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Managing Workforce Challenges In An Era Of Frequent Calls For Wage Increases

February 24th, 2015 | Posted by Apex Time Solutions in Absence Management | Benefit Accruals | Cloud Time and Attendance | Overtime | Payroll - (Comments Off on Managing Workforce Challenges In An Era Of Frequent Calls For Wage Increases)

When news broke that retail behemoth, Walmart was going to raise the minimum wage of its hourly employees to $9.00 dollars; this dominated the news cycle of the day.  There were some positive and not so positive comments directed at Walmart for its decision. One of the more positive comments came via Twitter from Marissa Mayer, CEO of Yahoo and reads in part, “So happy for Walmart associates and proud of Walmart management. A great leadership decision by Walmart CEO, Doug McMillon.”

This news came on the heels of an earlier report in which the retail giant had promised to allow employees to make their own schedules. The retail and hospitality industry is synonymous with scheduling employees to work back to back shifts and having different days off each week- due, in part, to the fact that it work in based on business demands. And in a consistently tough job market, many workers (some of whom have business degrees) are opting for lower paying jobs rather than being unemployed, in order to pay for basic needs. Walmart, it appears is following in the footsteps of companies, like IKEA,  Gap and Starbucks.

Whether your company is a small, mid-size or a large enterprise, you have to manage payroll costs. And, what better way than to automate the process with a time and attendance system, designed to handle effective workforce scheduling, absence management, human resources and analytics into a single integrated workforce management system that can help your organization be more productive.

On a footnote, we will give the final word to Lydia DePillis, reporter for the Washington Post who wrote an article on the subject, that states in part;

“Finally, Wal-Mart may have realized that making its employees a little more happy is probably a good way to tamp down the labor unrest that’s started flaring up with greater frequency in recent months.”With the increase in a minimum wage, you retain good people,” Florida store manager Claudine McKenzie told me. “The higher people get paid, the more satisfied they are.” If it can do that in an environment in which everybody else has to raise wages too, then there’s no way  Wal-Mart doesn’t come out on top.”

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Managing Workforce Challenges In An Era Of Frequent Calls For Wage Increases