How Walmart Selects Workers Attending Annual Meeting



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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For a lot of Walmart's # (WMT) associates, this & nbsp;annual meeting of shareholders of the week& nbsp; will be their first trip. "data-reactid =" 15 "> For many Walmart associates (WMT), this week's annual meeting of shareholders will be their first trip.

For some, this means that it could even be the first time they leave their country of origin.

Walmart is the world's largest retailer, operating more than 11,300 stores under 58 banners in 27 countries and e-commerce sites, employing more than 2.2 million people worldwide.

Each year, a few thousand associates are selected by their peers to travel to northwestern Arkansas for Associates Week and Annual Meeting.

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The big box retailer has "about 1,000 employees from our 26 countries and this energy will be extraordinary," Judith McKenna, CEO of Walmart International, told Yahoo Finance.

"For many of them, it will be the first time they will go," she added.

The annual gathering, held in Fayetteville, Arkansas, just steps from Walmart's hometown, Bentonville, attracts an audience of nearly 14,000 investors and employees to listen to senior management, listen to music live and celebrate the partners.

"We're going to talk about innovation, new ways of working and creativity, but this week is a celebration of our associates," McKenna said.

"So all we are going to talk about is going to be people-centered, and around them," she added.

The largest US employer holds huge stakes in retail, real estate and human capital.

In order to secure a place, Walmart Associates attending the annual conference are part of something that looks like a lottery.

According to the company, all odd-numbered stores in the United States this year may send an hourly associate who has been working for the company for at least a year – and who has achieved the "Solid Performer" rating or higher, and retains the Walmart stock. . By 2020, even-numbered stores will do the same.

For the international division, the process is slightly different and varies from country to country.

"Very often, they have a selection process, so people who come to be great ambassadors in the shop are appointed by other associates, and chosen to go," said McKenna, adding that there were "different reasons" for choosing participants.

"But we tell everyone that they are there for a reason, and because they are special," she added.

Dorms, meetings and "a day of celebration"

During the week, co-workers stay in dormitories on the University of Arkansas campus in Fayetteville, where they will meet people from around the world. They will attend meetings of their respective business units where they will discover innovations for the stores.

<p class = "canvas-canvas-text canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "They will also be able to visit the Home Office and Walmart Museum in Bentonville, visit the Expo website described as & nbsp;"basically a day of a day"& nbsp; and watch a free concert. "data-reactid =" 52 "> They will also be able to visit the Walmart Home Office and Museum in Bentonville, visit the Expo, described as" a day's party ", and watch a free concert.

The big event will take place at the Friday Associates meeting at the Bud Walton Arena.

FAYETTEVILLE, AR – JUNE 1: The Walmart Associates in China at the annual shareholders meeting held on June 1, 2018 in Fayetteville, Arkansas. Shareholder Week brings together thousands of shareholders and associates from around the world at the company's global headquarters. (Photo by Rick T. Wilking / Getty Images)

"[They] bring a few shareholders and a bit of Bentonville to their teams, "said McKenna.

"And one of the things I will say to our international team, is that they are not 1,000 people. They are actually 700,000 people because they represent everyone in the world, "she added.

McKenna attended its first meeting nearly 20 years ago, a few years after Walmart's acquisition of Asda in 1998 and its entry into the UK market.

"I came to the first and I stayed in Fayetteville, I shared a room, I climbed these hills in the rain, and I got up early for breakfast, I lived all by myself, and it was "is never seen anything."

The meeting at the time was much smaller than the extravagance of today. McKenna said that even though the atmosphere is different, the excitement remains the same.

"It was a less important meeting, but the atmosphere she created (…) made me feel a little more in love with society because it is unique," she said. "Once you have seen and touched it, it gives you a taste of the unique culture. "

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A livestream of the event will be available on Yahoo Finance on June 7th."data-reactid =" 84 ">A livestream of the event will be available on Yahoo Finance on June 7th.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Julia La Roche is a finance reporter at Yahoo Finance. To follow her Twitter."data-reactid =" 85 ">Julia La Roche is a finance reporter at Yahoo Finance. To follow her Twitter.

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