Betting that a better-paid, better-trained workforce will keep more customers satisfied.
No issue is more central to this year’s contentious U.S. presidential election than the anxiety of the average American worker about stagnating wages. But while Hillary Clinton and Donald Trump attempt to woo voters with their plans, Walmart is taking action. On Feb. 20, the world’s largest retailer gave more than 1.1 million hourly “associates” a raise as part of its $2.7 billion campaign, unveiled in 2015, to invest in its workforce. That same month, it launched “Pathways,” a program that will enroll 500,000 employees in its first year in a curriculum designed to teach job skills that could help them climb the income ladder. The investment appears to be paying off: Walmart says it has seen 90 weeks of increased customer satisfaction scores.
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The retailer needs to take responsibility for what’s on its site.
Most people would give up their loyalty to something better.
Some of the geeks were "drifting out to another universe."
Shares spiked after the Wall Street bank praised the retailer.
Back-to-school is expected to be a $83.6 billion bonanza.
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It appeared in a product description.
Companies on this year’s list employ over 28 million people worldwide, the highest total for the Fortune 500 ever.