Wal-Marts Vision Statement Essay Example | Topics and Well Written Essays - 500 words

Wal-Marts Vision Statement - Essay Example The company’s main stakeholders are the shareholders, customers, and employees (Wal-mart, 2008). This report focuses on the backbone of the company the employees. The aim is to understand the current situation of the employees and whether the company’s vision is helping the employees achieve the objectives. Wal – Mart has wide operations spread across 14 markets, 7390 Wal – Mart stores. The company employees over 2 million associates. It is the largest employer in America. The company claims to give importance to the employee’s growth and careers. The company’s website claims to provide the employees with a competitive pay, skills development and health benefits for the employee and family. However, a recent article in Business Week highlighted the fact that the company has been paying employees about $8.23 per hour, or $13,861 a year. This pay is well below the federal poverty line of $14, 630 for a family of three. Other articles and studies have shown that the company pays employees a salary which is way below the poverty line and employees have confessed that they cannot live out of the pay received from Wal – Mart alone. The average hours worked by employees is around 40 hours a week. However the pay received is very low and for some of the employees, it is just enough to live out of a Dodge truck (Greenhouse, 2005). The employee’s goals, however, are very different. Employees benefit from a company that is making profits which in turn would mean the employees being paid higher salaries and bonuses. From the above discussion, it is clear that employees do not receive any extra benefits in spite of the company making profits. A study showed that even though employees were given hikes in salary they did not really benefit from the hikes. Wal – Mart has instituted a new payment method.