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Great Companies Don't Diss Their Workers
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I was reading Twitter tweets this morning and I came across one that directed me to a story about the Ten Characteristics of Great Companies by a venture capital investor in Hoboken, N.J., named Fred Wilson. It was a solid list of virtues that make for solid companies, everything from “constantly innovating” to “having a global mindset.”
But there was one key point missing — treat your workers well.
I don’t think that’s a lot to ask, and it is surely a big part of what makes a company great.
I’m thinking about this today because I just got a disturbing study by labor market experts in academia called Broken Laws, Unprotected Workers on how poorly some firms treat their workers, so my radar antenna was up this morning.
What they uncovered is alarming:
• Minimum wage: 1 in 4 workers (26%) was paid below the minimum wage in a given work week
• Overtime pay: 76% of those who worked overtime were not paid the required time and a half
• Meal breaks: More than two-thirds (69%) did not get meal breaks they were entitled to
• Off-the-clock work: 70% did not get any pay at all for work performed outside their regular shift
• Tipped pay: Nearly 1/3 (30%) of tipped workers were not paid the tipped worker minimum wage
• Pay documentation: 57% of workers did not receive mandatory pay stubs
• Employer retaliation: 43% experienced illegal retaliation following complaints
• Workers’ compensation: Only 6% of injured workers received coverage for medical expenses
• Exempt workers: 89% of “in-home” child care workers earned less than the minimum wage
MKG
2 months ago
12 comments
Very true. If you don't show courtesy and respect to those you work with, then there is a big problem with creating a positive supportive environment for both employees and customers.
changinglifestyles
2 months ago
2474 comments
Thanks for this very informative article.
jean0654
2 months ago
26 comments
I have worked at a few companies that treat its employees like s__t. Personally, I got called on the carpet so many times I don't know why they just didn't put me in the office. Another company, the owner treated me with disrespect by questioning my skills when hers were not that great either. She was lucky to have me, someone that she could beat up on and take it because I needed the job. Finally, I'd had enough and told her off and she called the temp service and ended my assignment. All I could say was "Halleluyah" That temp service hasn't found me anything else since then and I wonder if it will.