2.0 Company Review: Wal-Mart
3.0 Issues: Motivation, Compensation and
5.0 Change Management
Word count: 2,660 words
'Change happens all the time. Some embrace it while others avoid it. Unfortunately, for business, societies and individuals to advance, changes need to occur.' (Sun Microsystems, Inc.) It is vital for the Human Resource Management to focus on issues that requires special attention. Things change, but an organization must be fully equipped with all the necessary factors that affect the HRM system from being at a satisfactory level.
The company that I have chosen to review and analyze on the current Human Resource Management issues and how to implement change management is Wal-Mart.
2.0 Company review: Wal-Mart
Wal-Mart is an American public multinational corporation specializing in discount retailing. Founded by Sam Walton in 1962, there are a total of 9005 stores and club locations in 15 countries today with the employment of more than 2.1 million associates. Wal-Mart is one of the most successful retailers in the world today, and is also one of the most admired companies based on the 2004 issue of Fortune Magazine (Stein, 2003).
Wal-Mart's strategy lies in the attributes of its strong corporate culture that originally came from Sam Walton. (Wal-Mart Stores, Inc., 2003)
While having a strong culture is highly sought after in organisations, Wal-Mart has been severely criticized on its questionable human resource practices, such as non-unionization, low wages, and discrimination against women. These are the issues affecting employee performance and contributing to the performance of the organization.
Sambrook (2000, p.159) stated that 'the Human Resource Management plays an important role in leveraging the knowledge of the...