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Wal-Mart Research Project
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DescriptionThis research project is about Wal-Mart and the business strategies it uses, the sucess of the business and the human resources of the business as a whole.
Company Profile: Wal-Mart Stores, Inc. – Bentonville, Arkansas headquarters
With annual revenue of $405 billion, Wal-Mart is considered the largest in the retail sales industry and in the United States (Walmartstores.com:About Us). The company opened the first stores in 1962 in Rogers Arkansas and was based on the 3 basic beliefs Mr. Sam established which are, respect for the individual, service to customers and strive for excellence (Wal-Mart Stores, Inc.--Company History). They employ 1,500,000+ associates in various positions and have more than 9,759 branch offices that extend to 28 different countries (Walmartstores.com:About Us). The retail giant towers over its nearest competition with three times the revenues of the world’s number two retailer, France’s Carrefour SA (Wal-Mart Stores, Inc.--Company History). Wal-Mart serves customers and members more than 200 million times per week between all locations. They are ranked in the top ten among retailers in Fortune Magazine’s 2010 Most Admired Companies survey (Walmartstores.com:About Us).
At Wal-Mart, it is believed that business wins when everyone matters, and that the true strength of diversity is unleashed when each associate is encouraged to reach their full potential. Diversity then becomes the foundation for an inclusive, sustainable business that embraces and respects differences, develops associates, serves customers partners with the community and builds an inclusive supplier base. Diversity and Inclusion are enduring values embedded into Wal-Mart culture (Walmartstores.com: Diversity). They believe that their commitment to diversity and inclusion helps them better serve their customers and provide a positive work environment for associates. (Walmartstores.com: Diversity)
Although Wal-Mart is one of the fastest growing employers in the world, they are also one of the most diverse.
815,000 female make up 57 % of U.S. workforce
Thirty-five percent of their associates are minority:
248,000 African Americans
42,000 Asian American
5,000 Pacific Islander Americans
14,000 American Indian and Alaska Natives
Recommendations: Continue efforts as is.
Focus: Recruiting and Hiring
Wal-Mart believes that providing opportunities for career advancement is critical to their long-term success. They continue to refine existing programs and develop new career options to ensure associates maximize opportunities that contribute to their continued success, which empowers associates to achieve the extraordinary. There is a long history of promoting within at Wal-Mart and for advancing the careers of dedicated associates. Nationally, nearly 70 percent of store management started as hourly associates. (Walmartstores.com: Associates)
Some of the recruiting accomplishments Wal-Mart have made include:
Continued building national, state and local relationships with organizations representing African American, American Indian and Alaska Native, Asian and Pacific Islander, GLBT, Women, Mature, People with Disabilities and Hispanic markets.
Continued to build strong relationships with universities and professional organizations.
Received a variety of national awards recognizing ...
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