...Human Resource Management Strategies of Wal-Mart TITLE OF ASSIGNMENT: Human Resource Strategy of Wal-Mart inc Table of Contents Table of Contents (This page) ------------------------------------------------------------------------2 1.0 Introduction ------------------------------------------------------------------------3 2.0 Wal-Mart Human resource strategy ------------------------------------------------------------------------4 2.1 Recruitment and selection ------------------------------------------------------------------------4 2.2 Training and development ------------------------------------------------------------------------6 2.3 Employee motivation and Reward / benefits ---------------------------------------------------------7 2.3.1 Financial benefits ------------------------------------------------------------------------8 2.3.2 Health and awareness benefits ------------------------------------------------------------------------8 2.4 Performance management --------------------------------------------------------------------------9 3.0 Challenges faced by the human resources -----------------------------------------------------------------9 4.0 Recommendations to overcome these challenges -----------------------------------------------------10 1.0 INTRODUCTION Human resource management according to Wilton (2011) in his book “an introduction to human resource management” is a phrase used...
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...coming across the organization process of Wal-Mart, Sam Walton was the creator in 1962 in Rogers, Arkansas (Wal-Mart Corporate, 2012). The organizing process is described as the management function of pulling together and synchronizing human financial, physical information and other assets required to accomplish goals (Bateman & Snell, 2009). In 1972 discount sores such as Kmart expanded. Sam Walton at that point in time had 15 Wal-Mart stores and did not have the funds to increase the amount of stores, so he offered Wal-Mart stock to the New York Stock Exchange. For the reason of the large profit that toke place from the sales of stock, Wal-Mart was able to expand. By the 80s hit Wal-Mart had 276 stores Wal-Mart Corporate, 2012). Organizing contains numerous organizational resources, physical assets, knowledge, funds, and human resources. In this paper we will talk about human resources and monetary of Wal-Mart. Human Resources of Wal-Mart Managing and upholding of the human resources section is imperative while assessing how effective the organizing function is. “People are assets not commodities” (Bateman & Snell, 2009). The supervisors as well as the businesses have to work collectively to take into service the correct people for the occupation. Human resource management is in charge of recruiting, training, performance evaluations, rewards, labor relations, earnings, and benefits (Bateman & Snell, 2009). Wal-Mart provides work for about 2.1 million associates...
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...Introduction How Wal-Mart use the Organization Function of Management Organizing is one of the basic functions of management, which fallow the planning function of management. According Management Study Guide (1998-2009), in the organization, function is where takes place the synchronization and combinations of the organization physical, financial, and human resources. Wal-Mart recognizes the importance of its physical assets, monetary, human resources, and technology and had used them in to become the world largest retail stores. Wal-Mart management could use the organization function of management effectively by combining its resources to maximize its full potential. Wal-Mart After traveling around the nation Sam Walton realized that the nation was in need a new type of retail store. Trusting in his vision with his wife Sam gather the money necessary to open the first Wal-Mart in Rogers, Arkansas in 1962. as the time went by Sam Walton was only able to have 15 stores in 1972; however after Wal-Mart when public by the end of the decade Sam already own 276 stores in 11 different states. By 1989 Sam own more than 1, 400 Wal-Mart and was making over $ one billion in profits. In the present is Wal-Mart in 14 different countries and is making over $ 26 billion revenues while employing around 2.1 million people. The only way in which Wal-Mart could do this is by organizing...
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... Module Code: BU7205 Module Title: Managing Human Capital Level: 7 (MBA 2) NAME: MD JAHED HOSSAN STUDENT ID: 1326892 MODULE TUTOR: David Hall/Rajendra Kumar SUBMISSION DATE 23rd JUNE 2014 Table of Contents Introduction 4 Literature Review: 5 Human Capital strategy 7 Critical analysis: 9 Conclusion 14 Recommendations 15 Reference 17 Introduction Human capital is established of awareness, proficiencies, capability, and aptitude and prospective than an employee has in order to undertake the objectives of the organization. The most important impartial of a company is classified the Human capital. (Heckman, 2004). A high-quality of Human capital have to more qualified to review the entail endowment for an organization and they must recruit the right talent at right time within minimum cost by using formulating their strategy in away that guides them. The business that has been taken into explanation for considerate the HR strategies and it affiliation with organization strategy is Wal-Mart. The most popular retail chain in America is Wal-Mart. It resides of warehouse and discount departmental stories. It measured being prime chain of stores in the world according to Fortune 500.In 1962,Sam Walton was originator of Wal-Mart and it was enumerated in1972 and also in 1969 it was incorporated. The United States, the headquarter of Wal-Mart and it is known as leading grocery store in the...
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...human resourse strategy of University of Salford Salford Business School Course: MSC Management Module title: Human Resource Management TITLE OF ASSIGNMENT: Human Resouce Strategy of Wal-Mart inc Name: Agbasimelo E. Ifeanyi Roll no: @00316215 Instructed by: Abdoulie SALLAH Table of Contents Table of Contents (This page) ------------------------------------------------------------------------2 1.0 Introduction ------------------------------------------------------------------------3 2.0 Wal-Mart Human resource strategy ------------------------------------------------------------------------4 2.1 Recruitment and selection ------------------------------------------------------------------------4 2.2 Training and development ------------------------------------------------------------------------6 2.3 Employee motivation and Reward / benefits ---------------------------------------------------------7 2.3.1 Financial benefits ------------------------------------------------------------------------8 2.3.2 Health and awareness benefits ------------------------------------------------------------------------8 2.4 Performance management -------------------------...
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...Wal-Mart is one of the many businesses that practice the Organization Function of Management. Their organization vividly recognizes the significance of its technology, human resources, monetary and physical assets. They’ve been so successful because they combine their resources and use them effectively in satisfying their customers and employees in every possible way they can. Their management has been able to utilize the organization function by doing those things and maximizing their full potential. In addition, this is what has allowed Wal-Mart to earn the name of the greatest retail store. Wal-Mart includes the latest technology in relation to the needs and interest of customers. It is the greatest tool this organization has to stay ahead of their many competitors, as well as stay up to date with the many expectations of their customers. Their company has developed better technologies to change ways the customers shop. They’re there largest retailer in the world who provides various opportunities worldwide with projects, investments, training and development. Wal-Mart also helps improve resources for customers such as operations, back room systems and providing products for customers all across the globe. Technology is constantly changing and Wal-Mart is able to keep up with it as fast as possible. That opportunity is what helps continue to save people money so they can live better. With the help of enhanced data analysis, Wal-Mart can predict what technologies customers...
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...focus on is being organized. Wal-Mart is one company that comes to mind when I think of a large corporation that organized. The management function within a corporation such as Wal-Mart is normally one that not only has responsibility, produces unlimited effort as well as carries the authority given. When the company is able to run successfully without issues arising, there is no doubt that the company is well organized. Somewhere along the line if there was a problem to arise they are well organized and prepared to handle any issues they are faced with. Wal-Mart is one very dominant business in today’s society. They operate over 7,000 stores across the United States including warehouses, supercenters as well as Sam’s Clubs in Canada and Mexico. Wal-Mart was created in Rogers, Arkansas in 1962 (Wal-Mart Corporate, 2013). According to the organization process the functions of management are pulling together and combining human finances, physical information and other assets are required in order to accomplish goals ( Bateman & Snell, 2009). Sam Walton ran into a financial burden in 1972, where he did not have the money to invest in other stores. In order to overcome, he invested into the New York stock exchange. He then made a large enough profit to then expand. Wal-Mart had then opened 276 stores within the 80’s (Wal-Mart Corporate, 2013). Organizing covers such a vast amount of things such as: physical assets, knowledge, technology, human resources as well as finances which...
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...Activities of Value Chain in Wal-Mart Wal-Mart is one of the leading Fortune 500 companies, which is spread across the globe. It is perhaps the largest retail chain which deals with everything from food to consumer electronics. In terms of the revenue generated, it leads the fortune 500 companies like GE and Microsoft. Simply put, it has everything a homemaker can ever think of. Affordable price range coupled with aggressive online and market strategy has led to wide acceptance for Wal-Mart in towns and cities alike. Wal-Mart is probably the only largest fortune 500 corporations in the world, which directly services the common man. The major point is that all of these activities have to be in sync in order for the value chain to operate effectively. The support activities is not bound to any of the primary activities, but is supposed to serve them, the first step in analyze of intern resources is to identify how the company’s different activities makes the foundation for its competition strategy. Supportive Activities: 1. Firm Infrastructure: There are 2485 Wal-Mart stores all over the world. This includes 682 Supercentres, 457 Sam’s Clubs, 5 Wal-Mart Neighbourhood Markets and 1007 units of Wal-Mart International. Wal-Mart serves over 100 million customers weekly worldwide. There are 1035000 associates, and the company is America’s largest private employer. Wal-Mart is run from a national headquarter. The headquarter takes care of orders, and every local store has to report...
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...Walmart Organization Paper Wal-Mart: Organization Paper The management function in an organization is usually related to effort, authority, and responsibilities of the management of that firm. Motivation of the workforce within these organizations handles the employees, and other personnel to work within a team environment. These teams will accomplish a goal; management must organize the employees into teams that have work that is related to the final goal. However, the development of an organization must include knowledge of the task, human resources, assets, and monetary allowances. The Wal-Mart organization is a force in the retail industry; there are over 7,000 stores around the country. These stores also include the Sam’s Club, Wal-Mart supercenters and warehouses in Canada and Mexico. Wal-Mart, when measured by its total revenue, is the largest retailer, that is measured by both net sales and income increases from its operating stores. Its primary products and service lines generally lie within the competition of its Discount and Variety Retail, as well as Electronics and Drug stores, Pharmacies, Appliances, and Gasoline sales (Hoovers, 2008). Physical Assets Wal-Mart includes physical assets within its organization that are developed in such a way that allows for utilizing efficient methods in order to manage these assets. Such factors of its environment are quite evident in one example, its retail prices. This is important because in essence, if Wal-Mart was less efficient in...
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...Wal-Mart: Organization Paper The management function in an organization is usually related to effort, authority, and responsibilities of the management of that firm. Motivation of the workforce within these organizations handles the employees, and other personnel to work within a team environment. These teams will accomplish a goal; management must organize the employees into teams that have work that is related to the final goal. However, the development of an organization must include knowledge of the task, human resources, assets, and monetary allowances. The Wal-Mart organization is a force in the retail industry; there are over 7,000 stores around the country. These stores also include the Sam’s Club, Wal-Mart supercenters and warehouses in Canada and Mexico. Wal-Mart, when measured by its total revenue, is the largest retailer, that is measured by both net sales and income increases from its operating stores. Its primary products and service lines generally lie within the competition of its Discount and Variety Retail, as well as Electronics and Drug stores, Pharmacies, Appliances, and Gasoline sales (Hoovers, 2008). Physical Assets Wal-Mart includes physical assets within its organization that are developed in such a way that allows for utilizing efficient methods in order to manage these assets. Such factors of its environment are quite evident in one example, its retail prices. This is important because in essence, if Wal-Mart was less efficient...
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...organization. The development of an organization depends on having knowledge of the task and the right amount of human resources, assets, and monetary allowances. With over 7,000 stores around the country Wal-Mart is a major force in the retail industry. This includes Sam’s Club, Wal-Mart supercenters and warehouses in Canada and Mexico. Including both net sales and income increases from its operating stores, Wal-Mart is the world’s largest retailer. Among their primary products and service lines are their Electronics, Pharmacies, Appliances, and Gasoline sales (Hoovers, 2008). Physical Assets Wal-Mart includes physical assets within its organization that are developed in such a way that calls for them to utilize efficient methods in order to manage these assets. Such factors of its environment are quite evident in one example; its retail prices. This is important because if Wal-Mart was less efficient in managing its physical assets, more money would have to be spent, and profits, as a result of the lack in maximizing profits, would decrease, allowing its competitors to drive it out of the market. However, as we all know, this is not the case with Wal-Mart. The various consumer goods that it provides are usually priced low as to drive other businesses out and to keep its customers happy with its commonly advertised signs of bargain "roll-backs". Whatever Wal-Mart does seems to influence other businesses and the economy as well. Its main competitors seem to be Costco and...
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...Wal-Mart, an Organizational Analysis Kenneth Russell Strayer University Dr. Mary Tranquillo Bus. 310 November 6, 2012 Wal-Mart, an Organizational Analysis Introduction I will thoroughly discuss in detail the operation of Wal-Mart, the company’s strategies, legal concerns and various challenges the company faces. In addition, I will address any current (or anticipated) human resource issues concerning the expanding into the international market and make recommendations on how the organization can leverage its human resources to come out on top in a highly competitive market. Wal-Mart, an Organizational Analysis Describe the nature of the organization, its size, and any specific human resource challenges it faces. One of the most recognized retail chains around the world, Wal-Mart is an American public multinational corporation running chains of large discount and warehouse stores. Considered the largest public corporation when ranked by revenue, Wal-Mart boasts a staggering 2 million employees worldwide with approximately 1.4 million in the United States. (Wal-Mart, 2012). Wal-Mart is known for their brand of low prices and high volume which dominates the retail market. Wal-Mart’s mission statement and slogan sums it up in one simple phrase: “We save people money, so they can live better”. Wal-Mart’s idea and strategy is targeted at offering consumers a variety of name brand goods at competitive prices. Wal-Mart has over 10, 300 retail stores in 27 countries...
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... In addition, to the background and goals of the company, other factors such as the international business strategy, and the impact of globalization, cultures, and labor markets on human resource management function must also be addressed. There are also international human resource management functions that can be improved upon to better the productivity and competiveness of the multinational enterprise. The multinational enterprise that I have chosen to research and examine is Wal-Mart. A brief description of the enterprise Wal-Mart is considered to be the world’s third largest public corporation. It is family owned by the Walton family. Founded by Sam Walton in 1962, it is headquartered in Bentonville, Arkansas. In the 1980s, Wal-Mart continued to grow rapidly and by its twenty-fifth anniversary, there were over a thousand stores. In 2005, Wal-Mart had over six thousand stores around the world and employed over one million associates. As, the largest grocery retailer, Wal-Mart has over eight thousand stores in fifteen names under fifty-five different names. Wal-Mart is currently estimated to save families over two thousand dollars per year within the United States. Assess the impact of globalization, cultures, and labor markets on the human resource management function Wal-Mart comprises over four thousand stores internationally. They are mainly located in Argentina, Brazil, Canada and the UK. The company is the largest private employer within the United...
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...company I have chosen to research is Wal-Mart. Wal-Mart is a multinational corporation specializing in retail that operates a chain of department and warehouse stores. (Wal-Mart. Our Story. http://corporate.walmart.com/our-story. Walmart’s customer base is pretty much made up of everyone. However, according to Brenden Gallagher’s article, there are types of people that frequent these stores. The first type is the wild animals, the loners one would say. They are the ones that you see in school but never wanted to talk or have any interaction with them. Then you have the shoplifting teens, these customers are there just to cause trouble, then you have the dads that don’t normally do the shopping, but have been asked to go get something. They are the ones lost, wondering around the store searching helplessly to find that one item that he has been asked to bring home. Next you have the drug users, the stoners. These customers are there because of the vast variety of muchies available to them at all hours of the night. There is also the bored elderly couples that are just there to walk around the store just to get them out of the house, the middle aged divorce that could only be there to either sulk or look for the next husband. Let’s hope it’s the sulking not the latter. Then of course, you have to have the town gossiper there to see what he/she can find to spread around town, because we all know this is where everyone goes! I know I can’t go to Wal-Mart without having to stop and talk...
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...establishing the skills that the employees have, hoe their duties are preformed, and who those employees need to report to. Different factors play a huge role in what type of organizational structure and organization makes use of. Few factors include; what kind of work the company performs, how big or small the company is, geographic location of the company, the various products the company has, and even what kind of revenue dose the company manage to produce. In this paper, it will discuss the organizational structure for Wal-Mart. The comparison and contrast of different types of organizational structures that differs from Wal-Mart’s type. A brief discussion on how the organizations function can influence and can determine the structure design of Wal-Mart Wal-Mart Structure Wal-Mart was founded in Rogers, Arkansas in 1962. Wal-Mart Stores, Inc. was incorporated into the mix in 1969. (Wal-Mart Stores, Inc., 2014). Due to the huge employee base that Wal-Mart utilizes this company is a tremendous example on how it is vital to...
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