This program helps the development of the employees which leads to the culture that Sam Walton wants at Wal-Mart attaining them the competitive advantage. (Charles, 2006)

The HR practices of Wal-Mart are aligned with the trends of the HR practices of the top companies of the world who have responded to the dynamic changes in the field of Human Resource Management. One of the upcoming trends in HR is to respect employees and appreciate their worth through incentives other than wage bonuses. Wal-Mart treats its employees as partners. Employees are allowed a lot of autonomy and decision making power which enables them to flourish and reach their full potential. The compensation system is also performance-based which is the best compensation practice in the current economic situation of America.

The future of the industry will be heavily influenced by the global economic environment. Wal-Mart is planning a number of foreign expansions...
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