Walmart Benefits

Politics/Social Issues - Politics

By: nomdeplume     10-Mar-2011

Introduction:

People have been quick to demonize Wal-Mart for its supposed poor wages and benefits. I disagree, the company offers excellent benefits, especially for the retail industry. Here are some of the great benefits Wal-Mart offers

Health Insurance

There is a waiting period for part-time workers of one year, but every associate is offered full health insurance after that waiting period. Whether an associate works 8 hours or 40 the cost is the same. Each year the plan changes slightly, but in 2011, Wal-Mart gave each associate $500 to apply towards health costs prior to having to meet the deductible.

401K Match

The company offers associates a full 6 percent match when the associate contributes 6% as well. This is one of the most generous 401k matches I've ever seen. There is absolutely no reason to not contribute. If you are a low wage earner, the government also gives a savings credit towards taxes for contributing, and then the Wal-Mart match on top of that.

15% Stock Discount

The company offers a 15% discount on purchasing company stock. An associate can contribute a substantial amount before hitting the company max each year. Wal-Mart stock also pays a nice dividend on top of the 15% discount. It's free money, associates need to take advantage of this opportunity.

10% Merchandise Discount

10% off on certain merchandise is a great benefit. During certain months, the discount covers all items except clearance items. Otherwise, all fruits and vegetables, and general (non-food) merchandise is 10% off.

Profit Sharing Bonuses

On top of all the other benefits, the stores that meet profit,sales, customer satisfaction metrics get bonuses. These payout can be hundreds of extra dollars per quarter.




Final Thoughts

Wal-Mart has been unfairly characterized as a bad employer. In some cases, in a company that employees 1.9 million people there have been problems. But overall, the company has awesome benefits for a retail job.


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Comments

  • tracyann 4/21/2011

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    Great list.

  • nomdeplume 3/12/2011

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    There have definitely been a few bad experiences, but for the most part the company seems to have a very generous benefits package. I forgot to mention that the company match to the 401k is 100% vested from day 1. Not bad at all.

  • Thorgrym 3/12/2011

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    I think that Wal-Mart is just so big that there will obviously be some negative experiences.


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