Compensation and Benefits 3

Compensation and Benefits 3

Introduction

Walmart is an American multinational retail corporation that includes a chain of huge discount departmental stores along with warehouse stores. As a matter of fact, compensation and benefits plan outlines different factors including the monetary and non-monetary benefits (Noe et. al., 2011). The environmental factors will be discussed in this essay with their widespread practical implications.

Discussion

Monetary and Non-Monetary Types of Employee Compensation

Formal Pay Structure

Walmart's formal pay structure is highly competitive in the market where the turnover rate is high. On average the full-time wage of an associate is $ 10.76 per hour that is ...