Quote:
Originally Posted by bronco67
That's the thing I don't understand. It seems like they really lack long-term vision. Treating your employees like family that you actually care about will create employees who will happily go the extra mile for you, and that will keep you in business for long time. It doesn't help your image to have all of this bad press of how you're basically a modern day slaver.
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I guess it all depends on the company, the number of employees and what the company does. Even if Wal-Mart paid a wage that took people above the poverty line they would likely still have a pretty high level of turnover. Many people use places like this and jobs like these as stepping stones.
They could raise the wage and pay like Costco does and they would likely keep people around and it could increase sales, but the question I would wonder is: would the increase in sales be enough to justify the higher wages and benefits?
I think Wal-Mart is going to have big sales numbers no matter what. People want a bargain and that is what they offer.