Home Depot is a worldwide organization that focuses in the home improvement market, as well as provides product development for the construction industries. This strategically operated organization reflects the commitment from federal and provincial legislations in order to “take care of our people.” Home Depot pledges to create a safe work environment, and to treat everyone fairly. Home Depot is committed to customer service, and building strong relationships with costumers, venders, and associates.
Home Depot’s strategic goal is to expand into new markets, further develop existing markets, and explore opportunities around the world. Over the past four decades Home Depot has grown a great deal and currently has a market share of 27.2%, and is the leading home improvement market with net sales of $83.2 billion for fiscal 2014.
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Home Depot is always looking for talented people in their recruitment in order to expand business and find innovative leaders to ensure future success. When a person becomes an employee of Home Depot, they become a part of a team, and every member of Home Depot plays an important part in serving costumers. Employee selection is a crucial part in maintaining a high efficient work environment. Home Depot needs to recruit and evaluate applicants in order to match their KSAOs with job positions. After selection, orienting new recruits is important because not only is it vital for employees to know Home Depot’s culture, but it is important to feel welcome and understand Home Depot’s policy and Ontario
However with few exceptions, The Home Depot outperforms Lowe’s considerably. Lowe’s did outperform The Home Depot in revenue growth this most recent quarter, but this is just a snapshot when in reality both The Home Depot and Lowe’s have been experiencing very similar growth for years. Next is Earnings/Share, The Home Depot is earns over two times more than Lowe’s for one dollar of share price. Key differences can be found in profit margins, debt vs equity, and return on equity. The Home Depot has a considerably higher profit margin when compared to the margin of Lowe’s, and is much better at turning invested capital into equity.
Annual Reports and Press releases The annual reports and press releases of both companies slightly differ though with a portion of similarity. Although, Home Depot’s annual report is composed at the headquarters of giving an inclusive report on all of the retail stores in the world, through the company’s website these reports posted can be found. Therefore, this being impartial and all-inclusive to an extent of analysis it would have to be done on the contrasts, similarities, profitability, and performance of different retail stores in different regions or countries. However, the shareholders and customers analyze the summary provided to know the general performance.
I think the Home Depot is a stronger than Lowe’s, because the Home Depot is number one-largest hardware chain and Lowe’s is second-largest hardware chain in U.S. and Globally. They both have about the same number of store, but The Home depot is more profitable than Lowe’s. If you compare a Home depot revenue, operating income and free cash flow Lowe’s only generates about half of a what home depot is generating. That’s because Home depot leans more toward the professional contractor – who buy higher value items and Lowe’s leans more toward the homeowner. The Home Deport current Ratio is 1.32 and Lowe’s 1.0 that means that Home Depot has 1.32 to cover there $1.00 liabilities, and Lowe’s has 1.0 cover $1.00 liabilities.
When I wish to do home improvement or purchase home materials, I think of Lowes or Home Depot. I also think about Sherwin Williams, Builder’s Supply, and Ace Hardware. While I was looking for further information on Lowes, I discovered that Lowes has done a great job and is number two in the home improvement industry. To be truthful, my class project for my Financial Statement Analysis was on Home Depot and Lowes. I got a good idea about where Lowes was financially, but I thought I’d like to know more about their business side as well.
Attracting applicants from all levels of society including the working poor and single parents, recruiting talented workers who are satisfied and motivated has the potential to lead to higher productivity and greater retention (Green, Lopez, Wysocki, Kepner, Farnsworth, & Clark, 2015). The key to our successful Human Resources department is not that we hire a diverse workforce, but that we chose our employees from a diverse pool of representatives of the community. Building a reputation as a diverse inclusive corporation attracts the best from the
Connected with customer and set the stage for the experience. (High)11/7 Customer approached the desk, Korey greeted the customer with a personalized greeting asking them if they needed assistance and how there day was going. Created a dialogue to improve understanding of the customer’s needs. (High) 11/7 Korey asked what they were looking for and found that their needs fell into the realm of SOS product. Helped the customer see how Lowe’s could satisfy his or her need.
Walmart Introduction Walmart is one of the worlds largest supercenter with over 3,275 store nation wide. “Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores,
Walmart is a profit hungry company that cares more for their profits than their own employees. They have left workers unemployed, and town’s barren wastelands after cleaning out local competition. They are almost like a virus. Wherever there is people they pop up unexpected and do so swiftly. It isn’t just big towns with lots of people, it’s everywhere where people are in the smallest nooks and crannies of the United States.
However, there is always room for growth and improvement. By taking an in depth look at Target Corporation and understanding organizational structure, task organization, communication factors, competition, culture, and factors of success give insight to things that can be improved. To assist in improvements and long-term success, five suggested human resource policies that include recruiting, hiring, and retaining, compensation, vacation and sick pay, discrimination and harassment, and retirement policies will assist the organization in their overall production and productivity. By addressing this topics Target Corporation will take care of employees from day one to retirement. In doing so, productivity, quality control, innovation, and profit will improve.
Assignment #2 Recruitment Exercise University Maryland University College HRMN 408 6380 Employment Law for Business Professor Dawn Murphy June 18, 2017 MEMORANDUM TO: Fire Commission FROM: DATE: June 18, 2017 SUBJECT: Recruitment Practices Recruiting and selecting the right individual for a risky, yet rewarding career in the field of firefighting can be a daunting task; however, this process is vital to the health of the department. The purpose of this memo is to discuss previous recruitment practices within the city’s Fire Department and how the practices will improve to allow for a more diverse workforce. The city has a population of approximately 1 million people; of that million, 30% of the city’s residents are
Companies all over the globe will experience some sales and profit decrease. Home Depot in the growing housing industry benefited greatly from the houses being built. The accounting concept portrayed in this situation for home depot is called operating leverage. Operation leverage is when managers view a small change in revenue and magnify it to dramatic changes in revenue (Edmonds, Tsay, & Olds, 2011). With a decrease in the market for construction materials, Home Depot is experiencing a 3% decrease revenue and a 21% decrease in profitability.
Home Depot is a multi-million dollar industry, with over 2,000 stores around the world. They supply contractors with tools and products to build a house or supply Do-It-Yourselfers with home and business improvements. But with all the good Home Depot has done, they have their faults too. Home Depot has faced job cuts, ethical violations and the mistreatment of their customers. When a person hears job cuts, they assume that the reason for the job cuts is downsizing.
Target's main goal is to be the main shopping center for families. It's a classy discount store that focuses on customer loyalty and also has brand names that the customers wouldn't mind paying the higher prices for. Target's slogan, "Expect more, pay less" is recognizable throughout the country. It's also recognized for their coupons, red card rewards, and distinct red logo. Even when the economy takes a hit Target sales continue to grow, proving that it is one of the top retailers in the game at the moment.
If you are looking for a highly motivated, positive, well-rounded employee who is committed to the highest standards of work performance, I would welcome the opportunity to speak with you for an in-depth discussion. I am available for an interview at your earliest convenience, please contact me via phone or email to arrange a time and date for us to meet. Thank you for your time and consideration and I look forward to speaking with you
Walmart has successfully made money and made people happy. A lot of stores can not do that because they either make their stuff too expensive or they have their stuff too cheap and run out of business. Walmart 's stuff cheap, but it does not mean this stuff is bad. Walmart 's sells organic food for cheap prices too (Charles). People that run on minimum wage can actually afford to buy organic, natural food and medicine and stuff without struggling to pay their house bill.