but not to invest in their employees. In recent years, Walgreens has spent $429 million for Drugstore.com ,
$1.1 billion for Duane Reade,$6.7 billion for half of Alliance Boots GmbH, and up to
$2 billion for the other half over 3 years time, and now,$438 million for 144
LaFrance Holdings Inc stores. All the while, cutting employee benefits, and 're-organizing'
how the raises and bonuses will be distributed, aimed at the goal of minimizing the amount
the company would have to pay out to employees.
The wages are poor. The Blue Cross insurance plans are hardly affordable. They have high
deductibles and out-of-pocket constipulations. No optical coverage is even offered. Many
employees cannot afford to live on their wages in the community they work in.
Salaried positions cover 44 working hours, but it is implied by corporate that these employess
must work 50- 60 or more hours, typically with out breaks and often without a day off.
Promotions are dangled like carrots in front of a horse. Taking sick days, personal days
and vacation time is frowned upon as an unspoken rule. It is understood that not working
more hours than one is paid for, labels the employee uninvested or unmotivated. This is
often used with the dangling carrot promotion to manipulate the employee to work
more unpaid hours.
Managers are frequently transferred, with little or no notice. This is disruptive and makes
it difficult for employees to secure a place to live near their store. With Walgreen's wages,
rent is unaffordable. Combined with the instability of a home store, buying a home is nearly
Corporate expects maximum productivity and profits from their staff while investing the minimum
in their wages and health. The members of the corporate office who make the life changing decisions for employee wages
and benefits have substantial salaries and are completely detached from the reality of
trying to survive with such little pay.
For a company that promotes itself as a one that values health and wellness, they have
selfishly and neglectfully fallen short of their marketing vision, in lieu of billions in profits.
This is a company that can afford to offer ample wages and superior health insurance. They
just don't care to.