Walmart\'s recent HR practices are shaping the organization to in the growth pat
ID: 373855 • Letter: W
Question
Walmart's recent HR practices are shaping the organization to in the growth path. Being employees as an integral part has increased the blonginess of employees towards the company. Motivation to female workers, right to take decision to provide better service to customers, has increased ownership among employees. In result of the same, the organization is growing and making their employees also grow in terms of motetary and other benefits.
These HR practices has a goal to ensure that every employee fits his job and organization well. Doing timely job analysis, measuring employees performance, knowledge managent and compensation plan are some activities which helps in achieveing Walmart objectives. The results of performance analysis, appraisals, rewards etc are other motivating factors for employees. Training and developming work force as per their interest areas helps every employee in performing well.
All these fair HR practices give Walmart a competitive advantage by achieveing its Strategic Objectives. This makes the employee secure and improves the ability to take decisions for betterment of self and organization.
Explanation / Answer
Wal-Mart uses growth as a tool to develop their strategies. to achieve the growth that Walmart has chosen as a primary measure, Walmart implements the strategies of Market penetration, Market Development, and Product development. To achieve market penetration Walmart aggressively sells all the product categories to its customer segment by providing them discounts, promotional offers etc. Walmart implements Market development strategy by expanding into different regions and expanding their customer base. Walmart implements Product development strategy by introducing new products, eg: samç choice private label products.
The ideal HR policy for implementing this strategy of growth would include a huge contribution to the employees of Walmart. Hence, HR practices should focus towards better employee management, lucrative incentive plans, Health & other benefits, flexible workplace, proactive workplace etc. By implementing these HR practices employees would feel attached to the brand name and they would work proactively.
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Walmart in recent years was deemed not a good organization to work from an employees perspective given the wage structure, treatment to women employees for promotions. Walmart soon understood the importance of these factors and reshaped the HR practices of the organization. Walmart started considering employees as an integral part of the company leading to increased belongingness of the employees towards the company. Walmart motivated female employees to join the workplace and made sure of the fair treatment of all the women. Besides that Walmart gave the authority to employees to act on the spot and take the decision to make the customer satisfied with the service. with a more horizontal and proactive work culture, Walmart could now march towards its vision of growth.
- How effective are these current practices in meeting the strategic HR needs, facilitating the firm's accomplishment of its strategic objectives, and in achieving and maintaining a competitive advantage?
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