I have no clue. I guess you can look at the profit margin for a supermarket (Walmart is around 2%, I just checked), then figure out the average full food shop spend, and finally see what the average hourly wage is for a worker and how long it would take to ring up a full shop.
Although, this also highlights why they can’t give OP 25% off as their margin isn’t anywhere near this figure. I guess we should also factor in handouts that companies like Walmart get from the government to subsidise their staff etc.
From reading a few reports, after looking this up, it seems walmart spend about 7% of it’s revenue on hiring, and about 32% on payroll. The other costs towards labor seem to vary greatly from source to source, depending on exactly what they take into consideration as a labor expense. So it is somewhere between 39% and 60% of the revenue.
So that other person was probably being super condescending for no reason? That’s kind of the impression I got when they said they had no idea the actual number.
It’s cute that you think 25% of your sale is going towards labour, even before self-checkouts became so commonplace.
Its cute that you are trying to twist what I said into something that I didnt say.
No wait, not cute. the opposite of that.
I said I want a 25% discount for doing their job and saving them the labor. Not that their labor is 25% of my bill.
I’m sorry you’ve taken offence to my throw away comment, as no offence was meant.
Just curious, I have no idea what the real number is, what do you think it is?
I have no clue. I guess you can look at the profit margin for a supermarket (Walmart is around 2%, I just checked), then figure out the average full food shop spend, and finally see what the average hourly wage is for a worker and how long it would take to ring up a full shop.
Although, this also highlights why they can’t give OP 25% off as their margin isn’t anywhere near this figure. I guess we should also factor in handouts that companies like Walmart get from the government to subsidise their staff etc.
Apparently they spend about 7.67% of their operating budget on labor. Just in case anyone was wondering. Source.
I would wager that a significant piece of that is centered around the logistics and distribution element. Cashiers are probably rounding errors.
Thanks for posting this.
From reading a few reports, after looking this up, it seems walmart spend about 7% of it’s revenue on hiring, and about 32% on payroll. The other costs towards labor seem to vary greatly from source to source, depending on exactly what they take into consideration as a labor expense. So it is somewhere between 39% and 60% of the revenue.
So that other person was probably being super condescending for no reason? That’s kind of the impression I got when they said they had no idea the actual number.