Walmart Claims It Is a Great Place to Work

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By Douglas A. McIntyre Published
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Wal-Mart Stores Inc. (NYSE: WMT) has started to run a series of ads in media such as The New York Times. The theme of the marketing messages is that it is great to work at Walmart. “Opportunity, That’s the Real Walmart.” It is a wonder that Walmart has to run the ads at all. The benefits should be self-evident to the public. Apparently Walmart thinks otherwise.

The advertising campaign centers on Walmart’s opportunities and benefits for employees. In a 30-second video, the world’s largest retailer describes the advantages one by one — 401(k) retirement plans, part-time workers can become managers, the matching of charitable giving, bonuses for part-time workers, 400 people promoted each day, health care insurance for payments of as little as $40 a month and education benefits. “There’s more to Walmart than you think,” according to the company.

Of course there is “more to Walmart.” It is strange that the company has decided to say as much in The New York Times, which really is not the ideal medium to recruit Walmart workers. The message must be meant for someone else.

Walmart clearly has decided to continue to remain aggressive as it battles a tidal wave of claims that it underpays its workers, offers them substandard insurance and maintains a workforce that is primarily made up of people who make little more than the minimum wage. Walmart employees have taken their case into the streets, protesting, threatening to walk out on Black Friday and disturbing the peace to the extent that some have been arrested.

Walmart’s fight over how it pays its workers has moved from a battle with these workers to the court of public opinion. In a sense, public opinion does not matter and Walmart has already won where it counts. Its stock trades near its 52-week high. There is absolutely no evidence that the protests have hurt customer store traffic.

None of its multitude of successes with the financial world and with customers has quenched Walmart’s sense that it has to prove something about how it treats its workforce. “I work at Walmart,” the new ads say. Yes, more than a million Americans do. But for some reason a large portion of them are not satisfied with their jobs.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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