Walmart To Impement New Employee Structure For Its Stores

By John F. Heerdink, Jr.
Wal-mart Stores, Inc. (WMT) is testing out ways to implement new employee structure in its stores. The company aims to reduce its mid-level store managers move in an attempt to reduce its labor cost but at the same time channelizing the right talent in the company. Wal-morts additional goal is to have store managers remain at the top position & the new position as “business leads” and “team leads” to be ranked under store managers. Business leads are due to draw a 10% higher salary than current assistant store managers and team leads are to earn $18 an hour. To help imbibe the new structure which is already in place for 75 of its stores, the company will provide lower ranked staffs with additional support, training and better recognition. Wal-mart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! It’s FREE to receive email updates. week5 (7)

Walmart is testing ways to trim the size of its store management staff

Walmart is testing out a new employee structure within its stores in an attempt to reduce the size of its store management staff…
Read Full Article


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us