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Comparison between two retail companies picked are Walmart and Costco

The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
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The Indian Banking Industries

Indian banking industries could avoid the global recession and its after effects like bankruptcy, liquidations that massacred US banking majors. No doubt the practice of prudential banking norm and government control what controlled their exposures to reckless banking practice. But what is ailing the industries is its policy and manpower. The wage in banking industries is one of the lowest amongst peer organizations under government control. For the past two years the employee’s fresh wage agreement is due. No doubt, the trade unions used to be super powers in this industries decade ago, but no more they are so now. As most of the trade unions are controlled by their political bosses covertly or overtly, so their influence in the government does matter. Unfortunately currently, most or all of these political bosses of trade unions sit in the bench earmarked for members of oppositions in Parliament; so there is none to consider their case seriously. Neither they are in any hurry as next State or Union elections are still far off. But whether they (read politicians or political bosses of trade unions) are with the policy makers or not, lingering with wage revision is a matter of practice and it’s paying too. Once the wage is settled the workers are required to dole out a levy i.e a percentage of the arrears of their revised wages to their trade unions which they belong. Obviously you understand the trick, more the delay in wage revision, more the amount of arrears so bigger the amount of levies! Surprised! but this is the norm of wage negotiations and despite of deep resentment amongst the workers (whose voices are always suppressed) for the delay and the undue levy, the practice is on ever since bipartite wage negotiation between Indian Banker’s Association and several trade unions.
Believe me, you must have an account with bank, with the present pay structure in the Indian banking industries, if one joins as a clerk he gets a salary or Rs7300/- in cities like Mumbai, Delhi, Kolkata, Chennai or any other metropolis and of still lesser amount when he posted in smaller towns, as some allowances are not admissible there. With the ongoing wage negotiations, the proposed hike will get them Rs9300/- per month; whereas the person stands to get far better salary with lesser responsibility with any central or state government jobs. Even most the Municipal corporations are paying better to their clerical employees. The result is disastrous, as very few those stay with bank who join till they get another job.
Thus you find in most of the nationalized banks in India, are staffed by the dead woods and looks like those forests in Australia burnt by wild fire. It is truly surprising that an entire industry is being run without infusion fresh blood. Perhaps there is no parallel not only in India but all over the world.
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Comments

Unknown said…
Very well said, my dear friend. One thing that no one seems to understand is that Banking is a social job. and present day bankers have no penetration in the society. The people in the management are only interested in getting a good posting and pleasing their respective heads. "Daru culture" is taking toll of staff matters.
30 August 2009 at 10:25
chandan said…
Bank employees wage increase 17.5% pushed the attraction of a bank job far behind than that of a central government job, while compairing stress & strain involved between these two. Definitely unemployed will join in bank for employment, but not brains as it used to be happened in the days of Eighties & Nineties.One should observe that the so called wage hike every five years in banks have been quite minimal during the past decade or so whereas in central govt. there has been a quantum jump this time. As matters stand today the pay package in central govt. is quite high when compared with similar posts in banks. So naturally people who have other choices in hand will not join banks any more. And one should know that in banks now a days people have to toil hard even beyond ofice hours, that too being loaded with heavy risks all the time. In such a condition the present pay package wil not attract talents into banks.
20 November 2009 at 04:44
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