Walmart Canada named to Canada's 10 Most Admired Corporate Cultures of 2012
MISSISSAUGA, ON, Nov. 29, 2012 /CNW/ - Walmart Canada's corporate culture has
been ranked among the 10 most admired corporate cultures in Canada by
Waterstone Human Capital Inc., an executive search and human capital
consulting firm that has been running the Canada's 10 Most Admired Corporate
Cultures program since 2005. Walmart Canada is the largest employer and the
only grocery and general merchandise retailer on the list.
"We are very proud to be recognized as having one of the country's top
corporate cultures," said Shelley Broader, President and CEO of Walmart
Canada. "This recognition truly belongs to our 90,000 associates. As Canada's
fastest growing retailer, we make a concerted effort to hire for cultural fit
because we believe when you have the right people, you can accomplish almost
Walmart Canada's culture is based on three basic beliefs—respect for the
individual, service to our customers, and striving for excellence—which
provide the foundation for the company's inclusive work environment, training
and education programs and focus on developing talent within the corporation.
Walmart has one of the lowest staff turnover rates in the Canadian retail
industry. The company is committed to developing talent from within—in 2011,
over 5,000 associates were promoted, and 70% of current store managers have
been promoted from within Walmart Canada's store network.
"Together, our people and culture represent Walmart's biggest competitive
advantage," Broader added. "A culture can only be fostered if people truly
believe in it, and our culture is strong because Walmart Canada associates
live our values every day, with each other and with our customers."
Companies were selected based on five criteria: vision and leadership;
cultural alignment; measurement and sustainability; rewards, recognition and
innovative business achievement; corporate performance and corporate social
"Congratulations to Walmart Canada for being one of Canada's 10 of 2012," said
Marty Parker, the chairman and CEO of Waterstone Human Capital and the chair
of the Canada's 10 program. "Our board felt that the leadership team at
Walmart does a great job at empowering their associates to believe anything is
possible, and they back up this strategy by providing robust training and
development. Combine this with their steady growth and we can see why Walmart
impressed our board members, demonstrating the key link between culture and
its impact on performance."
About Waterstone Human Capital:
As one of Canada's leading retained executive search firms specializing in
recruiting for fit and in cultural assessment, Waterstone's search partners
are experts at assessing and articulating organizational culture. Helping
clients find and keep great people is what Waterstone does best - great people
that 'fit' the culture, and who ultimately drive organizational performance.
www.waterstonehc.com Follow us at @waterstonehc
About Walmart Canada
Walmart Canada operates a growing chain of more than 372 locations nationwide
serving more than one million customers each day. Its flagship online store,
www.Walmart.ca, serves over 250,000 customers per day with online shopping and
free shipping on 1,000s of items. With over 90,000 associates, Walmart Canada
is one of Canada's largest employers and is recognized by Waterstone Human
Capital as having one of Canada's top 10 corporate cultures. Walmart Canada is
focused on helping Canadian families in need. Since 1994, Walmart has donated
and raised more than $160 million to Canadian charities and not-for-profit
organizations. Additional company information can be found at
walmartcanada.ca, facebook.com/walmartcanada and at twitter.com/@walmartcanada.
Susan Schutta, Corporate Affairs, Walmart Canada. 905-821-2111, ext. 78012
Jennifer Mondoux, Waterstone Human Capital. 416-408-4545, ext. 273
SOURCE: Walmart Canada
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CO: Walmart Canada
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-0- Nov/29/2012 15:16 GMT
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