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Wal-Mart stores incorporated, is the largest American multinational retail chain corporation that operates in the United States as well as in 27 other countries under 55 different banners. It deals in a wide assortment of products but in the US it is the largest grocery retailer with a large client base being low-income earners of all races and backgrounds. Its competitors are mainly the small individual stores across all the countries it operates.
Walmart is easily the largest private employer in the entire world with an estimated 2 million employees across all its stores. This has been its major source of controversy and challenges since it has faced many lawsuits involving issues of gender discrimination, poor working conditions, low wages, health care, and anti-union policies.
For the reward strategies, Walmart has to design a reward program that it will use to reward employees that show seriousness and commitment in their operations. Employee relations is quite important as it is the only channel the management can get to know what is happening among the employees and the challenges they’re facing. Once employee relations are improved, results are likely to be good since employees will now be working without any stress. As for the training and development strategies, Walmart should devise ways of improving their employees through frequent training and development seminars and sessions that improve the quality of the employee besides helping them understand their roles better. Motivational strategies are quite vital since these are the ones that will get the employee working flawlessly without taking their eyes off the goal. A motivated employee translates to increased quality and quantity of output.
Holbeche, Linda. Aligning Human Resources and Business Strategy. London: Routledge, 2010. Print.
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Good Competitive Strategy Application Essay Example. Free Essay Examples - WowEssays.com. https://www.wowessays.com/free-samples/good-competitive-strategy-application-essay-example/. Published Mar 13, 2020. Accessed May 18, 2021.