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.
Is it actually “cute” that this person allegedly overinflates the worth of checkout labor, or were you being condescending?
It is not and I was not meaning to be condescending.
I was trying to add a little humour, clearly I’m not funny. It’s not that deep.
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.