Wal-Mart Memo: Unhealthy Need Not Apply
Wal-Mart is the world's largest retailer as well as the largest U.S. private-sector employer, and currently in their HQ a storm is brewing over a leaked memorandum to the board of directors. The memo proposes numerous ways to hold down spending on health care and other benefits while seeking to minimize damage to the retailer's reputation. Among the recommendations are hiring more part-time workers and discouraging unhealthy people from working at Wal-Mart.
In the memo, M. Susan Chambers, Wal-Mart's executive vice president for benefits, recommends a plan to take "5 bold steps" in order to take less of a hit from rising health insurance costs. Some ideas include reducing 401(k) contributions and wooing younger, and presumably healthier, workers by offering education benefits. The memo voices concern that workers with seven years' seniority earn more than workers with one year's seniority, but are no more productive.
Chambers even wants......
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Approximate Word Count: 448
Approximate Pages: 2 (260 words per double-spaced page) |