The Revolving Door

Cowboy hat By Jim Hightower - Wed., 1/10/07

Despite its rock-bottom wages, Wal-Mart has extraordinarily high labor costs. Because employees don’t stay, the company must constantly recruit and train replacements—a costly process. Nearly threefourths of its employees quit in their first year, and the company-wide turnover rate for its 1.3 million workers is 50% each year.