Wal-Mart Stores Incorporated is one of the largest retailers in North America. Currently, Wal-Mart operates more than 5,000 retail locations globally. Wal-Mart also ranks number one in total sales when comparing it to similar corporations. So far for the year 2015, Wal-Mart’s net sales are over $288 billion making Wal-Mart one of the top Fortune 500 companies. In order for Wal-Mart to retain their prestigious title, its corporate strategy must be altered in order to keep one of their most important stakeholders happy, the employees. A large company calls for plenty of employees. Over 1.3 million Americans rely on Wal-Mart to provide for themselves and their families. Currently, 6,000 employees out of 1.3 million nationwide are paid at the …show more content…
In January 2016, this number is supposed to rise again to $10 per hour. For over 500,000 associates, this means a $1 to $2 increase per hour. However, the proposed increases are not enough for employees. The current demand by employees is $15 per hour. According to an analysis by the think tank Demos, Wal-Mart can afford this measure simply by redirecting approximately $6.6 billion away from its current practice of repurchasing its own shares which is a tactic to artificially boost shareholder’s income and boost workers’ pay instead (CNN Money). Customers notice that workers do not enjoy their job because most have a poor attitude and the disorganized appearance of the store. Most associates lack motivation, have no willingness to help shoppers, and have poor customer service. Lump sums of Wal-Mart retailers are often very unorganized and messy. These factors often send customers to competitors such as Target where associates are typically friendlier and store appearances are clean. By increasing the base pay to $15 per hour, would not only boost productivity, sales, and overall customer service. Most importantly a pay raise would lower the amount of workers that rely on government benefits in order to survive. As one of the top-selling corporations in the world, it is unethical to allow the majority of workers to receive no benefits earn low wages and depend on government assistance. According to Jobs With Justice, a single Wal-Mart can cost taxpayers anywhere from $904,542 to nearly $1.75 million dollars per year (Jobs With Justice). In other words, Wal-Mart is relying on taxpayers to ensure their associates basic needs are being met. By making minor adjustments to the budget, Wal-Mart owners and executives would still be able to keep costs down, and increase over 1.3 million peoples’ work environment and lifestyle. Below is a stakeholder