Walmart = Evil?
After reading the recent articles regarding the leaked Walmart memo regarding the hiring of “unhealthy” persons, I couldn’t help but be repulsed by Walmart.
Another retailer, CostCo, which battles Walmart’s Sam’s Club, is
almost the complete opposite of the Walmart in terms of business
practices, values, and principles. I dug up a little writeup from a
few months back:
Jim Sinegal = Hero
I was really moved by an article that I read about CostCo Ceo, Jim Sinegal.
“Costco’s average pay, for example, is $17 an hour, 42 percent
higher than its fiercest rival, Wal-Mart’s Sam’s Club. And Costco’s
health plan makes those at many other retailers look Scroogish.
Costco was founded with a single store in Seattle in 1983; it now has
457 stores, including two in the Houston area. Despite Costco’s
impressive record, Sinegal’s salary is just $350,000, although he also
received a $200,000 bonus last year. That puts him at less than 10
percent of many other chief executives, though Costco ranks 29th in
revenue among American companies.”
How’s this for being treated well…
I’m an hourly NON-MANAGEMENT employee at a non-union location who makes
$19.32 per hour and time and a half on Sundays for $28.98 per hour.
Besides this I get a bonus of $3,000 twice per year (full time
employee), I get FIVE Weeks of paid vacation each year, 8 paid
holidays, 6 paid sick days, I pay 4% of the total cost of my health
insurance, I get 2% back on all my purchases, I get a free turkey every
Christmas (winter holiday), ….
Did you know that a cashier at Costco who has worked for the company
full time for 4 years makes more money than an Assistant store Manager
Wait HERE’s A GREAT ONE THAT I ALMOST FORGOT!!!!! ONE THAT IS SURE TO MAKE THE LIBERALS FLAME!!!
If you are a Costco employee and leave the company to enlist in the
military, COSTCO HOLDS YOUR JOB FOR YOU FOR 5 YEARS!! AND IT GETS
BETTER! If you end your active military service (you can stay in the
reserves) and decide to come back to Costco within 90 days of your
discharge, Costco not only takes you back, BUT THEY TAKE YOU BACK AS IF
YOU HAD NEVER LEFT!!! You get the same or equal position and you accrue
raises and bonus eligibility based on how many hours you worked per
week for Costco before you left for the service!!!
So if you’re a full time employee with say 6 months on the job, you can
join the service, do a 4 year tour to get your GI bill, leave the
active duty military and come back to Coscto as a topped out employee
making $18.32 per hour with full benefits!!!!
Now that is impressive; all this stuff
really moved me (strange, I know). To me, this is what true patriotism is in the 21st century; it is supporting
your fellow Americans by giving them fair wages, good benefits, and treating them like
first class people. An honest business practice that actually
rewards the people that make the business profitable day-in, day-out? That’s
almost unheard of in todays environment of Enrons and Tycos. As the cherry on top of the whipped cream, CostCo is also
more profitable per square foot of retail space and per worker than Walmart…by a large margin:
Costco actually keeps its labor costs lower than Wal-Mart’s as a
percentage of sales, and its 68,000 hourly workers in the U.S. sell
more per square foot. Put another way, the 102,000 Sam’s employees in
the U.S. generated some $35 billion in sales last year, while Costco
did $34 billion with one-third fewer employees
Just goes to show you how fair pay, good benefits, and respectable
business practices do pay in the end as employees are far more
motivated, satisfied, loyal and, ultimately, far more productive.
I checked out their website and found out that they use ASP.Net 😀
CostCo just got another convert.