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Also, at the time, it reduced the spending necessary for free shipping to $35 from $50. These moves are being spearheaded by Walmart.com 's CEO Mark Lore , who joined the company when Wal-Mart bought Jet.com, which he founded last year. It's also another illustration of how Wal-Mart is trying to figure out a way to compete with Amazon and its dominant Prime plan. Amazon's membership program costs $99 a year, but includes services like streaming music and video that have created fierce loyalty. Analysts say that Amazon Prime members buy frequently and spend more money. "We're creating price transparency to empower customers to shop smarter and choose what's best for them," Lore wrote in a company blog post. He noted now they can either pick up an item and save even more money, or get two-day shipping for free without paying for a membership. He noted that he believes that the business is gaining momentum. Wal-Mart's online sales increased 29 percent in the fiscal fourth quarter, up from 20.6 percent in the previous period.
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And how should you act on the facts? Why is releasing gender pay data important? The Chartered Management Institute (CMI) calls it "unprecedented transparency". For the first time, more than 9,000 companies employing about 15m people will have to measure, and then report, how they pay men and women. It will affect nearly half the workforce in the UK. Unequal pay for men and women doing the same job has been illegal for 40 years but overall the gender gap in the UK still stands at 18%. Ann Francke, chief executive of the CMI, says: "The answer lies in the fact that the gap, in most cases, is not the result of unequal pay. "Instead, it reflects the failure to achieve a balance of men and women in senior management roles, or to attract and retain women in some of the better remunerated occupations". What will the gender pay gap data tell you? It won't compare your salary with someone else's.
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