Question

Write a short essay about the benefits of Target and Walmart including Health Insurance, Employee Discount, Sick Day, Retirement / Stock Option, Vacation Day and Paid Time Off, Job Training. The benefits that Target has that Walmart does not have and otherwise.

Answer 1

The basket of benefits offered by Target is as follows:

• The major domains where Target deploys employee benefits are market competitive pay, career mentoring and insurance coverage
• Target pays an hourly wage rate of $9.45 to its employees
• The company offers one of the best 401(k) plans in retail industry
• The employees enjoy the following benefits:
  • 10% discount on Target offered products
  • 20% discount on fruits and vegetables offered
  • Wellness program covering medical, vision, dental and prescripted drug bill coverage
  • Various training and development resources focusing on overall improvement
  • Focus on social well being by encouragement of hobby developing activities

The basket of benefits offered by Wal-Mart is as follows:

• A healthy workplace culture with the focus on employees
• Wal-Mart offers and hourly rate of $9.41 to its employees
• Customized health care options for the employees
• Focused health reimbursement plans
• The employees enjoy the following benefits:
  • Business travel accident insurance
  • Up to 6% contribution in 401(k) funds
  • 10% discount on fruits and vegetables
  • 10% discount on Wal-Mart products
  • Stock purchase plan as per company’s guidelines