Current Market Conditions Paper

Essay by brownie99University, Bachelor'sA+, November 2009

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Walmart which began as a small business in a small Arkansas town has now developed to be one of the largest employers in the United States of America. Though, Walmart has grown to have stores all over the nation, many people don't know and realize how big and powerful this company has become. "Wal-Mart employs more people than any other company in the United States outside of the Federal government, yet the majority of its employees with children live below the poverty line" (PBS, 2000). When people this of Walmart they think low prices, but what they don't know is that Walmart has provided millions of jobs to Americans for many years.

Walmart has been able to stay competitive during the economy crisis by paying reasonably low wages and offering minimal benefits to its employees. By offering low pay and minimal benefits, Walmart has been able to minimize operation cost and maintain the low prices offered in their stores.

An employee at Walmart relatively makes between $14,000 and $19,000 a year. The reasoning of Walmart's employee low wages is to keep the low prices on the products. Walmart in not a union company and is simply trying to avoid becoming a union organization. Employees at Walmart receive yearly raises to show appreciation to the faithful and hard working employees.

To show appreciation to the employees at Walmart, the company offers them may type of benefits from; medical coverage to retirement saving plans. The benefits offered medical coverage, dental coverage, pharmacy benefits, 401k plans, and discounted prices for employees only. Every employee at Walmart is eligible to receive a low costing health coverage staring at $8 per month. Once employees become eligible their children become eligible too. Walmart offers their employees 10% off their general merchandize. A website with...