January 23, 2013
Say what you want about Walmart, but its plan “to hire every veteran who wants a job, provided that the veterans have left the military in the previous year and did not receive a dishonorable discharge” is unbelievable.
I have to say, I’m not quite sure how they can do this though. Company officials said they believe the program, which will officially begin on Memorial Day—May 27 this year—will lead to the hiring of more than 100,000 people in the next five years, the length of the commitment. It seems inevitable that they are going to come up against over-staffing at certain locations. Then what happens? Do the more tenured, non-veteran employees get the axe? It will be interesting to see if there are any unintended, negative consequences down the road. I hope not, because this is really impressive.
It would be really cool if another big companylike this announced they are going to broaden their hiring and employ anyone who’s been unemployed for more than a year. That would be even cooler.
PS: Wal-Mart’s foundation has consistently been among the most generous contributors to veterans’ charities, committing to donate $20 million to veterans’ causes by 2015. Good stuff, Walmart.
A recent study shows that a third of Americans would consider getting a mortgage from Walmart. According to research from the Carlisle & Gallagher Consulting Group, consumers are more willing than ever to try alternative lenders.
I’m not sure why this is entirely surprising – Costco’s been doing it for a few years now. And let’s face it, it’s just a financial transaction.Still, I suppose this is a long overdue for all those banks that offered free toasters for opening accounts. Payback’s a bitch.