Company Culture, Developing, Employee Experience
The retail giant has been investing in its employees, with more workers reporting a positive experience.
Walmart has made the Fortune 100 Best 카지노 커뮤니티 추천 to Work For® List this year, an achievement that caps a remarkable journey to transform its employee experience.
No. 1 on the Fortune 500, Walmart is a financial juggernaut. What started as a regional discount chain in Arkansas has become the .” Hurricane Katrina had just devastated Louisiana and coastal areas in the Southern U.S. In responding to the crisis, Scott and Walmart saw an opportunity to have an impact beyond running an exemplary retail business.
“Good jobs, opportunity, and ensuring associates feel a sense of belonging are key drivers of our long-term success.” - Donna Morris, chief people officer, Walmart
“What would it take for Walmart to be that company, at our best, all the time?” Scott asked. “What if we used our size and resources to make this country and this Earth an even better place for all of us: customers, associates, our children, and generations unborn? What would that mean?”
Walmart set out to answer that question — and Scott’s speech laid out commitments to increase diversity, reevaluate supply chains, and commit to raising wages over time. The result: The number of employees who said Walmart is a great place to work went up nearly 60% between 2017 and 2023.
Raising wages increases well-being
Walmart has , with the average frontline employee making $18 an hour, and store managers receiving between $90,000 to $170,000 a year, up from a base salary of $65,000. Walmart also offers financial tools like a 401(k) and an associate stock purchase program, and training tools through the digital app called Me@Walmart.
These investments in wages and financial tools have been deeply meaningful to Walmart workers, with the number of hourly workers reporting fair pay in 2023 going up 61% from 2017 to 2023 in its Trust Index℧ Survey. The number of hourly employees who said they receive a fair share of company profits went up 70%.
“There is a very positive supportive culture here at Walmart. The pay is above par, and excellence is recognized,” shared one employee in their survey.
How Walmart made the 100 Best
카지노 커뮤니티 추천 make the Fortune 100 Best list based on the employee feedback collected in confidential surveys. Employees report their experience on 60 statements that measure trust — the key ingredient in high-performing cultures where employees thrive.
카지노 커뮤니티 추천 only make the list by having competitive results, and Walmart is no exception. The retailer’s survey scores are even more impressive when you consider its size. For a company with over 1 million employees, offering a consistently positive experience for a global workforce is a dazzling achievement.
Despite its size, Walmart employees report having a more consistently positive experience than the typical U.S. workplace in retail. At Walmart, 72% of employees said they had a great workplace compared to just 57% of employees who said the same at a typical U.S. retail company.
“I would not get these opportunities if I worked for many other companies.” - Walmart employee
One example: Walmart employees are more likely than a typical U.S. retail employee to report receiving training and development support. At a typical retail company, only half (53%) of employees feel they receive training and development to further their careers. At Walmart, more than two-thirds report having development and training support.
Walmart’s leaders closely measure the employee experience. “We track internal engagement, growth and job satisfaction metrics, [and] retention, and regularly report on our progress in creating a more diverse and inclusive workplace,” Morris says.
Here are some of the things Walmart does to create a winning workplace culture:
1. Tearing the “paper ceiling”
Unnecessary credentials or education requirements can be detrimental for equity of opportunity for employees.
“We’ve always been focused on eliminating unnecessary barriers for associates to advance in their careers,” says Morris. “For example, 75% of salaried managers in U.S. stores, clubs, and supply chain facilities started in hourly roles with us and we’ve never required degrees to hold these roles, which earn $113,000 on average.”
Walmart has also removed degree requirements for the majority of office jobs to support career advancement opportunities for all employees.
“The opportunities I have been provided for promotion without a college degree are unmatched,” said one employee. “I would not get these opportunities if I worked for many other companies.”
The retailer also carefully tracks who gets promoted from frontline roles into management. In its .
