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I think its great. While most employees at Walmart are considered disposable and paid like serfs, those who have been there for a while can make pretty good money, well over $20 an hour. I really would like to see other retailers do the Costco model, which is to pay, and retain, good employees.
I have not been in a Walmart for over 15 years, and have no plans to ever shop there. I shop at at Target when I need some things that are commonly found in both stores. If they raise their pay I will shop there even more. I will not reward the Walton family for their sweatshops.
The problem with Walmart’s model is they don’t do anything without taking more. Yes they raised wages, BUT what is not so public is what they’ve cut:
-160 stores closed and many stores now closing overnight and eliminating their overnight crew
-New scheduling system that schedules workers wacko hours and short shifts
-New evaluation system that limits hourly associates to 2% raises instead of 2-6%
-Elimination of holiday pay. They tried to fool associates into buying that their PTO replaced it, but you don’t gain PTO for holidays, you have to withdraw from your current balance to use it.
-Change to PTO balances and accrual.
-Elimination of jobs, such as IMS, many cashiers, overnight stockers, etc
While Target is making changes, none have been near as dramatic as Walmart at squeezing the pennies. In fact, several changes are beneficial to employees such as holiday and position differentials and they are expanding instead of retracting.
To answer my own question, I don’t see Walmart upping the rate again yet. They’re too busy licking their paws trying to appease stock holders from the last wage bump.
Yes, you can get a decent one bedroom and one bathroom for about 850-900 with water included. Maybe add 200 for utilities. Throughout college, I had a roommate. We got a 2 bedroom/2 bathroom for about 1200 which we split so $600-$650 each. It was not in the most high end area but it was safe and I saved a TON of money. As two women, we loved having our own bathrooms and bedrooms!
I am talking about Detroit, Michigan.
Do you follow the point I was making with regards to a safe area apartment costing anywhere from $400 to $1500 across this fine nation?
We're discussing NATIONAL minimum wage so let's be clear as to whether we're talking about high or low cost areas because that's one of the fundamental objections to it and a CRAP TON of Senate opposition for obvious reasons.
The problem with Walmart’s model is they don’t do anything without taking more. Yes they raised wages, BUT what is not so public is what they’ve cut:
-160 stores closed and many stores now closing overnight and eliminating their overnight crew
-New scheduling system that schedules workers wacko hours and short shifts
-New evaluation system that limits hourly associates to 2% raises instead of 2-6%
-Elimination of holiday pay. They tried to fool associates into buying that their PTO replaced it, but you don’t gain PTO for holidays, you have to withdraw from your current balance to use it.
-Change to PTO balances and accrual.
-Elimination of jobs, such as IMS, many cashiers, overnight stockers, etc
While Target is making changes, none have been near as dramatic as Walmart at squeezing the pennies. In fact, several changes are beneficial to employees such as holiday and position differentials and they are expanding instead of retracting.
To answer my own question, I don’t see Walmart upping the rate again yet. They’re too busy licking their paws trying to appease stock holders from the last wage bump.
What O'Danny misses out on is that Costco would never hire 90% of the walmart employees since they're substandard in either work ethic, english skills or general ability.
As someone who is a bank manager, I will say this. It is VERY VERY difficult to keep staff on board if they are unhappy with pay. I am hiring for positions at my branch soon and the positions pay around 15-17 an hour. I am pushing to get it pushed up to 18-20 so that whoever I hire will STAY and I can retain them instead of repeating the process again and again. It is very difficult to find talent so when I find it, I want to pay them more so I can continue to run this branch. This leads to happier staff and happier clients. Client do not like seeing a new face every time they come in. So keeping the same staff will be very beneficial to both parties.
I think it is a good move. Of course, you have to gradually move the wage up. This will have staff appreciate their positions and the company more. And if they do not perform, they will get with the program real quick knowing other companies will pay much less for the same position.
I would guess that to be a bank employee, that they would have to be SKILLED.
good at math
possible an accounting background
college degree maybe even
MUST BE ABLE TO BE BONDED...
I would think some-one with that skill would deserve at least 15-20/hr
big difference from unskilled labor like fast-food, or big box stores as a stocker.....
I think its great. While most employees at Walmart are considered disposable and paid like serfs, those who have been there for a while can make pretty good money, well over $20 an hour. I really would like to see other retailers do the Costco model, which is to pay, and retain, good employees.
I have not been in a Walmart for over 15 years, and have no plans to ever shop there. I shop at at Target when I need some things that are commonly found in both stores. If they raise their pay I will shop there even more. I will not reward the Walton family for their sweatshops.
I have an issue with giving a min wage to incompetence (this is pointed mostly at the fast food workers, but also many in retail too)...I am tired of going to a store, wanting to ask a question about a product, or placing an order for fast food, and they are so incompetent, that they get the order wrong, or have zero knowledge of the section they are working in.
when I am shopping, I ask questions, I want the best product for my need, the incompetence of the retail world today is so shocking..... years ago it was about customer service, knowledge of the product, today its about a quick sale with no knowledge of the product.
last week I went to a target....asked a simple question, not even ABOUT a product, but where to find the product....kid looked at me like I had 5 heads.......incompetence
I walked from my workplace to the taco-bell a couple of blocks down...asked for a very simple order...2 chicken soft tacos with onion...... walked back to work to find they handed me 2 chopmeat(beef) soft taco's with no onion.....incompetence
I have to travel a lot to Ft. Bragg...you go down south and they put mustard on hamburgers ( my opinion is mustard is for hot dogs, while catsup is for hamburgers)....place my order at a McDonalds "two Cheeseburgers NO MUSTARD"......incompetent slugs cant even get that correct
these fast food workers of today.....incompetent slugs............... yes I said ...incompetence......and they want to demand 15/hr...they aren't evn worth 5/hr with that level of incompetence
Citing raising difficulty finding talent and outside pressure, Target is increasing its minimum wage to 11$ this year and 15$ before the end of 2020. Some believe the move is overly aggressive, however Target believes being a trend setter will benefit them by acquiring and retain the best workers.
What are your thoughts? Is Target wise for making this decision before other retailers or the government increasing wages or are they potentially setting themselves up for a costly PR stunt? More importantly do you think other retailers will follow shortly to keep their employees from jumping ship? With less than half the locations of Walmart and its implementation of small formats they have huge potential for growth.
Workers will have their hours cut so they will be making the same money as before.
Location: The Land Mass Between NOLA and Mobile, AL
1,796 posts, read 1,663,813 times
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Quote:
Originally Posted by odanny
I think its great. While most employees at Walmart are considered disposable and paid like serfs, those who have been there for a while can make pretty good money, well over $20 an hour. I really would like to see other retailers do the Costco model, which is to pay, and retain, good employees.
I have not been in a Walmart for over 15 years, and have no plans to ever shop there. I shop at at Target when I need some things that are commonly found in both stores. If they raise their pay I will shop there even more. I will not reward the Walton family for their sweatshops.
I admire your resistance to Walmart. I do my best. Although I live in a small podunk town, I'll shop at a local boutique (for clothing) or a farmers' market first (for food), then Target, then, as a last resort, Walmart. Furthermore, I know the people who own local nurseries by name, should I want to buy things for my garden.
I am fully aware of economies of scale, and I also know that economics is nicknamed the "dismal science" for a reason. I choose to spend my money locally (read: not at WallyWorld) whenever possible. Of course, everyone else's mileage may vary on that.
Target is better than Walmart by a long shot, in my book.
Citing raising difficulty finding talent and outside pressure, Target is increasing its minimum wage to 11$ this year and 15$ before the end of 2020. Some believe the move is overly aggressive, however Target believes being a trend setter will benefit them by acquiring and retain the best workers.
What are your thoughts? Is Target wise for making this decision before other retailers or the government increasing wages or are they potentially setting themselves up for a costly PR stunt? More importantly do you think other retailers will follow shortly to keep their employees from jumping ship? With less than half the locations of Walmart and its implementation of small formats they have huge potential for growth.
It's a reaction to the welfare state. Why work for lower wages when you can get handouts?
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