Walmart, what a pain

   / Walmart, what a pain #31  
You're exactly right and Walmart is getting so big they don't really care anymore. You should be on the other side for how they treat their employees. They have a tremendous turnover of employees and only pay minimum wage.
 
   / Walmart, what a pain #32  
Comon now, Wallyworld just got sued in Texas for insuring the life of a janitor for $60,000- payable to Wallyworld of course, leaving his widow penniless.
So it was against Texas law, Wallyworld had an explanation, they bought the policy in Arkansas, and they even claimed the payouts from those policys were used to buy benefits for the rest of the employees.
Wallyworld, my kind of store, screw customers and employees equally. They even have a policy of firing sick workers.
 
   / Walmart, what a pain #33  
Richard your right about the high turn over rate. I worked at a a home improvement store for 19 months before I decided I couldn't take it any more. Our store manager used to tell us at the Managers meetings that the average career in retail is 18 months. I used to open my department (electrical) at 7 AM on a saturday and be the only one until 1 and sometimes 2PM. The scheduling was done by a computer program based on last years sales at the same time of the year. Corporate would not let the Management add to that schedule. Every employee that works has to be paid, and salary can not exceed 5 percent of sales (with a 4 percent goal) according to corporate. Although the manpower was reduced, the employees responsibilities were not. At my store, the Manager could pay you anything he wanted, but he was graded and rewarded on profit margin by corporate.
To all that criticize(sp?) the employees, stand 8 hours in their shoes helping customers among all the other things you have to do, and see how long you can take it.[/rant]
Sorry, but I felt you all should see it from "the associates" side too.
 
   / Walmart, what a pain #34  
Franz,

The Wall Street Journal ran a series of articles about this last week - it's called "janitors insurance" and apparently is quite a large income item to many companies.

The rules vary state by state, but, in general, a company can buy life insurance on an employee and receive the proceeds without anything going to the employee or their family.

It's called Corporate Owned Life Insurance (COLI).

Apparently is a very widespread practice.
 
   / Walmart, what a pain #35  
Actually we are incorporated and use the very same loophole to purchase life insurance on ourselves. It's all tax deductible and you can even use it as a retirement vehicle and overpay the insurance and use the extra to invest however much you want a year tax free.
 
   / Walmart, what a pain #36  
There was some deal about this on the news the other night - just can't remember what "news" it was - (was it the "10:00 news" or some "Dateline" type show...?) /w3tcompact/icons/hmm.gif Talk about timely!!!
 
   / Walmart, what a pain #37  
RanchMan, with my old memory, I wouldn't say for sure, but I thought it was Tom Brokaw on NBC at 5:30 p.m. a couple of days ago.
 
   / Walmart, what a pain #38  
I see we're on our annual "kick that nasty successful Wal-Mart around a bit" thread again.
First off, let me say that I have no Wal-Mart stock ... although that would be a safer investment than some of mine ... and I'm not an employee of or supplier to Wal-Mart (in other words, no vested interest) ... nor am I a competitor.
I am, however, an interested observer since I shop there from time to time and my wife's handicapped son works at the store in Nacogdoches. That store employs at least a dozen handicapped folks and I don't believe ANY of them are paid minimum wage. The store here in Midland, Michigan employs some handicapped folks. How many other employers are so willing to employ the handicapped? Especially the very handicapped? The greeter at our store is probably one of those thalidomide babies ... stub arms and legs ... operates her motorized wheelchair with a mouthstick. Not very useful as an employee but it sure makes a statement. Yeah, I know all the naysayers will say it's just publicity .... but, regardless, they hired her instead of just spending that amount of money on advertising.
On to the products ... there were the usual "no made in America goods" comments. Wonder why that is? I remember some years ago when they made a major effort - with major advertising too - to stock the store with stuff that was stickered "Made in America"? Hmmm, do you think that could have failed because people were shopping by price and quality and not by a sticker????
No staff or undertrained staff? Golly ... that is just SO different than any other store I go into. Heck, I have to run away from staff in all the other stores ... not! You know, some of us - well, me anyway - don't actually depend on people that are educated so well that they work in retail (sorry, no offence intended to retail workers) for our information. We have research tools available (like TBN) so that we know what to look for before we go to the store. What are the odds that the kid (or retiree) in the automotive section will be an expert in the qualities of various hydraulic oils? And tire comparisons? And how to hook up the waste connectors on your RV? And which bondo products are better for your fibreglas boat? I'd submit that if he (or she) were expert in all that ... they'd likely be paid big bucks elsewhere instead of working the swing shift.
Bottom line .... no one forces you to shop there ... but at least be honest about why you don't like them. They drove some mom-and-pop shop out of business? Well duh! Isn't that the American way? Isn't competition and doing it better, faster and cheaper what built this country? Mom-and-pop were peacefully coexisting with other mom-and-pops?
Personally, I prefer the local alternative, Meijers .... but I shop at Wal-Mart if I think they'll have what I want. And I'm at Sam's at least once every two weeks. Oh and no service? I was looking for a watchband (mine broke in the Netherlands last week) yesterday and I'd just started to rotate the display when a clerk came up, asked if she could help, took my watch, found the right size, grabbed one of each band that matched that size, set them in front of me and then took the one I chose and installed it. I was in and out - and happy - in less than 5 minutes. AND I also bought too much ... saw a display of fluorescent fixtures that were just right fo rth ebarn and I had been thinking of replacing several and adding more ....

Oh and K-Mart ... I stopped shopping there when that oversized anti-male, anti-family, anti-gun spokesthing started speaking for K-Mart. Of course, the fact that the local K-Marts are the opposite of Wal-Mart - dirty, dingy, poorly stocked, etc ... certainly helped.

One last thing ... life insurance. I haven't seen this one reported but I'm confused. It's a bad thing that they're collecting insurance that they paid for? Help me out here ... are you saying that if you insured your car and collected on that insurance, that would be wrong? Not trying to equate a person (Janitor) with a thing (car) .... just trying to understand what the problem is. They weren't socialist enough for you?
 
   / Walmart, what a pain #39  
Wingnut,

Thanks. The only thing on TV is storm warnings. Yous are much more entertaining!

Chuck
 
   / Walmart, what a pain #40  
That's called "dead janitor" or "dead peon" insurance. Maybe instead of worrying about companies collecting on insurance they paid for we ought to be worrying about the regressive tax laws that force these kind of practices.
 

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