Friday, February 7, 2014

NOT ALL EMPLOYERS ARE OUT TO SCREW THEIR EMPLOYEES

(The following is reproduced from the Motley Fool Investment Clubs Analysis/Macro Economic Trends And Risks Board post  #443937 on February 5, 2014)


There is a great article in Motley Fool today about companies that give their employees significant profit sharing bonuses. This last year one company even gave bonuses averaging 33%of their salary. These companies believe that doing so gives them a better workforce wit incentives to worker harder and better to help the company make profits(http://www.fool.com/free-report/stock-advisor/the-motley-fools-top-stock-for-2014/page1?iid=58990303&vsaid=6915&email=rocky24%40juno.com&dest_url=%2Ffree-report%2Fstock-advisor%2Fthe-motley-fools-top-stock-for-2014%2Fpage1&src=isaeditxt0900096)

In spite of all the negative news on ACA coming out lately, it is all to a company's advantage to provide heath care to their employees as that too leads to a more stable and healthy work force that helps productivity. Of course ACA provides some ability for the employee to quit poor working conditions and wages to find a better job. It is about time.

It used to be that companies wanted a level playing field which ACA provides. Now many just don't want change. I suspect that with time we will see adjustments. And for all the emphasis on small business, 98% of small businesses hire fewer than 50 employees and are not affected by ACA. (I do not imply that ACA couldn't be improved and hope it will be.)

Though I like Olive Garden's menu, I do not go there anymore because I found I would have to wait in line with 30 people when I could see a whole dining room vacant because in their mania to drop waiters and waitress working hours below 30 hrs/wk so they don't have to provide health care. They not only screw their employees but their customers as well. 

In contrast, Cracker Barrel gives their employees benefits and even paid vacations and fills the place daily with customers. I know one waitress who was let go when a Breakfast Anytime closed where she worked and thought she had gone to Heaven when she got a job a Cracker Barrel.

Note added March 2, 2014:  There are companies that provide some sort of assistance to helping employees buy or rent homes, especially closer to where they work: (https://www.metroplanning.org/uploads/cms/documents/hwfeahfinal.pdf)

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