Recruitment strategy

Recruitment, training and compensation strategy

[Name of the institute]

Introduction

This writing assignment will identify recruitment strategy which is being practiced in the Wal-Mart. Wal-Mart is an U.S. based multinational retail corporation which runs a number of store chain in different parts of the world. According to the published list of fortune 500, Wal-Mart is the third largest public corporation in the world which has over two million employees. This assignment will identify the business strategy which is being used by the Wal-Mart along with recruitment strategy, training and development strategy and compensation strategy.

Business strategy of Wal-Mart

Wal-Mart is using three specific business strategies which are Focus strategy, Overall Cost leadership and the Differentiation strategy. The Focus strategy is allows the organization to offer products and services to a specific target market. The Differentiation strategy used by Wal-Mart offers unique products at unmatched prices to their consumers. This is what Wal-Mart is famous for. The business strategy of the Wal-Mart differentiates it from other companies which are cost Leadership strategy. This strategy offers the consumers great quality service at lower prices. The business strategy of Wal-Mart has created entry barriers for the new entrants in the market. Wal-Mart has attained competitive advantage of low pricing which is the chief strength of the organization.

Recruitment and selection strategy of Wal-Mart

The recruitment process at Wal-Mart contributes to the accomplishment of the mission and goals of the organization. The goal of this process is to recruit the potential employee with the required skills and expertise. The hiring decision has significance to the organization.

Wal-Mart is currently at fourteen international markets and it is involved in rigorous hiring process to expand its business. During the first quarter of this year, it contributed to markets such as Mexico, Canada and China as a major contributor to total revenue growth ...