Economy

Walmart not hiring for holiday season

Walmart not hiring for holiday season”

This will allow Walmart to keep employees on-hand to help with the surge of shoppers without adding more workers through holiday hiring.

The retail giant says it will not hire extra workers during the holiday season.

While Walmart is scaling back holiday hiring, Target has announced plans to hire 100,000 additional employees starting in October.

Several analysts expect holiday hiring for stores to rise this year as retailers try to make up for a drop in service quality. There were a record number of unfilled job openings nationwide in the latest government reading of the labor market. More than 600,000 of those jobs were in retail.

The move is part of the company's effort to reduce employee turnover. It's possible that the system works better for the company because it gives customers access to employees that have worked for the store regularly and may be more helpful than seasonal hires. Part-time workers are paid about $10 an hour on average.

Walmart says it employed the same strategy of more hours for existing employees during the holidays previous year and "we heard great feedback from our customers and associates", according to Judith McKenna, chief operating officer of Walmart U.S.

With 1.5 million employees, Walmart stands as the largest private sector employer in the U.S.



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