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Old 02-15-2014, 08:59 PM  
petegz28 petegz28 is offline
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Rejecting Walmart Strategy, Trader Joe’s Pays Employees A Living Wage And Wins

We’ve watched as places like Walmart, Papa John’s, Target, Applebee’s and other businesses continue to pay sub-par wages while claiming their only option for profit, given the economy and their being “forced” to provide employees with insurance, is to either cut employees’ hours and/or their wages. This miserly strategy is justified and implemented despite the fact that research shows that raising wages would actually “benefit workers, the industry and the overall economy.”

Yet in the midst of Scroogian thinking, a handful of smarter businesses have stepped to the forefront to reject this “austerity” model for a different philosophy right in line with research: pay a good living wage, offer benefits and maximize one of your most important “assets”: your valued workforce. Top on that list of smart retailers is Costco; Tulsa-based convenience chain, QuikTrip, and consumer favorite, Trader Joe’s.

Trader Joe’s is particularly notable as a store that inspires an almost cult-like appreciation from its customers. Founded by its namesake, Joe Coulombe, the precursor of Trader Joe’s was a convenience store launched in Los Angeles in 1958 with the rather unimaginative name, Pronto Market. Deciding it wouldn’t be in his best interest to attempt to compete with the ubiquitous marketplace leader, 7-Eleven, Coulombe ultimately decided to specialize; rumor has it he got the idea of a “South Seas motif” while on a trip to the Caribbean, where he noticed American travelers enjoying and bringing back to the States unique items with an island flair. He opened his first official “Trader Joe’s” in Pasadena in 1967 (the original store is still there!) and it was an immediate hit; a 2008 Business Week article made the point that Trader Joe’s “sells twice as much per square foot than other supermarkets.”

Given its profitability, one might assume that, like Walmart and Target, it was operating under the strategy of categorizing employees as a “business cost” that needs to be minimized and kept under tight control. One would be wrong. From The Atlantic:

Many employers believe that one of the best ways to raise their profit margin is to cut labor costs. But companies like QuikTrip, the grocery-store chain Trader Joe’s, and Costco Wholesale are proving that the decision to offer low wages is a choice, not an economic necessity. All three are low-cost retailers, a sector that is traditionally known for relying on part-time, low-paid employees. Yet these companies have all found that the act of valuing workers can pay off in the form of increased sales and productivity. [Emphasis added.]

QuikTrip, Trader Joe’s, and Costco operate on a different model, Ton says. “They start with the mentality of seeing employees as assets to be maximized,” she says. As a result, their stores boast better operational efficiency and customer service, and those result in better sales. [... ]

The approach seems like common sense. Keeping shelves stocked and helping customers find merchandise are key to maximizing sales, and it takes human judgment and people skills to execute those tasks effectively. To see what happens when workers are devalued, look no further than Borders or Circuit City. Both big-box retailers saw sales plummet after staff cutbacks, and both ultimately went bankrupt.

There is also the issue of consumer perception. Places like Walmart and Papa John’s, one a retailer, the other a food service provider, both suffered and continue to take negative PR hits for paying low wages, “nickel-and-diming” employees on the issue of insurance benefits, and appearing to place the burden of economic change and demand on the backs of their workforce, all the more galling when company CEO’s are making multimillion dollar profits. Consumer good-will and the general perception of a business tend to take a beating when those at the helm come off as greedy, unethical, and denigrating of their workforce.

Trader Joe’s, Costco and Quik Trip, on the other hard, have engendered loyalty and expanded their public good will with positive, worker-protective strategies that exhibit the importance they place on their most valued asset: the people working for and with them, whose skills and hard work are essential to a healthy bottom-line. And that is, after all, the goal of any smart company.

Given its profitability, one might assume that, like Walmart and Target, it was operating under the strategy of categorizing employees as a “business cost” that needs to be minimized and kept under tight control. One would be wrong. From The Atlantic:

Many employers believe that one of the best ways to raise their profit margin is to cut labor costs. But companies like QuikTrip, the grocery-store chain Trader Joe’s, and Costco Wholesale are proving that the decision to offer low wages is a choice, not an economic necessity. All three are low-cost retailers, a sector that is traditionally known for relying on part-time, low-paid employees. Yet these companies have all found that the act of valuing workers can pay off in the form of increased sales and productivity. [Emphasis added.]


http://www.addictinginfo.org/2013/03...wage-and-wins/
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Old 02-16-2014, 10:26 AM   #76
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Originally Posted by PunkinDrublic View Post
According to conservative doctorine, Costco and Hobby Lobby should be out of business with the inflated wages they pay. It couldn't be that having a low turnover rate actually saves you money by not having to constantly train new employees.
You don't seem to understand conservative doctrine (by which I assume you mean capitalism). You are focused on a single factor that goes into the equation of whether or not a business is viable. There are all kinds of trade offs to be made. Prison Bitch mentions one just before your post.
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Old 02-16-2014, 12:07 PM   #77
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Originally Posted by HonestChieffan View Post
What would someone working at walmart with same level job get paid?
Min wage
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Old 02-16-2014, 12:15 PM   #78
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Originally Posted by HonestChieffan View Post
What would someone working at walmart with same level job get paid?
Do your own homework if you want to know so bad, please.
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Old 02-16-2014, 12:16 PM   #79
HonestChieffan HonestChieffan is offline
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Min wage
an assist manager night shift....I somehow don't believe that.
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Old 02-16-2014, 12:16 PM   #80
petegz28 petegz28 is offline
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Originally Posted by WhiteWhale View Post
The sign at my store says they start at like 7.70/hr for clerks and managers at like 32K/year.

Honestly I don't think that's much different than what Walmart pays here for retail clerks and managers. I have no idea what benefits they may provide their employees though nor do I know how they operate with pay increases.
Don't know where you are but $7.70 is below minimum wage here.
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Old 02-16-2014, 12:17 PM   #81
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Originally Posted by petegz28 View Post
Do your own homework if you want to know so bad, please.


Oh now Pete. Are you really going to be all pouty. You have these gross allegations and when asked the most simple thing to substantiate your point you go and get pouty and snarky.
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Old 02-16-2014, 12:20 PM   #82
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Originally Posted by HonestChieffan View Post
Oh now Pete. Are you really going to be all pouty. You have these gross allegations and when asked the most simple thing to substantiate your point you go and get pouty and snarky.
Gogole is your friend. Stop being a little patteeu, already. According to Glassdoor you aren't getting over $11.00 avg.at Wal-Mart until you hit some level of management. Depends on where you live, I'm sure.
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Old 02-16-2014, 12:42 PM   #83
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Originally Posted by HonestChieffan View Post
Oh now Pete. Are you really going to be all pouty. You have these gross allegations and when asked the most simple thing to substantiate your point you go and get pouty and snarky.
- Caught him red-handed!!!

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Old 02-16-2014, 12:50 PM   #84
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Old 02-16-2014, 02:56 PM   #85
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If you don't support mega corporations paying their employees sub living wage, subsidized by the US taxpayer – then you hate freedom.

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Old 02-16-2014, 04:01 PM   #86
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According to conservative doctorine, Costco and Hobby Lobby should be out of business with the inflated wages they pay. It couldn't be that having a low turnover rate actually saves you money by not having to constantly train new employees.
Pretty dumb post.
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Old 02-16-2014, 04:01 PM   #87
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I like to support these kind of businesses but as pointed out Costco employee's far fewer people. Forklifting whole pallets of stuff into place is far more efficient than having people hand stock shelves. Selling in bulk is probably more cost-effective per employee. Costco is also noted for being incredibly frugal

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The Issaquah (Wash.) headquarters of Costco, 20 miles from Seattle, radiate frugality. The floor of the executive wing is covered in faded blue carpet, and in the boardroom, six faux-wood tables—which would look at home in a public school teachers’ lounge—are jammed together. On the walls are several Van Gogh and Picasso prints (less than $15 at Art.com), along with two badly staged photographs of the company’s board of directors. In one, a picture of Jelinek’s head has been awkwardly taped onto the frame, hovering above a Weber grill.
I guess part of what I'm saying is they are fairly unique. These stores are undoubtedly getting their pick of employees and probably getting employees who really buy into the stores success. If everyone copied the strategy, it would probably be less effective as the employees wouldn't feel like they're getting a really good deal.
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Old 02-16-2014, 04:02 PM   #88
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Old 02-16-2014, 04:14 PM   #89
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Not that it matters to any of this, but my Costco has been open for 10 years or so. There's several workers there I recognize every time I go in--they have been there since the place opened.
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Old 02-16-2014, 04:54 PM   #90
HonestChieffan HonestChieffan is offline
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Not that it matters to any of this, but my Costco has been open for 10 years or so. There's several workers there I recognize every time I go in--they have been there since the place opened.
And the malls are busy so economy is rocking /bep


and you call other people stupid? **** all


apology to BEP
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