Tagged as OUR Walmart

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Demos Report: Walmart Would Benefit From a Higher Wage

Demos, a think tank based in New York City, this week released an updated version of its 2013 report on the feasibility of raising the wages of Walmart employees to at least $25,000 a year. A $25K annual wage has been a commonly-quoted figure when discussing the wages of Walmart employees, 825,000 of whom earn wages below that. It is also one of the immediate goals of OUR Walmart. OUR Walmart stands for Organization United for Respect at Walmart. It’s a nationwide group of current and former Walmart Associates working together to change the company for the better.

Demos’ report describes the flagging performance at Walmart, citing its lack of investment in human capital as one of the primary reasons for Walmart’s trend of declining sales. Underpaid associates and understaffed stores result in reduced performance, which causes Walmart to lose money. Additionally, the pay practices of Walmart have a negative influence on the local economy, with reduced spending and quality of health care common among those Walmart employs.

The solution for Walmart, Demos explains, is better human capital management. Last year, Walmart’s repurchasing of its own stock resulted in spending in excess of $6.6 billion – a practice with the goal of reducing the amount of publicly traded shares, increasing earnings per share. But if Walmart chose to invest that money into creating pay raises for its associates, Demos reports, it would likely benefit Walmart as a business as well as its associates and the economy, boosting production, performance, and sales.

Making Change at Walmart Stands with Walmart Associates in Bentonville, Arkansas

Washington, DC-Today, nearly 100 Walmart Associates who are part of a new associate-led organization traveled to Bentonville, Arkansas to speak out directly to company executives to ask for partnership in making change in stores across the country. The Organization United for Respect at Walmart (OUR Walmart) provides Walmart Associates an opportunity to join together to improve working conditions, their company, their own lives and most importantly, to gain more respect on the job.

“”The Walmart Associates who traveled to Arkansas today showed tremendous courage and sent a clear message that their concerns will no longer be silenced,” said Dan Schlademan, Director of Making Change at Walmart. “”These Associates are leaders for their company and an inspiration for others who want to make change at Walmart.””

“”Making Change at Walmart is proud to stand with these Associates who care about their company and their co-workers enough to come together and try to make it better. How Walmart treats Associates has a ripple effect on the rest of the retail industry and the economy as a whole. We will stand with these Associates until we make real change at Walmart. That change will improve their lives and their company, the working conditions for the retail and grocery industry, and the future for all working people.””