 2009). With the headquarters in Bentonville, they are the largest private employer and the largest grocery retailer in the united states. With four operating units Wal-Mart Stores, Supercenters, Sam's Clubs and Bud's discount stores (Shakespeare, 1996). They have more than 8500 stores in 15 countries, Wal-marts international arm extend to the United Kingdom, Mexico, Canada, Germany, Guatemala, Puerto Rico,...
tracking img