Why is Kroger so greedy for money. Target is raising the min wage to 15 dollars by 2020. Like if we got paid more we would likely work harder. It's hard to live off the little bit of money we make. If we have to get part time jobs to help with bills and school. kroger makes billions a year and cannot invest in better wages or more hours. Even jobs at the management is not much more of a pay increase from a department head. but noting we can do right.
So your correct and also wrong at the same time! Kroger does makes Billions in SALES a year, but is lucky to MAKE 1 Billion in Profit (Sales 110+ Billion). What will most likely happen, Wages will Raise but expectations will also raise!
The Company kinda is going about things in the wrong way! They started a new hiring process to improve the quality we hire, but didn't raise wages to actually get decent people to apply! Going forward after wages are increase! People will only be hired if they are quality, not the quantity we hire now! Self Service will be introduced into every department that it can be! SCO-Self Checkout will be be greatly expanded in stores! Case Ready product will greatly be expanded! I do not understand why we still have Milk Crates......it all should be delivered on shelves and then pushed infront of the doors.
Everyone fails to understand what $1.00 in wages increase actually cases to a company as big as Kroger!
Say your stores ELMS is 4,000.00 hours = $4,000.00 extra dollars a week
X 52 (Week of the year)
= $208,000.00 extra dollars a year
# of Kroger Stores X 2700
=561,600,000.00 extra dollars a year (HALF THE YEARS PROFIT)
Target is High Margin Non-Foods Products (A lot is Private Label Items also), do not have to really worry about Perishables....Union Contacts...etc
I think where they went wrong is by having too many asst store managers in one store or hiring too many asst store managers. almost half of them are worthless who don't know jack crap about anything sitting on their ass all day wasting the company's money if they had invested money in their workers and dept head they might get more work out of them.
Biggest Problem is the many layers of this company and the lack of innovation. Also the lack of "Associate Voice" causes associates to give up trying to fix flaws, since their possible solution isn't valued.
Store (Store Managers make 70-80k+, Asst.Store Managers 45-47k)
District (DM makes 90-100k, Coordinators 47-80k+)
KMA (VP im guessing make 125k+, President 250k+)
Regional VP (VP im guessing make 500k+)
President/CEO (1m+)
All these positions make bonuses depending on results......resulting in $$$$ more
Not sure where your at but here asst store manager start at 65k top out at 80k store managers are prob close to 100k
Where are you located because the comanagers and operations managers all look broke to me. And they have problems paying for small things at the register. I had an idiot co manager who shorted my register and a coworkers register, by cents because he didn't have enough money on his prepaid card. And Targetis on the right track. I may apply there because their starting pay is more than what I make at Kroger being here for several years.i guess Target knows they are moving up in the world and wants to sttract better people and it's good pr to announce they pay their workers well, like whole foods.
Not sure where your at but here asst store manager start at 65k top out at 80k store managers are prob close to 100k
Where are you located because the comanagers and operations managers all look broke to me. And they have problems paying for small things at the register. I had an idiot co manager who shorted my register and a coworkers register, by cents because he didn't have enough money on his prepaid card. And Targetis on the right track. I may apply there because their starting pay is more than what I make at Kroger being here for several years.i guess Target knows they are moving up in the world and wants to sttract better people and it's good pr to announce they pay their workers well, like whole foods.
colorado, dept managers make 45k to 50k here it's probably higher due to the cost of living here
So your correct and also wrong at the same time! Kroger does makes Billions in SALES a year, but is lucky to MAKE 1 Billion in Profit (Sales 110+ Billion). What will most likely happen, Wages will Raise but expectations will also raise!
The Company kinda is going about things in the wrong way! They started a new hiring process to improve the quality we hire, but didn't raise wages to actually get decent people to apply! Going forward after wages are increase! People will only be hired if they are quality, not the quantity we hire now! Self Service will be introduced into every department that it can be! SCO-Self Checkout will be be greatly expanded in stores! Case Ready product will greatly be expanded! I do not understand why we still have Milk Crates......it all should be delivered on shelves and then pushed infront of the doors.
Everyone fails to understand what $1.00 in wages increase actually cases to a company as big as Kroger!
Say your stores ELMS is 4,000.00 hours = $4,000.00 extra dollars a week X 52 (Week of the year) = $208,000.00 extra dollars a year
# of Kroger Stores X 2700 =561,600,000.00 extra dollars a year (HALF THE YEARS PROFIT)
Target is High Margin Non-Foods Products (A lot is Private Label Items also), do not have to really worry about Perishables....Union Contacts...etc
Kroger netted almost 2 billion last year. 4,000 hours is on the high end. I'd imagine only the absolute top performing stores are reaching that. My store does around 800k/week (top 5 store in the busiest district), employs around 70-80 workers, and very few of them are actually hitting 40 hours. The problem is a company like Kroger guarantees quick and safe returns for shareholders by always hitting a set profit margin. The best way to do this (assuming they don't meet sales goals and profit margins via sales) is cutting wages/labor (i.e., the wonderful revolving door of part timers that almost never achieve benefits and raises is an example, great business model for short term gains)
As for assistant managers, since that's a salaried position, they'd have to pay a minimum of 47k to avoid that new salary OT law. Those types of managers negotiate their salary as well (less experienced ones make around 60k base). Store managers make around 100k. This is before cash bonuses and stock options (which is usually like another 5-10k) I've no idea how much corporate positions make, I'd imagine quite a lot more since every manager's goal at the level is to get to corporate.
Department managers vary. I know produce is 22.75/hr here, deli is 18.76 I believe, meat is very similar to produce. Produce can work 48 hr weeks before OT in our contract and also get 1.5x on Sunday (22.75 x 40 + 273 Sunday pay = 1183 a week, which is also before OT, department managers pull a lot of regular OT $$$) so that means you could make 61-62k/yr if you choose a 6 day work week (65k if you add in the cash bonuses, usually 2-3k for department managers), even working 40 hour weeks can result in 60k+ with the massive OT you get. I'd get around 5hrs a week on average (sometimes I'd be working 56hrs+)
While I understand the company made almost 2 Billion last year, you have to think on what sales that was done. If you do $110 Billions, $2 Billion isn't anything in the big picture. These profits are then used to pay for Stock Dividend, Stock Repurchase and Debt Reduction. CEO's while making the BIG $$$ get to answer to at times EVERYONE!! How many Hedge Funds/Retirement Plans own Kroger Stock? These groups might not have real control, but if one sells their stock because they don't receive a health dividend.....the stock tanks.
While associates always say the company is making $$$, you have to remember another persons $$$ is being used to support/make these profits!
I will not go into the 14 Billion Debt the company has!
In my KMA 4k is on the low end for hours in our average stores.
While I understand the company made almost 2 Billion last year, you have to think on what sales that was done. If you do $110 Billions, $2 Billion isn't anything in the big picture. These profits are then used to pay for Stock Dividend, Stock Repurchase and Debt Reduction. CEO's while making the BIG $$$ get to answer to at times EVERYONE!! How many Hedge Funds/Retirement Plans own Kroger Stock? These groups might not have real control, but if one sells their stock because they don't receive a health dividend.....the stock tanks.
While associates always say the company is making $$$, you have to remember another persons $$$ is being used to support/make these profits!
I will not go into the 14 Billion Debt the company has!
In my KMA 4k is on the low end for hours in our average stores.
I will admit that I am not as knowledgable as I should be about corporate, business and financial matters, so please humor me........ here goes:
Question: If (speaking theoretically) Kroger was a company that did NOT trade publicly (i.e. have 'stocks' that people could buy and sell on the stock market) would that make a real, huge difference (for the better or worse) in the way they operate, and their profitability?
Would they be able to hire more employees? Would they be able to pay better wages?
Would it make it even HARDER to make a profit with all the problems of shrink, labor costs, theft, expense items that have to be purchased every week (such as cleaning products, paper towels, plastic containers, etc), utilities, ??
This may be basic stuff but I guess I don't understand this very well. Any feedback will be greatly appreciated. Thanks!
While I understand the company made almost 2 Billion last year, you have to think on what sales that was done. If you do $110 Billions, $2 Billion isn't anything in the big picture. These profits are then used to pay for Stock Dividend, Stock Repurchase and Debt Reduction. CEO's while making the BIG $$$ get to answer to at times EVERYONE!! How many Hedge Funds/Retirement Plans own Kroger Stock? These groups might not have real control, but if one sells their stock because they don't receive a health dividend.....the stock tanks.
While associates always say the company is making $$$, you have to remember another persons $$$ is being used to support/make these profits!
I will not go into the 14 Billion Debt the company has!
In my KMA 4k is on the low end for hours in our average stores.
I will admit that I am not as knowledgable as I should be about corporate, business and financial matters, so please humor me........ here goes:
Question: If (speaking theoretically) Kroger was a company that did NOT trade publicly (i.e. have 'stocks' that people could buy and sell on the stock market) would that make a real, huge difference (for the better or worse) in the way they operate, and their profitability?
Would they be able to hire more employees? Would they be able to pay better wages?
Would it make it even HARDER to make a profit with all the problems of shrink, labor costs, theft, expense items that have to be purchased every week (such as cleaning products, paper towels, plastic containers, etc), utilities, ??
This may be basic stuff but I guess I don't understand this very well. Any feedback will be greatly appreciated. Thanks!
I am not to the poster you replied to, but in my opinion Kroger, the way it's run and has been run would not be close to reaching two billion net which is a lot, billions of dollars is nothing to sneeze at, even in this day and age, but without being publicly traded, they would not reach these heights. Since they borrowed money from the stockholders, which is basically what publicly trading is about, they now need to show the stockholders returns and results, and that drives how the business is run and what is priority, and what associates want may not be priority to a company that has millions of stockholders and owes tons of money, and quite frankly doesn't really know how to run a business well. Before Kroger made its billions it was severely struggling. People on here should talk about those struggle days more, might put some things into perspective.
It was struggling because it was not innovating, had no real procedures and it was run like the "Wild West" Store Managers were the LAW (GOD). Now we have "standards", "roles and responsibilities", "METRICS", "ELMS" and "Quevision" along with everything else they have pushed down the latter. But what they failed to understand, people want to take ownership and "Build" something and be apart of establishing a successful store. Today, Everyone in the store is basically told "you are replaceable", do what we say....or "your gone". I grew up in a store that "did want we need to do", didn't make all the #'s, but was seen as a poster child for a HIGHLY SUCCESSFUL store. Today, that same store is rundown, sales dropping, high turnover and its once high standards the associates established....GONE.
While we want ALL stores to be the same....in reality its not possible. PEOPLE are want make the store! The issue arises, Corporations take the "People" out of everything and then question why associates are leaving the company. The disconnect between Corporate and Stores is HUGE! It would be interested to see how many Corporate people have actually worked in the Store........ I would guess less then 20%.
Either way paying more would keep people and stop putting so much on people. The store I'm at is a 500-700 store and we have little help in the front end and people including dept. heads are leaving weeks after they come in. Because for a 30-50 dollar a week increase is not worth the stress. It's not worth the head ache. They are too worried about remodeling stores that don't need it or putting 5 managers in one store. Other companies can pay more I think Kroger could too.
Yup, for BIG stores only 4 Co-Managers, if one is on VAC they recruit a Department Head to close 1-2 nights a week. Apparently Co-Managers are allowed "A work-life balance", but everyone else in the stores is F#$%!
I would step down, but it would be $200.00 less a week and that is with being a topped out clerk.
One of my store's dept heads was the MOD one day this week and i thought it was really odd... i've seen it be done in emergency situations before but they actually had her scheduled as a co-manager, and she wasn't wearing her regular uniform since she was co-manager for a day.
How does the union feel about her doing comanager work while on hourly pay? I guess it's allowed but i just thought it was extremely odd.
and yes, must be nice that the co's get to take their vacations as planned with absolutely no problems but i never get mine when i'm supposed to because this is the second year in a row that i've been transferred stores just as it's close to my vacation. Now i don't know how the hell i'm supposed to take mine before the end of the year with the amount of people i have in my department... we're already down to 4 people. they'd be running on like 2 people a day in the bakery if i go on vacation...
One of my store's dept heads was the MOD one day this week and i thought it was really odd... i've seen it be done in emergency situations before but they actually had her scheduled as a co-manager, and she wasn't wearing her regular uniform since she was co-manager for a day.
How does the union feel about her doing comanager work while on hourly pay? I guess it's allowed but i just thought it was extremely odd.
and yes, must be nice that the co's get to take their vacations as planned with absolutely no problems but i never get mine when i'm supposed to because this is the second year in a row that i've been transferred stores just as it's close to my vacation. Now i don't know how the hell i'm supposed to take mine before the end of the year with the amount of people i have in my department... we're already down to 4 people. they'd be running on like 2 people a day in the bakery if i go on vacation...
I think MOD(Manager on Duty) is a new program. They chose three hourly employees to train in my store. Basically, they fill in when co managers are on vacation or in emergency situations.
Take your vacation and don't worry about it. I would do it soon before the holiday rush. I lost 4 personal days my first year as a department manager. Won't do it again.
-- Edited by Anonymouse1 on Friday 29th of September 2017 07:53:24 AM
I want to but i have to make sure the store manager is ok with it. And i've got one person on vaca on the current 2 week schedule we're making this week... so with the blocked holiday weeks my best chance is to do it in early November now.
