Why Is Walmart Good Or Bad For Consumers
Wal-Mart Good or Bad for Consumers?
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Customer Inserts Grade Course
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31st May 2013.
Outline
Introduction 2
Up Against Wal-Mart: Wal-Mart Inc perceived to be bad for the consumers 2
Progressive Wal-Mart: Good for the consumers 5
Conclusion 6
Introduction
Wal-Mart Inc is regarded as the universally leading retail outlet with over a million workers. Ever since its incorporation in the fiscal 1945 under Walton Sam tenure, Wal-Mart has been the leading private corporation having 3,372 stores and generating revenues equivalent to $220 billions …show more content…
As drawn from Olsson’s article, the firm appears to employ a façade strategy by setting work pay limits that are never adhered to (Olsson, 2003). Wal-Mart set wage rates that appear like a mere joke since even the low class consumers in America cannot live on such paychecks. Wal-Mart financial reports indicate that those employees who deem themselves as better-paid managers earn annual payment equivalent to $18,000. This may seem a worthwhile pack for the unemployed individuals. The fact is that, out of such a meager pay the firm deducts $85 from the biweekly paycheck, which amount to $550. Besides, according to Olsson (2003), many employees who are also Wal-Mart products consumers still go without the health indemnity cover, and hence rely on the …show more content…
However, they are adequately smaller as compared to Wal-Mart Inc employees’ take-home pay suppressions. It is apparent that this company has caused a major annual remuneration loss for all retail human resources. The figure of $4.7 billion retail earnings loss for the workforce should not be disputed for a company that sealed $6.6billion profits at the expense of the crying employees (Britt, 2010). It is upsetting to argue that Wal-Mart employees who are deemed the victims of the antagonizing working conditions have higher purchasing powers due to the low cost commodities. In essence, the worrying trends in handling the employees only comes out clear in the fact that Wal-Mart’s staff work additional hours voluntary. Despite this, their fellows in other retail stores enjoy the accruing benefits from additional jobs done (Mallaby, 2005). Therefore, regardless of such productive moves by the company, Mallaby’s assertions that Wal-Mart progressive health system caters for the employees to receive enhanced healthcare is not feasible. In fact, the company has fostered unhealthy business environment, which generally affects the purchasing power of all
Customer Inserts Name
Customer Inserts Grade Course
Customer Inserts Tutor’s Name
31st May 2013.
Outline
Introduction 2
Up Against Wal-Mart: Wal-Mart Inc perceived to be bad for the consumers 2
Progressive Wal-Mart: Good for the consumers 5
Conclusion 6
Introduction
Wal-Mart Inc is regarded as the universally leading retail outlet with over a million workers. Ever since its incorporation in the fiscal 1945 under Walton Sam tenure, Wal-Mart has been the leading private corporation having 3,372 stores and generating revenues equivalent to $220 billions …show more content…
As drawn from Olsson’s article, the firm appears to employ a façade strategy by setting work pay limits that are never adhered to (Olsson, 2003). Wal-Mart set wage rates that appear like a mere joke since even the low class consumers in America cannot live on such paychecks. Wal-Mart financial reports indicate that those employees who deem themselves as better-paid managers earn annual payment equivalent to $18,000. This may seem a worthwhile pack for the unemployed individuals. The fact is that, out of such a meager pay the firm deducts $85 from the biweekly paycheck, which amount to $550. Besides, according to Olsson (2003), many employees who are also Wal-Mart products consumers still go without the health indemnity cover, and hence rely on the …show more content…
However, they are adequately smaller as compared to Wal-Mart Inc employees’ take-home pay suppressions. It is apparent that this company has caused a major annual remuneration loss for all retail human resources. The figure of $4.7 billion retail earnings loss for the workforce should not be disputed for a company that sealed $6.6billion profits at the expense of the crying employees (Britt, 2010). It is upsetting to argue that Wal-Mart employees who are deemed the victims of the antagonizing working conditions have higher purchasing powers due to the low cost commodities. In essence, the worrying trends in handling the employees only comes out clear in the fact that Wal-Mart’s staff work additional hours voluntary. Despite this, their fellows in other retail stores enjoy the accruing benefits from additional jobs done (Mallaby, 2005). Therefore, regardless of such productive moves by the company, Mallaby’s assertions that Wal-Mart progressive health system caters for the employees to receive enhanced healthcare is not feasible. In fact, the company has fostered unhealthy business environment, which generally affects the purchasing power of all