Walmart to Stop Paying New Employees Extra to Work Sundays

Walmart (WMT) plans to stop paying its staff an additional $1 an hour for working Sundays starting next year,according to Bloomberg.

The move won’t affect the 1.4 million current U.S. employees of the world’s largest retailer, only those hired after Jan. 1, spokesman Greg Rossiter told Bloomberg. The change will take effect at Walmart stores, Sam’s Club outlets and warehouses.

During the past six quarters, Bentonville, Ark.-based Walmart has been suffering from a decline in same-store sales (for stores open at least a year) in the U.S., while expenses have been rising. CEO Mike Duke, who stands to make $19.2 million in total compensation in 2010 according toForbes, has pledged to slow cost growth. One way is by trimming the discount retailer’s biggest expense — labor.

See full article from DailyFinance:http://srph.it/gztEII

[CAS]

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This blog and its accompanying Twitter account have been established as social media learning tools for the Internal Communications and Employee Engagement class at Columbia College Chicago. Through this blog, we will share our observations about current events, change management and employee communications theory, and the application of social media in shaping employee engagement.
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