Walgreens, king of the kings, proud to announce that their expenses have gone down in the area of salary and payroll. I pity you stupid idiots who dont have enough brains to get out of there... is this not obvious that your raises could have been larger? I was forced out after over 20 years of service so that a lower paid manager could be put in place, hey they numbers look better, but the service has sucked since I left.... amazing, the customers still love me even after Walgreens, the giant got a nice salary cut by my leaving. Take my advice, get out cuz you are only a number to the morons above who are issuing your raises.
The interesting thing is that while the say store salaries have been cut, nothing is said about corporae salaries. Every month they announce new promotions, executive vice presidents, senior vice presidents,etc. Seems to me that it is getting extreemly top heavy with executives and the people ho work in the stores are paying the price...
"I pity you stupid idiots who dont have enough brains to get out of there... is this not obvious that your raises could have been larger? I was forced out after over 20 years of service so that a lower paid manager could be put in place, hey they numbers look better, but the service has sucked since I left."
Hey, you are moving up in the world! Last week you were the pitiful Yankbert, the fired camera clerk and NOW you are a store manager who was "forced out"! What's your job that you were fired from next week, DM or RVP? One thing that will remain the same will be the FACT THAT YOU ARE YANK THE LIAR!
I have averaged 6.5% annual raises over the last 10 years, due mainly to RPh shortage. My latest was 5.8%. Walgreens has to keep up with the market, with Wal-Mart, amazingly, currently leading the way. The shortage will get worse, as babyboomers are getting older and requiring more meds. Demographics won't change anytime soon.
Costs are being controlled, but not at the expense of raises. You are completely wrong on that point. How can Walgreens maintain the pace of expansion if their salaries are way below market? Think about it.
So you averaged 6.5% and the last was 5.8....sounds like you've given proof they are reducing salary increases. As far as market based compensation depends on where you are. However, with all the increase in class size and increase in number of colleges that will soon be dumping slaves on the market I think you'll see the rasies get lower and lower. I also think you'll see higher paid pharmacists sent packing in place of lower paid young ones. I don't how it is today but in years past there was not that much difference in a guy with 20 years and a new one out of school. Just like the pharmacy manager makes only a slight amount more than the staff slave. Like a guy told me when I was looking to become a pharmacist he said "you start out at the top but you don't go anywhere"