Not a Member? Get access to HR news and resources that you can trust.
HR professionals share their advice for minimizing worker stress and boosting retention.
Is your employee handbook ready for the changing world of work? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Virtual SHRM-CP/SHRM-SCP Certification Prep Seminars kick off September 12 and fill up fast!
Expand your influence and learn how to become an effective leader. Join us in Phoenix, AZ | OCTOBER 2 - 4, 2017
Helping employees in need had long been an informal practice at Wal-Mart, says John Lawrence, an aid program director for the giant retailer. When an employee's financial plight became known, for example, co-workers would raise money and the company would match the amount. In some cases, Lawrence says, if an associate was in a dire situation, it would be discussed at a corporate meeting and money would be collected on the spot.
Still, there was a nagging feeling that "we weren't being equitable in how we distributed the funds," Lawrence says. A night-shift employee might be in financial crisis, for example, but his plight might not become known because his working hours would give him less visibility in the workplace.
To establish a system that would give all workers equal access to financial help, Wal-Mart in 2002 established the Associate in Critical Need Trust, which Lawrence directs. It is operated under the Wal-Mart Foundation and is set up to help front-line employees-the nonmanagement workers in stores and warehouses, for example, or in support positions in corporate offices.
Wal-Mart contributes 50 percent of the trust fund, and the other half is contributed by 77 percent of the company's 67,000 managers in the United States. "We do not ask [nonmanagement associates] to contribute," Lawrence says, "mainly because they are the recipients."
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Choose from dozens of free webcasts on the most timely HR topics.
SHRM’s HR Vendor Directory contains over 3,200 companies
[/_catalogs/masterpage/SHRMCore/Main.master][Title][SHRM Online - Society for Human Resource Management]