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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1812 |
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The employees here have a decentralized team approach for store operations. This is so some personnel, merchandising, and operating decisions are made at the store level. WFM gave incentives to its employees by uniting the self-interests of team members with shareholders through a gain-sharing program that rewards stores team members according to their stores contribution to operating profit...
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This added 5 to 7 percent to team member wages. They also encouraged stock ownership. WFM donates 5 percent of its after-tax profits to nonprofit and educational organizations. They also require employees to have 20 community service hours, which are paid for. WFM used to buy from the store level, today they buy from the regional and national levels...
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