Compensation and Rewards Analysis
April Rivera Haley OettingerNikia WoodardTed BarrettCardinal Stritch UniversityManaging Change MGT 545March 23, 2015Table of ContentsABSTRACT 3 Assessment of the impact of the change on the organization 4-6Analysis of Benefit and Reward Program Implementation 6-9Detailed Communication Strategy 9-11 Sustaining Changes 11-12Recommendations for dealing with change in the future 12-15Childcare Incentives 15-19Conclusions 19-20References 20-22
Abstract Walmart, the world’s largest retailer, is now embarking on it journey to gain a competitive advantage in the marketplace by attracting and retaining human capital and increasing employee satisfaction and motivation. Founded in 1962, as a traditional retail store in Bentonville Arkansas, Walmart has grown from a basic general store managed by its founder, Sam Walton, to establishing 8,000 retail stores worldwide. Not growing weary of its small beginnings, Walmart has made its presence and intentions known to companies, that they’re here to dominate all aspects of the retail world (Laudon, & Laudon, 2012). Although Walmart has a wealth of experience in the retail arena, Walmart has a strong hand in the market, due to their larger and recognizable brand. They have the ability to offer low prices on merchandise because of their size and ability to keep overhead cost down. Walmart’s inventory replenishment system allows them to competitive, as items are restocked as soon as an item reaches the checkout counter. Their flexibility and ability to fine-tune their inventory to carry exactly what customers want has been their method to maintaining their competitive edge (Laudon, & Laudon, 2012). Based on size and presence, Walmart is seeking to add benefits and rewards to the current compensation package, these additions would be beneficial to a company maintaining its competitive advantage.