The American multinational retail giant has built a successful brand name across the globe. Walmart operates a chain of supermarkets, department stores, and grocery stores. Over the last two decades, Walmart has continuously expanded its operations all over the world and has emerged as the largest company in the world in terms of revenue.
The worldwide operations of Walmart are carried out through 10,524 Walmart stores operating in the world. The American multinational conglomerate is also the world’s largest private employer as it employs 2.2 million people all over the world. Walmart provides its workforce with a wide range of employee benefits and employee discounts.
Role of employee discount
With the advent of globalization, more organizations look forward to offering an array of employee discounts to their employees. Employee discounts play an important role in the employment relationship between the employer and the employee. Generally, employee discounts serve the following purposes –
An employee discount program can help the organization attract more employees and make its recruitment program more effective and successful. Employee discounts help the employees to save a considerable chunk of their hard-earned money. So employees view it as an important aspect of the employee benefits package. Employee discounts serve as a cost-effective tool to reward the workforce of an organization for their efforts which contribute to the growth and success of the organization. Employee discounts can help the business organization to motivate its workforce towards achieving better results and realizing their full potential. Employee discounts promote employee loyalty. Employee discount programs can be used as an important tool to establish loyalty amongst the workforce towards the business organization. The local workforce of any organization serves as one of the primary aspects that contribute to the growth and survival of the business organization in the fiercely competitive business world.
Walmart employee discount
Walmart is well known to take care of its employees by providing them with a lucrative employee benefits package. Employee discounts serve as an important constituent of the Walmart employee benefits package. The various employee discounts provided by Walmart are discussed as follows –
Employees working at Walmart are provided with an associate discount card. This card can be used by Walmart associated to avail themselves of a 10% discount on the purchase of fresh fruits, vegetables, and merchandise offered by Walmart stores. Walmart not only provides discounts on the products offered by Walmart itself but also helps the employees to grab exclusive discounts on products and services offered by other brands. For this purpose, Walmart has established associate discount centers. These discount centers enable Walmart associates to get several discounts related to travel services, mobile plans, and entertainment services. Walmart provides the employees with an opportunity to participate in the stock purchase plan. Walmart stock purchase plan helps the employees to purchase Walmart shares at discounted prices.
Conclusion
Employee discounts offered by Walmart promote employee savings. As a large-scale employer, Walmart is certainly committed to the well-being growth and well-being of its workforce. The employee discounts showered by Walmart upon its employees are useful to both the employees and Walmart itself. These employee discounts help the Walmart workers to save their money and put the saved money to more productive use. So it is quite right to say that Walmart has left no stone unturned to provide its employees with a proper working environment that supports the Walmart associates in their day-to-day work.
Frequently asked questions
Question 1. Who decides the rate and nature of employee discounts which are to be offered by the business organization?
Answer 1. The top-level management of the organization carries the onus to decide the range of employee discounts to be provided to the employees of the organization.
Question 2. How does providing employee discounts enable the organization to promote its products?
Answer 2. Employee discounts motivate the workers of an organization to buy the products offered by an organization at attractive discounted prices. When employees use the products of the organization, they can become loyal customers of the organization and help to attract more customers.
Question 3. Is Walmart a good company to work for?
Answer 3. Walmart is the largest employer in the world certainly has developed itself as a suitable workplace that offers a multitude of career advancement opportunities to its employees. Moreover, the employees are provided an attractive package of employee benefits which help them in various ways in their professional and personal life.
Question 4. Which discounts can be availed by Walmart employees through Walmart associate discount center?
Answer 4. The Walmart associate discount center helps the associates to obtain discounts on services such as hotel bookings, purchasing theme park tickets, choosing mobile plans, visiting zoos and aquariums, and purchasing movie tickets at theatres.
