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It's just a company with really bad management. Things are further complicated that the management keeps wanting to make artificial sales quotas provided by Wall St even if doing so harms the long term interests of the company. For example, not hiring enough staff to do basic things like stalk store shelves. It is the classic American business ethic of stressing short term performance at the expense of long term performance.
they pay their managers crap too. and work them 50-60 hours....i work with a lady that recently left walmart..
you get what you pay for in products and services.. but also employees.. whether there is a federal standard of minimum wage or not.. the market will determine the work ethic of 7.25 per hour.. and many employers have found that if you paid say 14.50 per hour.. you in many cases get more than double the amount of work ethic and performance out of one person vs two people at 7.25 per hour..
I've had employees that could and WOULD do the equivalent work of 3 of my most terribly lazy and unmotivated employees..
and it's easy to say.. just get rid of them.. but unfortunately if your business model's success is dependent on paying the bare minimum or close to it..then you're going to be plagued with a horrendous revolving door of employees..which is costly in it's own right..
Just the way the market is supposed to work and if Wal-Mart wants to correct the problem they will have to attract and retain talent. To do that will require higher wages. You see how that works liberals and no govt mandate is needed.
It's just a company with really bad management. Things are further complicated that the management keeps wanting to make artificial sales quotas provided by Wall St even if doing so harms the long term interests of the company. For example, not hiring enough staff to do basic things like stalk store shelves. It is the classic American business ethic of stressing short term performance at the expense of long term performance.
I started going to Walmart last year because it was conveniently located to my job. I was really surprised at how often I go in there to buy something, and the shelf is bare. That is anathema in retail, because that lost sale means lost profit.
Sales are down..no revenue = no additional employees.
Too poor to hire
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