Compensation And Benefit Strategy

Change Management Plan Name Institutional affiliation Change Management Plan Introduction Organizations face challenges that affect the overall performance of the business. Change refers to the alterations made to the business culture, strategy, technology and operations to address the challenges that affect the organization. However, one characteristic of change is that, it attracts resistance. This is the tendency to maintain the status quo, mostly due to the fear or uncertainty of the new system. Change management refers to a process of ensuring that the momentum of the change process is maintained, not only until the company achieves the desired outcome but to make the new changes part of the organizational culture. Wal-Mart is the worlds largest retailer. However, the company received complaints about gender and racial balance, leading the company to reconsider its hiring, promotion and training programs. Reasons for change Wal-Mart did not violate any employment laws. However, as an industry leader, the company is expected do more than compliance with government regulations to correct the publics perception that the companys top management is dominated by older, white males. There are many benefits that come from a diversified workforce. First is the reputation as an employer. Talented employees are often