Comparison of Wal-Mart and Reliance

Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue and is founded by Sam Walton in 1962. It is the largest private employer in the world and the fourth largest utility or commercial employer. Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trendz, Reliance Autozone, Reliance Super, Reliance Mart, Reliance iStore, Reliance Home Kitchens, and Reliance Jewel come under the Reliance Retail brand

Points of difference Wal-Mart No of employees No of departments Sources of recruitment 2.1 million 14 from colleges and universities with large multicultural populations, promoting from within through career preference system, network of more than 7,900 hiring kiosks for external. on-the-job training, leadership seminars, Employment Practices Advisory Panel (EPAP) was established in 2006 to evaluate and provide guidance regarding employment practices and Diversity and Inclusion initiatives.

Reliance Retail 23365 12 Internal- promotions and transfers External- campus recruitment, advertisements, online portals, consultancies ensured 1,589,395 man hours of learning activities, several man-hours of developmental intervention to train leadership teams, executive coaching and Six Sigma practice.

Training

Wal-Mart Work ethics and culture Job appraisal Respect for Individual Service to Customer, Striving for Excellence, Diversity and Inclusion . health care coverage, dental insurance, business travel accident insurance, optional life and dependent life insurance, critical illness and accident insurance, sick time (illness protection), short term and long term disability coverage, company paid life insurance

Reliance create high engagement and excitement amongst the workforce across all levels. HIV and AIDS awareness and protection programs, focus on occupational and personal health, daily health tips and consultation available, lots of safety measures, extended benefits to family members of employees, etc. lowest employee turnover rates in the industry at 3.26%. Respect, recognition and rewards.

Employee turnover It has a high annual turnover-rate ratio of 70%. Retention techniques Orientation program, training and development, 3 phases of career assessment.

Flow chart of processes

Understand the supply chain Negotiate discounts with suppliers

Reduce inventory and inventory costs Review customers and modify offering to reflect that demand

Establish specific performance expectations Measure and report results