Re: Say NO NO NO to Wal-Mart!!!

"SoCalMike" <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
> "kavking" <[EMAIL PROTECTED]> wrote in message
> news:[EMAIL PROTECTED]
> > [EMAIL PROTECTED] wrote in message
>  news:<[EMAIL PROTECTED]>...
> > > George states: (of profit sharing)
> > > "...current employees get a very, very small fraction of that amount."
> > >
> > > Wal-Mart banks on that huge turnover of employees to keep their profit
> > > sharing in their coffers.
> > >
> >
> > Nobody banks on turnover.  Turnover is extremely expensive.  It's
> > cheaper to pay profit sharing than it is to recruit, hire, orient, and
> > train people over and over again.
> 
> which is why half their employees leave in a given year?

I don't think you're right here.  I shop at Wal-Mart and see the same
faces year after year.
> 
> > That's why you have profit sharing.  It's an incentive to lower
> > turnover.
> 
> yeah- that $50 check does a whole lot. of nothing!

And have you received a check?  Is this how you know that it's a
$50.00 check?  It would seem that when you receive your profit sharing
check it would be a one time thing, when you terminate your
employment.  Profit sharing is an incentive, a golden handcuff, that
keeps people around a long time.  It would certainly be a lot more
than fifty dollars.
k