- Walmart and Kroger hire thousands of workers furloughed or laid off in other industries.
- The U.S grocers speed up recruitment to sustain operations amidst the Coronavirus pandemic.
- Walmart is trading 10% down in 2020 so far while Kroger is up around 2%.
The leading U.S retail chains, Walmart (NYSE:WMT) and Kroger (NYSE:KR), have hired thousands of news employees to sustain operations at the distribution centers. The new hires are already checking out customers and restocking shelves at the retail stores.
In its statement on Friday, Kroger highlighted that amidst the Coronavirus pandemic, it has so far hired 23,500 new workers. In the upcoming weeks, the company plans on bringing another 20,000 employees on board at its distribution centers, manufacturing plants, and retail stores.
Walmart Hired 25,000 New Workers In One Week
Walmart, on the other hand, boasted 25,000 new hires in a single week. The company had recently announced that it aims at hiring 150,000 new workers (both part-time and full-time) before the start of June. The positions at its distribution centers, clubs, fulfillment centers, and retail stores, as per the multinational corporation, are expected to be temporary at the beginning with a prospect of turning permanent at a later stage.
The U.S grocers are currently working committedly towards restocking the essential items like canned goods, pasta, toilet paper, etc. amidst the Coronavirus crisis. The hiring cycle, as per the grocers, is relying heavily on the workers that have been furloughed or laid off from other industries like hotels and restaurants due to the ongoing health emergency.
Kroger also highlighted recently that its higher process has been shortened to just 72 hours for the evaluation of each application. The U.S retailer is currently paying $15 an hour to its new hires. Kroger’s HR team is working all days of the week for efficient interviewing and recruitment of the new workers.
Kroger also said that it has partnered with Sodexo, Sysco, and Marriott International to hire many of their former workers that have been furloughed or laid off due to the virus situation.
Walmart’s Sped Process Takes Only 3 Hours To Hire A New Worker
Walmart has also resorted to a similar sped-up process for hiring. The retailer is accepting applications online or even via a text message. Instead of formal interviews followed by written offers, it is counting on its store managers to screen the candidate and have authorized them to make verbal offers. Walmart’s overall hiring process in some instances takes only three hours to bring an employee on board.
Walmart closed the last week at £87.50 per share in the stock market that translates to a little under 10% decline in 2020 so far. At £23.40 per share, Kroger is currently trading less than 2% up year to date.