June 4, 2004

New WM Pay Policy

How off the wire is news of a change in the WM pay policy:

NEW YORK (Reuters) - Wal-Mart Stores Inc. is preparing to introduce significant changes to its pay system that could mean raises for new workers but penalties for higher-paid veterans, according to published reports.

At its annual shareholders meeting Friday, the world's biggest retailer is expected to unveil a new compensation policy for hourly workers that is expected to tie pay more closely to job responsibilities, the Wall Street Journal reported.

Wendy Zellner, writing in BusinessWeek has incredibly more detail.

Posted by Kevin on June, 4 2004 at 08:48 AM