[quote]Karado wrote:
Well Well, All this talk about ‘‘Walmart’’ from some who seem to be looking at the World
through a pair of empty toilet paper rolls…look around for a moment '‘BeachGuy498’, and don’t give in so easy
when you say ‘they have us where they want us’…what the fuck is that supposed to mean?
If anyone has a open secret recipe as how to run a business in the worst economy, it’s fucking COSTCO,
no matter that they have liberal leaning philosophy, whatever they are doing has been WORKING and the numbers
bear it out without question.
Walk around a COSTCO and feel how positive their Employees are compared to if you walk around a Walmart.
Many Walmart employees look drained and not very happy, the Costco employees…practically the polar opposite.
So the Brilliant Karado, ME, Had to see WHY?..WHY WHY WHY?.
First of all, COSTCO Employees are not only happy, they don’t fucking LEAVE!!
WHY… WHY WHY WHY??
Fact is Most CEO’s in America have their heads so far up their ass they can’t see daylight…ever see the
show UNDERCOVER BOSS?
Well if you do…A PATTERN emerges, and that pattern is, at the end of the show, one the main things
the CEO’s always say, loosly paraphrasing is…‘DUH, BDUH, BDUH, I had no idea what was going on with the little people
in our company, DUH I had no idea, DUH!’
COSTCO just may save America, IF companies do what THEY do…read the following, let it sear in your brain
like a fucking Farmer branding his livestock because these people have a fucking clue how to treat employees
and GROW in a fucked up economy…and no, I don’t work for them…yet, and ‘Beachguy’, grow some fucking balls
and don’t give up so easy, I thought you east coast boys were tougher than that.
- Employees have great perks. One 59-year-old worker who has been there for 26 years makes $52,700 a year, gets five weeks of vacation and has a nice 401k that Costco fills in with matching funds. About 88% of employees have health insurance from the company, and the medical plans offer great coverage.
“I just think people need to make a living wage with health benefits,” the company’s CEO, Craig Jelinek, told Stone. “It also puts more money back into the economy and creates a healthier country. It’s really that simple.”
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Employees are paid well. Hourly workers make an average of $20.89 an hour. Compare that with Wal-Mart (WMT -0.34%), which pays an average of $12.67 an hour, Stone reports.
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Sales keep soaring. They have grown by 39% since 2009, even while other retailers have struggled in the economic downturn.
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Costco is extremely frugal. It’s generous with employees, but the executive offices in Washington have faded blue carpet, faux-wood tables and cheap art prints on the walls, Stone reports. The previous CEO made only $325,000 a year, though the current one makes more than twice as much. Still, other retail bosses make millions.
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It doesn’t hire business school graduates. Instead, it promotes employees from below and even pays for workers to attend graduate school. As a result, 70% of its warehouse managers started at the bottom, Stone reports.
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No one leaves. Certainly the low employee turnover says something is going right. The turnover rate is only 5% for employees who have been there for more than a year, Stone reports. Among executives, the rate falls to less than 1%.
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The stock price is on fire, soaring nearly 40% over the past two years. For any employee holding stock or options, that share price run-up is one more reason to stay with the job.
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I love Costco, but might have to switch to Sam’s just because of location.
This is my only objection to what you wrote so work with me. Costco only has 3 locations in Houston, and Wal-Mart has a bunch more. If Costco had the same overhead that Wal-Mart has then their pay might come down, but with that said maybe not. Costco’s business model is very different from Wal-Mart/Sam’s. When you have to travel a bit of a distance you spend more money. Everytime I shop at Costco I leave there spending around $300. We do that once to twice a month. Wal-Mart being so close to home and work I can run in and grab just a few items and spend $20. Two very different business models.
I love the fact that Costco keeps their employees and treat them fairly. I enjoy seeing the same people working there all the time. You get to know them by name. They stay because they do not have the skills to go anywhere else without taking a pay cut. You save money as a business by not having to hire new people and train them. Wal-Mart is ok with training new people all the time, so they keep paying that cost, and Costco would rather pass those savings to the employees in their paycheck.
Fuck Walmart maybe it will give a store a chance to compete that would be better for the economy of DC