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?

Do you know this for a fact?  It seems that I see the same faces year
after year at my Wal-Mart.
> 
> > That's why you have profit sharing.  It's an incentive to lower
> > turnover.
> 
> yeah- that $50 check does a whole lot. of nothing!

That profit sharing check isn't a fifty dollar check, it's a check
paid out when a person leaves employment.  The policy is fairly
standard with companies that offer profit sharing.  It's considered a
'golden handcuff', designed to keep a person employed with the same
company for a long period of time.  You would be vested in a program,
the longer  you stay with the company, the larger your profit sharing
check.
K