www.csua.org/u/10w6 -> finance.yahoo.com/news/worker-wages--wendy-s-vs--wal-mart-vs--costco-155815763.html
Print * The workers hold similar positions at these companies. Levels of experience vary but the wages are representative of the average worker we interviewed. Cesar Martinez - The workers hold similar positions at these companies. less Can a company pay its workers well and also make money?
The no-frills warehouse chain pays its hourly workers an average of just over $20 an hour, compared to just under $13 at competitor Wal-Mart. Even President Obama praised Costco in a recent speech about helping the middle class. The recession has been good for companies that targeted budget-minded customers. Sales at Costco have grown an average of 13% annually since 2009, while profits have risen 15%. During the same period, discount retailer Wal-Mart's sales grew an average of 45% each year, profits rose 7%, and its stock price increased 70%. Costco seems to be investing some of those profits back into its employees. Cesar Martinez, a 37-year-old fork lift operator, has worked at a Costco in North Carolina for 19 years. He manages to save, and doesn't worry about hospital bills for his daughter, who suffers from asthma. "That's the reason why I've been here for so long," he said. "The company gives you a decent wage and treats you with respect and takes care of you. Some experts say companies aren't able to adopt the Costco model, because they can't charge its $55 annual membership fee. However, research shows that it pays to pay employees well, because satisfied workers are more productive and motivated, according to MIT Sloan School of Management professor Zeynep Ton, who focuses on operations management. "At Costco, you see a huge line that disappears in minutes." According to Ton's research, sales per employee at Costco were almost double those at Sam's Club, its direct warehouse competitor owned by Wal-Mart. Workers who are dissatisfied with pay are joining picket lines.
YUM) Brands-owned KFC, protested for higher wages of $15 an hour. It's been spreading -- from hundreds of Amazon warehouse workers in Germany to Wal-Mart workers walking off work, all calling for better pay, fair schedules and affordable health care. "While the fast food and retail industry is making record profits, its workers are forced to rely on public assistance just to afford the basics," according to Fast Food Forward, a union- and community group-backed organization behind some of the protests.
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