Wal-Mart Stores, Inc. (NYSE:WMT) Pushes Ahead on Hiring in Greenwood

As Wal-Mart Stores, Inc. (NYSE:WMT) prepares to open its new store in Greenwood, the retail-store giant has commenced the staff hiring process. It’s recently opened hiring center, temporarily located at Meridian Meadows, will accept applications for 300 associate jobs, at the soon to be opened store. Wal-Mart’s Greenwood store will hire both full-timers and part-timers.

The openings are also open to qualified Veterans, via its Veterans Welcome Home Commitment.

Known to be one of the largest private sector hirers in the country, Wal-Mart Stores, Inc. (NYSE:WMT) has had run-ins with employee dissatisfaction over low-wages as recent as December last. Wiser by the experiences and continued pressure from workforce organizations, Wal-Mart finally upwardly revised the wages in February last week.

Wal-Mart will pay minimum wages of $9 per hour, which is expected to be increased to $10 by next year. Nearly a year ago, most retailers, such as Gap Inc. and Ikea, had revised their minimum wages, marking the end of the financial recession.

Typically Wal-Mart Stores, Inc. (NYSE:WMT) minimum wages per year are the de facto standard, considering the staggering 1.3 million employees it hires nation-wide. However, the present price rise will be applicable on 40% of its workforce, costing Wal-Mart $1 billion a year.

While unions and activists pressurize the government to introduce $15 per hour as the ‘minimum’ living wage, Walmart’s recent revisions appear to be unsatisfactory.

However, in Greenwood, the opening of the new store is eagerly awaited. It means produce and meat will be available fresh, locally. Besides opening up an enormous opportunity for employment and a local selling platform for farmers around, Walmart’ low-pricing of its inventory remains the icing on the cake, for Greenwood residents!

Store Manager, J.R. Johnson, reported that Walmart in Greenwood is an exciting event, at the core of which is the hiring of a ‘strong team of associates’! Wal-Mart’s minimum wages hike is apparently a strategy to overcome higher expenses of training new workforce as the attrition rate is roughly at 40% in recent times!

Lisa Ray

Lisa Ray primarily covers Retail and Healthcare. Lisa Ray has completed her MBA (Finance) and an avid market tracker. She is a stock market analyst who closely tracks US markets along with other global markets like India. She has been expressing her views for years about markets and also advises various clients.

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