Abstract I will be developing a compensation and benefits package for a departmental store. The company is Wal-Mart. Wal-mart is recognized for being one of the largest discount retailers in the world. It initially started out as a small chain of stores in suburban regions America. Walmart was envisioned by Samuel Walton; the founder, in 1962. The firm boasts of being one of the largest employers in US. Despite its success in the market, the organization has suffered a number of criticisms from various quarters, for carrying out some of its business operations with extremely low and uncompetitive prices. Nonetheless, some store outlets are revered Super Wal-Marts, and they generally deal in groceries and automotive repairs for different consumers. …show more content…
I will develop a comprehensive and competitive compensation and benefits package that will be used for this position upon hire. I will have a strategic plan for developing this employee compensation and benefits package. A strategic plan for employee compensation dictates the amount of pay we will to give our employee, also what type of employee you would like to attract and retain. Technically speaking, a comprehensive employee and benefits package should contain a number of aspects such as; reward programs, pay scales, company perquisites, and benefits packages among many others. A successful employee compensation and benefit package allows an organization to compete in the market, for reliable and effective workers in your specific industry or niche. (Arthur, 2001) Wal-Mart HR department recognizes the importance of every worker and the value what our employees bring to the departmental store. For this reason, we seeks to provide a competitive compensation and benefits package for the new secretary who will be working under the Human Resource department of the …show more content…
Ideally, a larger part is consumed by indirect pay, consisting of employee benefits such as; retirement plan, social security, short term disability, educational reimbursement, state disability insurance, unemployment insurance and workers compensation. The new secretary will enjoy the above benefits upon hire, which is meant to increase his/her commitment to the work, so that Wal-Mart can develop a mutual benefit relationship with the employee. It will also make the secretary develop a good and positive attitude toward his/her job. The HRM researchers claim that a positive attitude towards work place and your job increases production and