Average Pay At Walmart Vs Target Essay

In recent years, Walmart has gotten the jump on Target by being the first to announce a series of base pay hikes. In February 2015, Walmart said it would raise base wages for 500,000 workers to at least $9 an hour, with an increase to $10 an hour in 2016. That year, Walmart also gave raises to more than 1.2 million hourly workers, which pushed the average hourly full-time store employee up to $13.38 an hour.

Target followed suit with its own wage increases in 2015 and 2016, promising a $10-an-hour base last year.

“Target has always offered market competitive wages to our team members,” Brian Cornell, Target’s chief executive, said in a statement announcing the new base rate. “With this latest commitment, we’ll be providing even more meaningful pay.”

On Monday, a Walmart spokesman said the company is always reviewing where its stands in terms of pay.

“We’re committed to providing pay and training for our associates that is competitive in the market,” said the spokesman, Kory Lundberg.

Target’s $11-an-hour base pay exceeds the minimum wage in 48 states and matches the pay floor set by Massachusetts and Washington State, two of the 19 states that raised their minimum wages at the start of the year. It far exceeds the federal base, which has remained at $7.25 an hour since 2009.

Retail is the largest private-sector employer in the United States, according to the National Retail Federation. Cashiers receive a median hourly wage of $9.40, while sales associates receive $9.77 and store managers are paid $14.86, according to compensation tracker PayScale.

But Target, like many retailers, is struggling to adapt to e-commerce and pricing pressures. Earlier this month, the company said it would cut prices on thousands of products, stoking concerns from investors. The Minneapolis-based chain, which has been trying to clean up after a data breach in 2013 that compromised the data of millions of customers, agreed in May to pay $18.5 million to 47 states and the District of Columbia in a settlement. Target’s stock price is down 16 percent this year.

Target is probably responding in part to ever-present “Help Wanted” signs as it tries to recruit and retain workers, said John W. Budd, a professor at the University of Minnesota’s Carlson School of Management. But the company could also be trying to convince consumers that it is a good corporate citizen before lawmakers try to push up the timeline for minimum wage increases.

“I wonder whether a small part of this is to shift the narrative, to wrest back control of the agenda, before negative publicity causes the public to clamor for greater legislative action,” he said. "After all, businesses prefer to set their own terms and conditions of employment.”

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Target vs. Walmart – Which One Is a Better Place to Work?

Online salary database PayScale.com recently released a new set of employer information, based on survey responses from employees from a variety of companies, including large retailers. For instance, did you know that Target and Walmart are nearly equal in terms of the gender split between their employees? Fifty-three percent of Target’s workforce is female, while women make up 59 percent of Walmart’s staff. And though their respective headquarters are on opposite sides of the map (Walmart makes its home in Bentonville, Ark.; Target is located in Minneapolis, Minn.) the two count the great state of Texas, especially Houston, as having the biggest concentration of employees. And, according to PayScale, both groups of employees report that they have been schooled at University of Phoenix more often than any other institution. Among both workforces, the skill sets are also aligned. Most of the staff at both retailers is well-versed in Microsoft Office and Microsoft Word. Use of customer service metrics is also common, however more of Target’s employees are proficient in project management and leadership skills while Walmart staff concentrates on developing its sales and retail pharmacy knowledge. .cta-inline-survey-start { clear: both; float: none; background-color: #eb5f00; box-sizing: border-box; font-family: 'Roboto', sans-serif; font-size: 16px; margin-bottom: 23.8px; padding: 1.5em; text-align: center; width: 100%; } .cta-inline-survey-start h2 { color: white; font-weight: 300; font-size: 2em; margin-top: 0; margin-bottom: 0.8em; } .cta-inline-survey-start button { background-color: transparent; border: 2px solid white; color: white; cursor: pointer; font-family: 'Roboto', sans-serif; font-size: 1em; font-weight: 300; padding: .75em; } @media (max-width: 1017px) { .cta-inline-survey-start { font-size: 14px; } } @media (max-width: 941px) { .cta-inline-survey-start { font-size: 13px; } } @media (max-width: 812px) { .cta-inline-survey-start { font-size: 12px; } } @media (max-width: 600px) { .cta-inline-survey-start { font-size: 14px; } } @media (max-width: 550px) { .cta-inline-survey-start { font-size: 13px; } } @media (max-width: 475px) { .cta-inline-survey-start { font-size: 12px; } } Do You Know What You're Worth? GET A FREE PAY REPORT Where the two differ –but not by much—are in what they pay employees. Target offers bigger wages for salaried workers, but hourly employees such as cashiers earn the same at both retailers. Here’s a comparison of eight popular positions and the median wage for each. 1. Greeter/Floor Sales Representative Target: $6.77 – $12.06 Walmart: $6.98 – $12.18 per hour 2. Cashier Target: $7.38 – $10.27 per hour Walmart: $7.30 – $10.40 per hour 3. Retail Store Assistant Manager Target: $48,003 per year Walmart: $42,134 per year 4. Retail Store Manager Target: $65,960 per year Walmart: $60,326 per year 5. Retail Pharmacist Target: $114,492 per year Walmart: $106,138 per year 6. Department Manager, Retail Store Target: $48,457 per year Walmart: $29,211 per year 7. Customer Service Sales Associate Target: $7.34 – $16.76 per hour Walmart: $7.79 – $12.75 per hour 8. Laborer, Freight, Stock, Material Mover Target: $6.93 – $14.08 per hour Walmart: $7.35 – $14.90 per hour As for time off, Target starts out by offering slightly more vacation for workers with less than a year’s tenure. Those with one year of experience at the store typically get a week off with pay. At Walmart, it’s the same. The biggest disparity between Walmart and Target are in employee bonuses. Walmart is much more generous for some positions, offering its assistant store managers $2,948 as opposed to Target’s $2,457. Store managers at Walmart get a whopping $9,958, nearly double Target’s $4,880 for the same job. There’s one other discrepancy to note. More than half of Target employees, 51 percent, report that they are overachievers. Walmart, on the other hand, had only 44 percent declare themselves highly motivated, dedicated workers. More Career and Salary ArticlesIndustries with the Best Wage GrowthTop Employers of VeteransTop Paid Jobs Post-Military ServiceJobs with High Starting Salaries Share53 +11 Share Tweet Reddit Pin EmailShares 54

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