Walmart vs. Costco: How Do They Really Compare?
Every villain needs a hero, and Walmart and Costco have become the dark lord and white knight of low-budget retail. In recent months, Walmart has been criticized for allegedly underpaying and mistreating its employees, while Costco has been lauded as a kind of corporate Dumbledore, nurturing its workers, and fighting to make the world a kinder and more affordable place.
So how do the country's two biggest retailers really fare head-to-head? Check out the breakdown below.
Average Cashier SalaryWalmart: $8.53 [Glassdoor] Costco: $15.60 [Glassdoor] Average Pay For Low-Level Managerial Position Walmart: $44,774 [Glassdoor, assistant store manager] Costco: $53,956 [Glassdoor, supervisor] Number Of Employees Receiving Health Insurance Coverage Walmart: "more than half" of employees [Businessweek] Costco: 88% of employees [Businessweek] Turnover Rate Walmart: 37% [self-reported] Costco: 24% [InvestorPlace] Position On The Minimum Wage Walmart: Supported raising the federal minimum wage in 2006, but has remained mum in the recent debate. [NBC News] Costco: Supports raising the federal minimum wage to over $10-an-hour. CEO Craig Jelinek wrote a letter urging Congress to do so. [The Huffington Post] Percent Of Workforce That Is Unionized Walmart: 0 [Reuters] Costco: 15 [Businessweek] Opportunity For Advancement: Walmart: "Nearly three-quarters of our store management teams started out in hourly positions." [The Huffington Post] Costco: 70% of warehouse managers allegedly started as cart-pushers and cashiers. On principle, the retailer doesn't hire business school graduates, and instead sponsors its lower-level employees through graduate school. [Businessweek] CEO Compensation (2012) Walmart: $19.3 million ($1.3 million salary, $4.4 million bonus, $13.6 million in stock grants) [Businessweek] Costco: $4.9 million ($650,000 salary, $200,000 bonus, around $4 million in stock options) [Businessweek] Most Recent Quarterly Year Over Year Earnings Walmart: Up 1.1% [Wall Street Journal] Costco: Up 19% [NBC News] More From AOL Jobs 10 Signs That You're A 'Problem' Employee 10 High-Paying Jobs That Don't Require A Bachelor's Degree Don't Accept An Offer Without Asking These Questions
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