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posted by cmn32480 on Saturday May 16 2015, @03:30PM   Printer-friendly
from the happy-employees-make-happy-customers dept.

Wegmans is a family-owned grocery store chain. NYTimes noted it can actually claim a "cult following".

The Center for American Progress reports

It manages to have a huge selection while offering prices that can compete with Walmart, but that it does it while treating its employees well.

The perks start with pay, which for hourly store employees is a little more than $33,000 a year on average. By contrast, Walmart has admitted that more than half of its employees make less than $25,000 a year.

[...]but that's not what makes the company famous for employee satisfaction, landing it on Fortune's 100 Best Companies to Work For list every year since the list began. It also offers generous benefits. It pays about 85 percent of the costs of health care coverage, including dental, for its full-time employees and offers insurance to part-time workers who put in 30 hours a week. It offers 401(k) plans with a salary match of up to 3 percent of an employee's contribution.

And it has a scholarship program[...]

Wegmans also offers more work/life balance than most retail jobs.[...]

These benefits aren't just altruistic. The company generates $7.1 billion in revenue and is profitable. "When you think about employees first, the bottom line is better," the company's vice-president for human resources has said. The company boasts a 5 percent turnover rate among full-time employees, compared to a 27 percent[paywall] rate for the industry. That comes with a cost, as it often eats up about 20 percent of a worker's salary to replace him.

 
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  • (Score: 3, Informative) by Appalbarry on Saturday May 16 2015, @04:45PM

    by Appalbarry (66) on Saturday May 16 2015, @04:45PM (#183783) Journal

    Sadly, that probably means a couple of local concerns - just barely hanging on against WalMeier anyway, will end up folding because they'll no longer be able to compete.

    A business that can only survive by paying employees poverty wages has bigger problems than having people hired away.

    If a couple of bucks an hour will shut you down your business is either very poorly managed, or more likely wasn't really viable to begin with.

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  • (Score: 2) by Joe Desertrat on Saturday May 16 2015, @06:15PM

    by Joe Desertrat (2454) on Saturday May 16 2015, @06:15PM (#183794)

    If a couple of bucks an hour will shut you down your business is either very poorly managed, or more likely wasn't really viable to begin with.

    And when most job growth is in service industries that by nature are are barely viable it leads to an unstable economy. Most of them do not fare well with competition.