Walmart The Human Resource Department - 1285 Words

Sam Watson the founder of Walmart once said â€Å"our people make the difference†. Walmart understands the importance of its human resource department. Its employees deal directly with its customers and this has an influence on the success of Walmart. The objectives and corporate goals of Walmart are cost reduction, saving money for on goods for its customers to live better and the acknowledgement that their success to a great extent depends on their employees. The human resource functions that Walmart has put in place to be in line with its business objectives are its retention programs/strategies, internal promotion and career development and compensation. Walmart is an American multinational retail corporation that has chains of large†¦show more content†¦Over the years, the human resource department of Walmart has broadened its traditional human resource functions of recruiting, training, employee welfare to accommodate functions that have to do with Walmart’s corporate goals and, thus aligning the human resource function with its business objectives. These functions are retention programs, internal promotion and career development and compensation. Sam Watson, the founder of Walmart placed so much value on his employees that he called the Walmart human resource department the people division instead of the human resource department. The employees are called associates rather than being known as employees. This gives a sense of belonging to he employees. One of the functions that help channel Walmart towards its corporate goals is its retention program. Walmart as a company suffers from relatively high employee turnover especially from among hourly sales employee (Thompson). The retention program is geared towards retaining the employees that Walmart already has. This is done by recognising the efforts of excellent staffs, by awarding bonuses to deserving staffs based on business performance, although this strategy is used for managerial positions (Thompson). It also includes promotions and training development to support the company human resource needsShow MoreRelatedOrganizational Structure991 Words   |  4 PagesOrganizational Structure: Walmart Michele Hileman MGT/230 June 15, 2015 Opening its doors in Rogers, Arkansas, Walmart started a profitable business in 1962. The founder, Sam Walton, could never have envisioned where his company would be in the present. Earning approximately $30,000 in 1962, Walmart has evolved into a multibillion dollar company earning over $15 billion in 2011 (Walmartstores.com, 2012). This evolution could not have come without careful planning, strategic implementationRead MoreWalmart Ethics Paper1336 Words   |  6 Pagesï » ¿ Walmart Manages Ethics and Compliance Challenges Regina Fernanders Professor Ziegler Ethics and Advocacy for HR Professionals April 26, 2015 Walmart Manages Ethics and Compliance Challenges Examine the manner in which Walmart’s business philosophy has impacted its perception of being unethical towards supply and employee stakeholders. Provide one example of Walmart in an unethical situation. Wal-Mart stores, Inc. is the world’s largest retail enterprise. It is also the world’s largestRead MoreWalmart : An American Multinational Retail Corporation Essay1358 Words   |  6 PagesWalmart is an American multinational retail corporation that sells anything from cleaning supplies to dinner. The variety of merchandise in the store is never ending, where many different brands compete to sell the number one product. The first ever Walmart was created in Rogers, Arkansas in 1962 by Sam Walton. Sam wanted to create a store that was affordable for everyone and created the company’s official purpose of, â€Å"If we work together, we ll lower the cost of living for everyone...we ll giveRead MoreWalmart s Liquidity Ratios Is A Positive And Steady Proje ction Of The Ratio Values Essay877 Words   |  4 Pagesthus, the company is placed fairly to support its operational activities. The asset turnover percentage remains steady at 2 % meaning that fewer assets are not properly managed, the company is able to support its day-to-day activities (Stock, 2014). Walmart has enough assets within the company to reach that can be used to take care of the immediate financial obligations (Stock, 2014). The debt ratio of the company is set below the 5 % mark for a substantial period of time. This means that the companyRead MoreOrganizational Analysis. Walmart. Walmart Is A Multinational836 Words   |  4 PagesOrganizational Analysis Walmart Walmart is a multinational retail corporation that operates as a chain of hypermarkets, discounted department stores, and grocery stores. Founded by Sam Walton in 1962, the company is headquartered in Bentonville, Arkansas. â€Å"Within 14 years of opening its first supercenter (stores selling both general merchandise and a full line of groceries) in 1988, Walmart became the largest grocery retailer in the United States and the first truly national grocery chain† (MatsaRead MoreWalmart : An American Multinational Retail Corporation962 Words   |  4 PagesWalmart Case Write-up Walmart, is an  American  multinational retail corporation  that operates a chain of  discount department stores  and  warehouse stores. Every company successes for a reason. In my opinion, Walmart’s resources and capabilities as follows: It has strong tangible resources and capabilities. First, financial resources and capabilities. It is the  world s largest company by revenue, and the  largest retailer in the world. Walmart is a family-owned business, as the company is controlledRead MoreWalmart : An American Multinational Retail Corporation962 Words   |  4 PagesWalmart Case Write-up Walmart, is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores. Every company successes for a reason. In my opinion, Walmart’s resources and capabilities as follows: It has strong tangible resources and capabilities. First, financial resources and capabilities. It is the world s largest company by revenue, and the largest retailer in the world. Walmart is a family-owned business, as the company is controlledRead MoreWalmart Corporation s Labor And Employee Relations1700 Words   |  7 PagesIntroduction As stated on the corporate website (2017), â€Å"Walmart is the largest retailer in the world, where 2.3 million associates meet the needs of more than 260 million customers every week.† These numbers are huge, and with so many locations around the globe, they have had allegations been made by employees regarding their dissatisfaction about poor work conditions, gender discrimination, low wages, poor benefits, and inadequate health care. Walmart has been criticized for its policies against laborRead MoreCompetitive Advantage Vs. Competitive Strategy1514 Words   |  7 PagesQuantifying Walmart s Sources Of Advantage. Strategic Entrepreneurship Journal 9.1 (2014): 12-33) Michael Porter (1985) defines that there are eight distinctive categories for generic discount retail business model: 1. Pricing. Retailers decide the prices of their merchandise 2. Pressure on Vendors. Retailers determine how much pressure to apply on vendors to gain favorable conditions. 3. Investment in technology. Retailers might integrate the recent technologies in their processes. 4. Human resourceRead MoreInformation System of Walmart899 Words   |  4 PagesWalmart is a billion dollar retailing machine. Through the decades, Walmart has combined many different types of information systems in to their day to day operations. Walmart is known around the world for their continuous improvements and implementation of new information systems to remain on top of the retail industry. The information systems used by Walmart play a major role in their continued success. With their use of Radio Frequency Identification (RFID), Walmart is able to send and receive