I'm not a Wal-Mart basher. I shop there, and I'm not bothered by the big box store.
But I'm glad I don't have to recruit for associates at the store level, because that would stink. Not because they don't have good candidates coming through, but they have NO TOOLS to close them. Comp is middling at best, customers are irritable about 90% of the time, and when you walk out the doors after your shift, you have to do that crosswalk dance where you try not to get run over as the Camry with the tunes turned up decides whether to gun it or be a nice guy 5 feet from the door...
But I digress...
The biggest issues impacting Wal-Mart's ability to recruit are Comp and Benefits. Since I don't have data on the Comp side, let's look at Benefits. Ever since that nasty memo came out, Wal-Mart's been on a PR mission to say things are improving. That's a good thing. But how good are things really?
Here's some data from a recent press release from Wal-Mart touting the fact that 92.7% of their associates have health care coverage:
"Associates surveyed cited the following sources for their health care coverage:
- 50.2 percent – Wal-Mart plan;
- 22.3 percent – Spouse;
- 7.3 percent – Uninsured;
- 4.3 percent – Medicare;
- 4.2 percent – Parents, school or college;
- 3.2 percent – Other/previous employer;
- 2.4 percent – Individual policy;
- 2.3 percent – VA or military;
- 1.9 percent – Medicaid;
- 1.2 percent – State program other than Medicaid; and
- 0.7 percent – Another source than those listed above.
Total: 100 percent"
So they have health care coverage. But about half don't get it from Wal-Mart. Oh, NOW I get it...
Hat tip to John Hollon on this one. I had the press release in my inbox, then he had something up two hours later. That's fast coverage I can't match. But I agree with his analysis - the title to the press release, which touts 92.7 coverage, is opportunistic at best.
That kind of stuff gives spin a bad name. I think Wal-Mart's better than this.