logo image

Wal-Mart Essay

Wal-Mart is facing problems like high employee turnover, union problems etc. Wal-Mart assertively opposes any kind of union movements, as they are targeted by unionizing efforts constantly. In the attempt to prevent unionization, the company has been found to take up illegal means on many occasions. Wal-Mart has allegedly fired employees who have been sympathetic to unionization. It has also shut down departments and stores where the workers have voted in favor of unionization.

According to their report the average pay in Wal-Mart is $9. 68 per hour. This is 12. 4% lower than the average wages in the retail industry, even if you adjust the figures for geographical factors. The average pay in U. S. is $17. 80 per hour while larger retailers pay about a 15% more and unionized grocery employees are paid about a 30% more. A direct competitor of the company’s Sam’s Club, Costco also pays about $16 per hour (Miller, 2006). Issues regarding compensation plans for international companies in China

With the economic reforms initiated by Deng the Chinese economy was found to shift to market economy, from the Marxism policy that it followed prior. This encouraged the competition in the market and profit incentives; but the

Need essay sample on "Wal-Mart"? We will write a custom essay sample specifically for you for only $ 13.90/page

scope for planning was reduced. The primary purpose of the strategies was to promote the four modernizations in industry, science, national defense and agriculture. These would help raise China to the same stature as other countries with medium development, according to per capita production.

The country can also thrive towards opulence among its people by the middle of the 21st century. The reforms by Deng mainly focused on agriculture in the year 1980, then later in the mid 1980s made addition to the Special Economic Zones. The responsibility system by Deng replaced the commune and collectivization system. This system of Socialism modified with Chinese individuality was in many ways similar to the capitalistic system.

Capitalism is a system where by the state is found to govern sections of the economy. “One Country, Two Systems” policy permits two politically and economically diverse systems to exist in China at the same time (Hulme, 2006). The high speed growth was triggered in China in about the late 80s and in helped assist close to 300 million of the population from the poverty line; The GDP figure for China in 2006 ranked fourth in the world ($2554 Billion. )

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy