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Walmart Saving Money by Cutting Benefits

In: Business and Management

Submitted By rf777
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Walmart Saving Money by Cutting Benefits Walmart’s motto is “Save Money Live Better” and Walmart is cutting costs to save money by eliminating its health insurance coverage for part-time US employees that work less than 30 hours a week, starting in January 2015. The reasoning behind this is to control the rising healthcare costs and pressure from Wall Street to meet its bottom line. According to (TABUCHI, 2014) it affects about 30,000 employees, which is 5% of Walmart’s part-time workforce. I am currently employed at Walmart with a schedule of 32 hours and this does not affect me directly, but it if my hours were to decrease at the end of the year I might lose eligibility for healthcare benefits. The loss of hours currently affect some of my coworkers that are already currently working under 30 hrs. In 2011, Walmart claimed that it cut back his eligibility of health insurance coverage for their part-time employees who worked less than 24 hours a week, but in 2013, it moved it up to 30hrs or less. Some of the employees are unable to work full time including myself because of our college schedules or having children. In my opinion, it would be necessary for part time associates at Walmart to receive benefits to be able to meet their basic health care needs. Part time associates receive less pay then full time associates and cannot afford outside health insurance like United or Blue Cross. Most college students that are working would go for a period of four years or more without any heath care benefits. In addition, they would be more likely to call in more often. Nancy Reynolds, who is a 67 year old part time worker the at the Walmart in Merritt Island, Fla., if she were to lose her insurance it would cost her more for the treatment of diabetes, glaucoma and arthritis than she made.


Sally Wellborn,…...

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