The paper 'Hourly Employee Retention in Small and Medium Attractions' is a wonderful example of a Business Case Study. In this paper, the discussion will revolve around Wal-Mart Corporation, especially the issues that have arisen with the employees’ retention in the company. This article will focus and illustrate comprehensively the problems facing the Wal-Mart Company (the ability of the firm to retain workers) and also the solutions to the problem which are optimal. Dependent and independent variables will be recognized; primary and secondary sources of data, alternative and null hypothesis, the requirement of the sample sizes, and sample production explanations.
Recommendations and observations will be provided throughout the paper based on the research conducted. Wal-Mart is cherished in some communities and hated in other communities. The corporation has created over 1.5 million jobs of which low wages paid. Insufficient pay can be a major factor in the company in driving the turnover rate. This high turnover rate can cost so highly since the government is spending more money on training the newbies in the corporation. The higher the rate of turnover, the higher the cost the company uses in the training of the new members in the company every year.
Such costs are unnecessary which the Wal-Mart company can use in other investments in the business. Wal-Mart’ s turnover rate is the dependent variable. This is the variable that is to be estimated or be predicted in the corporation. Since dealing with workers retention is a human resource, it is a complicated department whereby there are several issues that take place among the employees. Currently, retention of the employees is one of the most significant factors in the organizations, and managers are doing their best to retain the employees so as to build the organization’ s human capital as a source of competitive advantage. Introduction Let us take a brief look at the company we are talking about in the introduction of our topic.
Wal-Mart is a company that has a lot of stores across the globe. It has over 800 stores across the United States of America which gives the residents a pleasant shopping environment. The company was founded back in the year 1962 by someone called Sam Walton.
As a leader in sustainability Wal-Mart was ranked first among the retailers by some magazine in 2009 (Zhixing& Horn, 2011). Wal-Mart is bringing to life its global vision since it has a vision which states that, “ the price of leadership drives world performance. ” The corporation management focuses on price leadership in every market since the way to approach customers is the price strategy. The mission states that “ save money, stay better, ” which is relevant now just as it was back in 1962 with Sam Walton. According to the mission and vision, it might be seen that the company management concentrated mostly on the cost of the products, its business strategy should also be related to price leadership as well. Financial strength: Wal-Mart is the largest world retailer with a turnover of more than $400 billion as of the year 2009.
In order to be global, any corporation needs money. Wal-Mart can be able to keep up with local competition and also have investments in new markets
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