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Resolutions Be it resolved that: PowerPoint PPT Presentation

Resolutions Be it resolved that: . The company pays fair wages to employees and fair prices to suppliers of goods. . PRO. Fair Wages. National minimum wage is only $5.15 per hour (www.dol.gov).

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Resolutions be it resolved that

ResolutionsBe it resolved that:

The company pays fair wages to employees and fair prices to suppliers of goods.


Final group powerpoi

PRO


Fair wages

Fair Wages

  • National minimum wage is only $5.15 per hour (www.dol.gov).

  • The national average wage for full-time Wal-Mart employees is $10.11/hour (www.walmartfacts.com).

  • Wal-Mart wages also reflects the cost of living in particular regions.

    • Higher wages in urban areas where there are greater expenses

  • Wages alone prove that Wal-Mart provides fair wages


Wal mart healthcare and benefits

Wal-Mart Healthcare and Benefits

  • Wal-Mart offers a medical plan

    • Pays for 2/3 of employee’s benefits.

  • Wal-Mart offers an educational opportunities program

    • Reimbursement for completion of GED.

  • Wal-Mart offers a family care program.

    • Discounted child care and free professional counseling.


Jobs market

Jobs Market

  • Wal-Marts provide jobs for many

  • New and more Wal-Marts = more jobs for those communities


Jobs for everyone

Leading employer of Hispanic Americans, with more than 139,000 Hispanic associates

Leading employers of African Americans, with more than 208,000 African-American associates.

Jobs for Everyone


Final group powerpoi

More than 220,000 of their associates are 55 or older.  They employ more than 775,000 women.

Also…

Also new jobs for suppliers from other parts of the world.


Overseas

OVERSEAS

  • Wal-Mart holds a positive reputation among their suppliers here in the United States and overseas. A Wal-Mart's study found that Wal-Mart has a largely positive effect on Americans' lives, and that its low prices give consumers more buying power by holding down prices throughout the economy.


Final group powerpoi

  • Global Insight found that Wal-Mart's presence holds down prices of consumer goods in the U.S. by 3.1 percent. The effect is both direct, Wal-Mart's own low prices, and indirect, suppliers and rivals reduce their prices to sell to or compete with Wal-Mart. The report says that on average Americans that shopped at Wal- Mart saved $118 billion in 2004, or $402 per person, thanks to Wal-Mart.


Final group powerpoi

  • The reason we are able to benefit from the low prices of Wal-Mart is largely because of the overseas suppliers. It costs less for certain goods to be manufactured overseas and that allows for the lower prices here at home. We are able to benefit from that directly.


Final group powerpoi

  • To date, we have cooperated with about 20,000 suppliers in China. We ranked No.1 “Good Credibility and Accurate and Prompt Payment” for several years in a row by China Chain Store & Franchise Association and the Department of Enterprise Consultation Service of International Business Machine China Co. Ltd. (formerly Pricewater House Coopers Co. Ltd.). We always treat our suppliers as partners and grow with them. “

    Reference: <http://www.wal-martchina.com/english/walmart/index.htm>


Final group powerpoi

Wal-Mart will continue to expand investment and cooperation in China and contribute to the economic development through the following aspects:Increase procurement and support export of Chinese products to other countries in the worldIncrease investment in China, especially in the west parts of China, to response to the governmental policy of "Developing the West" Create more employment opportunities and generate more taxes to benefit local economyWork closely with consumer goods manufacturers, share our information and resources, and support manufacturing enterprises to improve production, technology and management skillsIntroduce our advanced retailing techniques and experience to promote the Chinese retail industry standard and development.


Final group powerpoi

  • You can see Wal-Mart is greatly concerned about their suppliers and the relationship and standing that they hold. They continually strive to keep that relationship/partnership positive.


Final group powerpoi

CON


Wal mart wages

Wal-Mart Wages

  • A considerable number of employees earn far below the poverty line.

  • In 2001, a sales associate earned an average of $8.23 an hour, earning $13,861 yearly. The poverty line for a family of 3 in 2001 was $14,630.

  • Cashiers earn approximately $7.92 per hour at 29 hours a week. This brings the annual wages to $11,948. (2003)

  • Wal-Mart associates don’t earn enough to support a family: In 1999, the average budget for a two-person family was $23,705…as compared to an employees earned average of about $13,861.

  • Wal-Mart can afford a wage increase for its employees: a dollar an hour increase in pay could be provided by raising prices a half a penny per dollar…this would result in about $1,800 more a year for an employee.

  • Community Impact:lower wages means less money going into the community and contributing to other wage and income decline.

  • According to a 2003 National Labor Committee report: a Honduran worker sews clothing for Wal-Mart at a rate of 43 cents per hour. After spending money on daily meals and transportation to work, the average worker is left with around 80 cents a day to pay for rent, bills, childcare, school costs, medicines, emergencies, and other expenses.

Kristen Carty


Unpaid overtime

Unpaid Overtime

  • Wal-Mart forces employees to work off-the-clock

  • In their 2005 Annual Report, Wal-Mart faced 44 wage and hour lawsuits

  • Wal-Mart was recently ordered by courts to pay up to 120 workers in New Mexico, and 400 workers in Oregon for violating wage and hour laws.

  • Wal-Mart violates the Fair Labor Standards Act :One week of time records from 25,000 employees in July 2000 found 1,371 instances of minors working too late, during school hours, or for too many hours in a day.

  • There were 60,767 missed breaks and 15,705 lost meal times. [Steven Greenhouse, “Suits Say Wal-Mart Forces Workers to Toil Off the Clock,” New York Times, A1, 6/25/02]

  • In 2002, a federal jury found that Wal-Mart employees in Oregon were forced to work overtime without pay. 83 of these workers were entitled to back pay, and lawsuits just like these are pending in 28 states. (christianitytoday.com)

Kristen Carty


Unions

Unions

  • Across the country, workers have launched a massive drive to organize a union at Wal-Mart, demanding better wages and working conditions.

  • Employees at more than 100 stores in 25 states are currently trying to unionize the company.

  • Wal-Mart has responded to the union drive by trying to stop workers from organizing -- sometimes in violation of federal labor law.

  • In 10 separate cases, the National Labor Relations Board has ruled that Wal-Mart repeatedly broke the law by interrogating workers, confiscating union literature, and firing union supporters. (www.motherjones.com)

Kristen Carty


Health care benefits

Health Care & Benefits

Wal-Mart’s Health Care Plan Fails to Cover Over 600,000 Employees

Wal-Mart reports that its health insurance only covers 48% of their employees. Wal-Mart has approximately 1.3 million US employees.

Part-timers—anybody below 34 hours a week – must wait 2 years before they can enroll. Moreover, part-time employees are ineligible for family health care coverage. Full-time hourly employees must wait 180 days (approximately 6 months) before being able to enroll in Wal-Mart’s health insurance plan. Managers have no waiting period. (Wal-Mart 2005 Associate Guide)

Holly . Phillips


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  • Despite $10 billion in profits, President and CEO Lee Scott said, "In some of our states, the public program may actually be a better value - with relatively high income limits to qualify, and low premiums." (Transcript LeeScott Speech 4/5/05)

  • In 2003, Wal-Mart spent $1.4 billion on its health insurance. This amounts to an employer contribution of around only $0.75 an hour per employee. This accounts for approximately a half-percent of Wal-Mart's $259 billion in sales in 2003. (Wal-Mart 5500 Filings, Wal-Mart Annual Report).

Holly Phillips


Non health care benefits

Non-Health Care benefits

  • Wal-Mart sponsors two retirement plans — a profit sharing plan and 401(k) plan — neither of which guarantee workers a fixed monthly pension benefit.

  • Wal-Mart has shifted risks to employees by concentrating investment in its own stock. Wal-Mart fails to provide a secure retirement benefit for its employees.

  • From January 2000 to January 2005, the average adjusted share price of Wal-Mart’s stock lost more than a fifth of its value.,

  • Wal-Mart's retirement plans are Enron-like -- in 2003, 67% of their combined assets were invested in Wal-Mart stock.

  • Wal-Mart has stated that it has contributed around 4 percent of its earnings to its combined profit sharing and 401(k) accounts. For 2003, this would come out to a $302 a year contribution per employee.

Holly Phillips


Jobs market1

JOBS MARKET

  • Wal-Mart taking other jobs and business

  • Every Wal-Mart opened it creates 150 to 350 new jobs, but puts out 53 to 253 existing jobs, for a net gain of 97 new jobs

  • But, new employees are dealing with decrease in wage with few benefits

  • Suppliers of goods are loosing employees

  • Suppliers of goods are loosing business (moving to China)

    Reference: Abigail, Goldman, & Cleeland, Nancy. (2003). Wal-Mart Effect; An Empire Built on Bargains Remakes the Working World. Los Angeles Times, A.1.

Gaby Millan


Jobs suppliers of goods

Jobs/Suppliers of Goods

  • Suppliers are not gaining anything from Wal-Mart being the number one retailer

  • American consumers are the reason why Wal-Mart has its power because they are demanding and Wal-Mart is supplying

  • Suppliers have no choice but to supply to Wal-Mart due to being #1 retail store or else they lose their business as well, Who else are they going to sell to?

  • We American consumers are responsible for the crisis in wages and lost of well managed businesses that existed before Wal-Mart

    Reference: Smith, Hedrick. (Producer), & Young, Rick. (Director). (2004). Is Wal-Mart good for America? [Motion picture]. Alexandria, Va.: PBS video.

Gaby Millan


Wal mart job opportunities come with problems sex discrimination

Wal-Mart job opportunities come with problems…..SEX DISCRIMINATION

Reference: http://www.cmht.com/pdfs/cwwalmart3.pdf

Gaby Millan


You still don t believe it

You still don’t believe it…

Reference: Reference: http://www.cmht.com/pdfs/cwwalmart3.pdf

Gaby Millan


Wal mart u s store saturation problem is only rising

Wal-Mart U.S. Store SaturationProblem is only rising

Reference: http://www.windwhip.net/~walmart/walmart_store_saturation_US.gif

Gaby Millan


Overseas1

Overseas

  • Wal-Mart co-determines the price of a product from a company.

  • Rubbermaid, Levi Strauss, General Electric, Masterlock, and Dial Soap

  • More than 1 million manufacturing jobs have been lost since 2000.

Reference: Freeman, R. , & Tichnor, A.  (2003, November 14).  Wal-Mart is Not a Business, t’s an Economic Disease [Electronic version].  Executive Intelligence  Review.

Amanda Camp


Inquisitors

INQUISITORS


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