Here is the synopsis of our sample research paper on Compensation at WalMart. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 12 page paper looks at the way compensation at WalMart is provided and assesses how WalMart compensation for shop floor workers impacts on performance. The paper argues that the design and implementation undermines a good employment relationship. The paper looks at the relevant literature and then at the way that compensation, including wages and other benefits, have developed. The bibliography cites 12 sources.
Page Count:
12 pages (~225 words per page)
File: TS65_TEwalcompensation.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
are designed. The business needs of a firm, especially in a recession or recovery, include the constraint and control of costs, which will inherently include wage and compensation scheme costs.
Concurrently, employees will desire high wages and comprehensive compensation packages. The pressures require careful balancing, with the needs of the business and employees met. Traditionally, the way in which then
needs have been balanced has been the result of market forces with reference to the supply and demand for labor. Employers needing to provide sufficiently good compensation packages to attract
and retain the required number of suitably skilled employees at the same time as providing profits for their owners and having sufficient funds to manage operations and pursue the chosen
strategy. Compensation packages are more than simply wages, the way they are offered and designed will not only attract and retain staff but may play an important role
in motivating the staff, impacting on overall productivity of a firm. For this reason firms need to consider the way in which compensation is offered; not only the level, but
different variables, such as non financial benefits and non tangible rewards. Research has indicated that employees who feel that they are rewarded well, in both financial and non financial terms,
are more likely to perform well compared to employees who feel they are poorly rewarded (Buchanan and Huczynski, 2010). It is noted that perception is the key factor rather than
the actual value of the compensation (Buchanan and Huczynski, 2010). WalMart is the worlds largest retailer and employs in excess of 1.4 million employees in North America. The firm
is the largest private employer in North America (WalMart, 2012). However, while the firm may extol the virtues of the compensation packages which are offered, they have also faced a
...