Wal-Mart`s Resource Management
Wal-mart key strength exists in human capital management. Wal-mart biggest strength is in recruitment, training, development and retaining skilled and efficient employees. Wal-mart invests time and money in employees in order to keep up the international reputation it has acclaimed hitherto. Remarkably, wal-mart products are true value for money and a one-stop-shop for all range of products. A view on HRM of Wal-mart Wal-Mart Stores, Inc.
is the world’s largest retailer with a record of $256. 3 billion sales in the year 2004. The company has 1. 6 million associates worldwide. New recruitments of hourly paid workers have to wait up to six months for receiving benefits and part-time workers are eligible to join the plan only after completion of service of two years. Workers are offered health plans and insurance schemes.
According to the vice-president Wal-Mart, based in Bentonville, Ark., about 40% of employees were not covered under health plan before joining the company. “These are people who probably would have fallen through the cracks before coming to Wal-Mart. ” International HRM strategies Strategic International Human Resource Management (SIHRM) is catching up in this era of globalisation and is considered as most important to companies all over the world. A great research on SIHRM is being considered by multinational corporations.
Wal-mart believes in global commitment with diversity in serving 176 million weekly customers worldwide. The collective hard work of the company is reaching the consumer end through efficient functioning of employees. References SWOT analysis at Wal-Mart Reviewed on 23 January, 2007 http://marketingteacher. com/SWOT/walmart_swot. htm Even at giant companies many lack health benefits Reviewed on 23 January, 2007 http://www. careerjournal. com/hrcenter/articles/20031113-fuhrmans. html