Walmart vs. Costco: How Do They Really Compare?
So how do the country's two biggest retailers really fare head-to-head? Check out the breakdown below.
Average Cashier SalaryWalmart: $8.53 [Glassdoor]
Costco: $15.60 [Glassdoor]
Average Pay For Low-Level Managerial PositionWalmart: $44,774 [Glassdoor]
Costco: $53,956 [Glassdoor]
Number Of Employees Receiving Health Insurance CoverageWalmart: "more than half" of employees [Businessweek]
Costco: 88% of employees [Businessweek]
Turnover RateWalmart: 37% [self-reported]
Costco: 24% [InvestorPlace]
Walmart: Supported raising the federal minimum wage in 2006, but has remained mum in the recent debate. [NBC News]
Position On The Minimum Wage
Costco: Supports raising the federal minimum wage to over $10-an-hour. CEO Craig Jelinek wrote a letter urging Congress to do so. [The Huffington Post]
Percent Of Workforce That Is UnionizedWalmart: 0 [Reuters]
Costco: 15 [Businessweek]
Opportunity For AdvancementWalmart: "Nearly three-quarters of our store management teams started out in hourly positions." [The Huffington Post]
Costco: 70 percent of warehouse managers allegedly started as cart-pushers and cashiers. On principle, the retailer doesn't hire business school graduates, and instead sponsors its lower-level employees through graduate school. [Businessweek]
CEO Compensation (2012)Walmart: $19.3 million ($1.3 million salary, $4.4 million bonus, $13.6 million in stock grants) [Businessweek]
Costco: $4.9 million ($650,000 salary, $200,000 bonus, around $4 million in stock options) [Businessweek]
Most Recent Quarterly Year Over Year EarningsWalmart: Up 1.1% [Wall Street Journal]
Costco: Up 19% [NBC News]
Read the slideshow, "The Most Underpaid Jobs In the United States."
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Claire Gordon has contributed to Slate's DoubleX, the Huffington Post, and the book Prisons: Current Controversies. While an undergraduate at Yale University and a research fellow at Yale graduate school, she spoke on panels at Yale and Cornell, and reported from Cairo, Tokyo, and Berlin.
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