Chapter 8 Wal-Mart, the Low Wage Colossus and Chapter 9 Taking the High Road

May 25th, 2016
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Costco is also committed to low prices. What business practices has allowed Costco to achieve such low prices? One of Wal-Mart’s legacies will be its commitment to low prices. Below are the business practices which have allowed Wal-Mart to achieve such low prices;

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Running head: ASSIGNMENT 31Assignment 3Students NameUniversity AffiliationASSIGNMENT 32Chapter 8: Wal-Mart, the Low Wage Colossus1. One of Wal-Marts legacies will be its commitment to low prices. Below are the businesspractices which have allowed Wal-Mart to achieve such low prices;They pressurize suppliers to hold their prices down. This enables them to get goods ata very low price hence selling them at relatively lower prices compared to theircompetitors.They have also built the most efficient transportation system in the industry ofretailing.They have created an extraordinary computer and inventory system.They have also maintained rock-bottom labor costs. They give low wages and lesshealth insurance to their employees.2. Compensation administration is about more than just hourly wages and/or salary.Describe how Wal-Mart compensates its hourly employees. Describe their health careoptions, their treatment on the job, and the companys commitment to their overallwell-being.Wal-Mart doesnt break out the pay of the workers. An hourly employee at Wal-Martreceives an average of about $10 per hour.The employees have a health-insurance coverage whereby they usually pay 33% oftheir health premiums. The company has also given the employees a retirement coverplan whereby it contributes an annual average of $747 for every employee.They also force their employees to work off the clock without any extra

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