« The Jack Welch Management Mystique - 39 | Main | The Common Sense Management of Sam Walton - 86 »

May 3
Wal-Mart Paid Out $1.1 Billion to its Hourly Associates Benefit Plans Last Year

For the first time in its history Wal-Mart (WMT) has released the figures showing how much they've contributed to their associates through their numerous benefit programs.

Included in the $1.1 billion figure for the fiscal year is its 401(K) accounts, profit sharing, stock purchase plans and merchandise discounts.

In the early part of the year they also released figures on the bonus amounts they pay their associates, which came to almost $530 million for their hourly workers alone.

It's unfortunate that they couldn't quietly do this for their people without broadcasting it around. But the endless lies spoken about the company has made them reveal what they've been doing for their people for years.

In the past the company has contributed 2 percent of a worker's pay to a profit-sharing plan and another 2 percent to their 401(K) retirement plans. Associate's Wal-Mart%20Pays%20Billion%20to%20Associates.jpgreceive the 2 percent whether they contribute to the plans or not.

Reuters said that "For its fiscal year ending January 31, Wal-Mart said it contributed $667 million to 815,629 hourly associates in profit-sharing and 401(k) contributions; $51.4 million to 706,389 hourly associates toward its associate stock purchase plan; and $397 million in discounted merchandise."

Sponsored link: The outsourcing every manager requires - Tampa Locksmith


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« The Jack Welch Management Mystique - 39 | Main | The Common Sense Management of Sam Walton - 86 »

Advertise

sponsored ads



Incredible Hall of Acclaim.

subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

My site was nominated for Best Business Blog!

I'm a C-list Blogebrity

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



ManagersRealm is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

WebMetricsGuru

TheInsurancePolicy

MarketingBlurb