As the long-awaited season of the year approaches, traders are preparing to make the most of it. One of the most common actions retailers take ahead of the crucial holiday season is hiring extra. Stay on the same wavelength, Walmart inc. (WMT – Free Report) has announced plans to employ around 150,000 workers for its US stores, most of them full-time and permanent positions.
Increased team strength will help Walmart serve better in the midst of the holiday rush. This, in turn, will provide customers with a seamless shopping experience, whether in-store, online, or curbside. In fact, earlier this month, the omnichannel retailer announced plans to employ 20,000 new workers in more than 250 distribution centers, distribution centers and transportation offices Walmart and Sam’s Club. These positions will be permanent, including order pickers, lift drivers, material handlers, technicians and management positions.
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Holiday Season – An Important Opportunity
Retailers remain focused on making every effort to make the most of this busy selling season. To this end, they undertake online and offline growth strategies. Apart from additional hires, early store openings; restocked assortments; great deals (in-store and online), along with improved apps, are some of the steps many retailers take to make the most of the crucial vacation opportunity. When it comes to hiring, the requirement for additional employee strength becomes important in order to handle high consumer traffic on digital and physical platforms, as well as to ensure a smooth flow of goods and delivery services. .
Besides Walmart, many other retailers have unveiled plans to build worker strength as they prepare for this important selling period. Last week, Macy’s, Inc. (M – Free Report) has announced plans to hire 76,000 full-time and part-time employees, offering competitive packages and bonuses. It offers both temporary and permanent openings. Earlier this month, Kohl’s Company (KSS – Free Report) has revealed its intention to recruit nearly 90,000 seasonal workers to meet the high demand during this busy shopping season. The company said it hires workers for several roles in its stores, distribution centers as well as e-commerce distribution centers. The closing retailer, The Ollie case (OLLI – Free Report), also announced its intention to recruit more than 3,000 associates before the holiday shopping season.
Getting back to Walmart, the company, as part of its latest hire, said it has a lot to offer both existing and new workers. These include a competitive salary; a smooth hiring process; training for growth and a number of perks such as discounts on food and general merchandise to name a few. In fact, the big box retailer has always been concerned with protecting the well-being and safety of its workers. To that end, the company has made three wage increases in the past year, in addition to providing more full-time jobs and sponsoring the workers’ tuition and textbooks.
Certainly, Walmart’s focus on ensuring a great experience for customers as well as workers through measures such as hiring for vacations bodes well. Shares of Zacks Rank # 2 (Buy) have risen 4.2% over the past six months, in line with the industry’s performance. You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks here.