Family Values: Costco vs. Wal-Mart

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Let's compare some workplace statistics, as reported by the companies...

Employees covered by company health insurance
Costco 82%
Wal-Mart 48%

Insurance-enrollment waiting periods (for part-time workers)
Costco 6 months
Wal-Mart 2 years

Portion of health-care premium paid by company
Costco 92%
Wal-Mart 66%

Annual worker turnover rate
Costco 24%
Wal-Mart 50%

Read more about this here.

The Wal-Mart people need to go read Doug Smith's On Value and Values.

Why does Wal-Mart want this? This is not a PR problem, Wal-Mart. It's a values problem. Again, read Doug Smith.

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A Bain report from early this year: "Migrating costs to low-cost countries (LCCs) has moved from being an "interesting idea" to an imperative for most industrial companies, but it's a "must do" that too often is managed with ambivalence.... Read More

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This page contains a single entry by Christian Sarkar published on November 4, 2005 11:01 AM.

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