 Company Name : Walmart

 Submitted By :
Umar Hanif

 Submitted to :
Ma’am Sadia

 Subject :
Compensation Management

 Depart :
IBMAS

 Semester :
5th(Hrm)

 Roll No :
1028
 Walmart’s Portfolio:
Walmart is a multinational
retail corporation and operates a diverse range
of businesses. Here are some key components
of Walmart's basic portfolio:

Walmart Stores: The company operates a chain of

discount department stores, hypermarkets, and
supermarkets under the Walmart brand. These
stores offer a wide range of products, including
groceries, apparel, electronics, home goods, and
more.

Walmart Supercenters: Walmart Supercenters are

larger-format stores that combine a traditional
Walmart store with a full-scale grocery store. They
offer a broad range of products, including general
merchandise, fresh produce, meat, dairy, and
bakery items.
Sam’s Club: Walmart owns and operates Sam’s
Club, a membership-based warehouse club. Sam’s
Club offers bulk products and goods at discounted
prices to both individual customers and
businesses. It provides a variety of products,
including groceries, electronics, furniture, and
office supplies.

Walmart eCommerce: To compete in the growing

online retail market, Walmart has made significant
investments in its e-commerce operations.
Through its website, Walmart.com, customers can
purchase a wide range of products online,
including groceries, electronics, clothing, and
more. Walmart also offers services like online
grocery pickup and delivery.

International Operations: Walmart has a

presence in multiple countries around the world.
It operates retail stores and e-commerce
platforms in various international markets,
including Canada, Mexico, the United Kingdom,
China, Brazil, and others.

Private Label Brands: Walmart has a range of

private label brands, which are products sold
under Walmart’s own brand names. These brands
include Great Value (groceries and household
products), Equate (health and personal care
items), Mainstays (home goods), and others.
Private label brands provide customers with
lower-cost alternatives to national brands.

Financial Services: Walmart offers various

financial services, such as money transfers, check
cashing, bill payment services, and prepaid debit
cards through Walmart MoneyCenters located in
its stores. It also provides co-branded credit cards
in partnership with financial institutions.
 Walmart Company’s Hr Practices:

Associate Development and Training: Walmart
places a strong emphasis on training and
development programs for its associates
(employees). They provide various training
opportunities, including on-the-job training, e-
learning modules, and leadership development
programs. Walmart aims to enhance the skills and
knowledge of its associates to support their
career growth.

Performance Management: Walmart utilizes a

performance management system to assess the
performance of its associates. This system
includes regular performance evaluations,
feedback, and goal setting. The company
encourages open communication between
managers and associates to ensure performance
expectations are clear and progress is monitored.
Diversity and Inclusion: Walmart promotes
diversity and inclusion within its workforce. The
company believes in creating an inclusive work
environment where individuals from diverse
backgrounds and experiences can thrive. They
have implemented initiatives and programs to
foster diversity, including recruitment efforts,
diversity training, and employee resource groups.

Competitive Compensation and Benefits:

Walmart offers competitive compensation
packages to attract and retain talented
individuals. They provide benefits such as
healthcare coverage, retirement plans, associate
discounts, and access to financial services.
Walmart also introduced a program called
"Pathways" that provides opportunities for
associates to advance their careers and increase
their earning potential.
Work-Life Balance: Walmart recognizes the
importance of work-life balance for its associates.
They have implemented flexible scheduling
options and paid time off programs to support
their well-being. Walmart also offers various
resources and assistance programs to help
associates with personal and family challenges.
Safety and Well-being: Walmart prioritizes the
safety and well-being of its associates. They have
established comprehensive safety protocols and
training programs to ensure a safe work
environment. Walmart also provides resources
and support for physical and mental health,
including access to healthcare services and
wellness programs.
Employee Engagement: Walmart focuses on
employee engagement to foster a positive and
motivated workforce. They encourage open
communication, seek feedback from associates,
and provide opportunities for recognition and
rewards. Walmart also organizes events and
activities to promote team building and employee
morale.
  Walmart has implemented various
compensation practices to attract and retain
talented employees. Here are some key
aspects of Walmart’s compensation
practices:

Competitive Pay: Walmart aims to

offer competitive wages to its employees. The
company regularly reviews and adjusts its pay
scales to align with market rates and remain
competitive within the retail industry. Walmart
strives to provide fair compensation that reflects
employees’ skills, experience, and job
responsibilities.
Hourly Pay and Pay Structure: Walmart
predominantly employs hourly workers in its
stores and distribution centers. The company has
a structured pay scale based on job positions and
experience levels. Hourly employees may receive
pay increases based on factors such as
performance, tenure, and market adjustments.
Pay for Performance: Walmart utilizes a pay-for-
performance approach to reward and recognize
employees who consistently meet or exceed
performance expectations. Through performance
evaluations and assessments, employees have the
opportunity to earn merit-based pay increases
and bonuses.
Benefits and Perks: In addition to base pay,
Walmart offers a range of benefits and perks to its
employees. These benefits may include
healthcare coverage, retirement plans, associate
discounts, stock purchase plans, paid time off, and
access to financial services. The specific benefits
provided can vary based on an employee’s
position and eligibility.
Career Progression and Advancement: Walmart
provides opportunities for career progression and
advancement. The company has implemented
programs like “Pathways” to support employees’
professional development and growth. Through
training, education, and performance-based
assessments, employees can enhance their skills
and qualify for promotions and increased
responsibilities, which often come with higher
compensation.
Variable Compensation: Walmart has
implemented variable compensation programs for
certain roles and positions. For example, sales
associates may be eligible for commission-based
incentives or bonuses based on their sales
performance. These variable compensation
programs provide additional earning
opportunities based on specific performance
metrics.
Total Rewards Approach: Walmart takes a
comprehensive approach to compensation,
considering both monetary and non-monetary
rewards. In addition to competitive pay, the
company focuses on providing a total rewards
package that includes benefits, career
development opportunities, work-life balance
initiatives, and recognition programs.
 Walmart’s market and competitive pay
structures :
Here are some key points regarding
Walmart's market and competitive pay
structures:

Market-Based Pay: Walmart aims to establish

pay structures that are competitive within the
retail industry and aligned with prevailing
market rates. They conduct regular market
research and analysis to evaluate
compensation levels and ensure that their pay
scales remain competitive.
Regional and Local Factors: Walmart
considers regional and local factors when
determining compensation. The company
takes into account factors such as cost of
living, labor market conditions, and
competitive practices specific to each
location. This approach helps Walmart adjust
wages based on the unique characteristics of
different markets.
 Job Evaluation and Classification: Walmart
utilizes job evaluation and classification
systems to determine pay levels for various
positions. Jobs are typically grouped into job
families or categories based on factors such as
skill requirements, responsibilities, and
market demand. This enables Walmart to
establish consistent pay structures across
similar roles.
Market Surveys: Walmart conducts regular
market surveys to gather information on
industry compensation trends and practices.
These surveys involve analyzing salary and
benefit data from other retailers and similar
companies. The insights from these surveys
help Walmart benchmark its pay scales and
make appropriate adjustments.

 Walmart’s Legally and dicretionary benefits

in detail :
Health Insurance: Walmart offers health
insurance coverage to eligible employees,
including medical, dental, and vision plans.
The specific coverage options may vary based
on factors such as employment status and
location. The company complies with
applicable laws, such as the Affordable Care
Act (ACA) in the United States, which
mandates certain health insurance
requirements for eligible employees.
Retirement Plans: Walmart provides
retirement savings plans, including a 401(k)
plan, to eligible employees. These plans allow
employees to contribute a portion of their
earnings to a retirement account, and
Walmart may match a percentage of those
contributions. The details of the retirement
plans can vary based on eligibility criteria and
local regulations.
Paid Time Off: Walmart offers paid time off
(PTO) to eligible employees, which can be
used for vacations, personal time, or illness.
 The specific PTO policies and accrual rates
may vary based on factors such as
employment tenure, position, and local
regulations.
Social Security and Medicare Contributions:
Walmart complies with legally mandated
contributions to Social Security and Medicare
programs as required by law in the countries
where it operates. These contributions
support employees’ future Social Security and
Medicare benefits.

 Discretionary Benefits:

Associate Discounts: Walmart provides

associate discounts to its employees,
allowing them to save money on purchases
at Walmart stores and online. The discount
percentage may vary based on the type of
products or services.
 Stock Purchase Plan: Walmart offers an
Employee Stock Purchase Plan (ESPP) that
allows eligible employees to purchase
company stock at a discounted price. This
provides an opportunity for employees to
invest in Walmart’s stock and potentially
benefit from its performance
Tuition Assistance: Walmart offers a tuition
assistance program to eligible employees who
wish to pursue further education. This
program provides financial support for
qualifying educational expenses, such as
tuition, fees, and textbooks.
Advancement and Career Development:
Walmart focuses on providing advancement
opportunities and career development programs for
its employees. Through initiatives like the
“Pathways” program, employees can access training
and development resources to enhance their skills
and advance their careers within the company.