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DRR Top Comp |
It's positively INSANE that they can pass a law that only affects a particular subset of one particular industry. I imagine lawsuits will be filed. __ Michael Beard - staginglight@gmail.com Staging Light Graphic Design, Printing & Event Marketing | |||
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DRR Top Comp |
Absolutely. That's something most people aren't even aware of. While Trump's deal was initially necessary to keep our oil companies from going bankrupt due to Governors' lockdowns in 2020, making it a TWO year deal hamstrung us as we were trying to recover just 8 months later. Instead of reacting to meet demand, OPEC basically said, "A deal's a deal" and refused to increase production. Lump that on top of Biden's terrible oil policies on day one and incredibly weak foreign policy which emboldened Russia to invade Ukraine with impunity, and we had a recipe for skyrocketing fuel prices. Combine spiking fuel prices with the Trillions of dollars in "free money!" doled out by both the Trump and Biden administrations, and skyrocketing inflation became an absolute certainty. And here we are, *^%$#ed. Trump helped broker a large oil production cut with OPEC, Russia, Mexico - April 13, 2020 __ Michael Beard - staginglight@gmail.com Staging Light Graphic Design, Printing & Event Marketing | |||
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DRR Trophy |
I'm not too proud to take advice, what should employers do? | |||
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DRR S/Pro |
Governor of Cali is good friends with the founder of Panera is what I read. ____________________________ 2017 and 2018 Osage Casinos Tulsa Raceway Park No-Box Champion 2018 Div4 Goodguys Hammer award winner | |||
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DRR Pro |
I read….. Easy way out legally, start making and selling that store made bread at your fast food business. Doesn’t have to be priced to sell, just comply with the law not to be forced to pay $20 hr minimum wages. | |||
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DRR Pro |
Kinda like brobama handing out exemptions to brobamacare regulations for his buddies, before the ink was dry on that piece of crap. "Despite the high cost of living, it remains popular." Dave Cook N375 | |||
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DRR S/Pro |
Yes he is and a huge donation too! Now the can of worms is opened up and he’s cutting more deals with more companies. Backstroke! California Screaming! Raceless in California! | |||
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DRR / Crew |
This!
When Nicole and I had 45 employees we wanted to be the best employer in our area in that sector. You need to consider pay rate, work environment and perks. You don't need all 3 but 2 for sure and if you can manage all 3 it's a trifecta and allows you to be the top tier employer in your area in your sector. We wanted employees at our competitors to want to work for us. That kept them coming in the door looking for work at all times and gave us the cream of the crop to choose from. If you don't think you can afford it, take a look at your turnover rate and what it takes to train a new employee. Odds are YOU CAN AFFORD IT in comparison. SL... | |||
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DRR Sportsman |
Like bracket racing, employee retention is about who has the best package. Salary, health insurance, retirement plan, paid time off, work environment, employee training and well being, etc. are all part of the package. 72 Nova "Hooptie" | |||
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DRR S/Pro |
No, it was all of the FREE that was a result of it! | |||
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DRR S/Pro |
More FREE to buy votes.......... | |||
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DRR Trophy |
When I started my career in the '60s, as an employee, the company's wage wasnt that great,but had medical, dental, vision and a retirement plan and a employee stock ownership plan that awarded you stock for years of service. As I was starting my family, those benes looked awful good. After i had been there 20 years the company sold to a bean counter, that his only priority was ROI. He started to cut benes and I decided to take retirement before that was gone also. I went to another Mom and Pop company, and spent another 20 years there, and lo and behold they did the same thing. I decided to take my destiny in my own hands went full time in the company I started in the 70's as a backup plan and to do side work. I found out that with working with some of my customers employees that they had no benefits, no retirement and had to pay their portion of the group health insurance. Until I went full time self employed,sole proprietor I had no idea that things had gotten so bad out there in the work force. I was really lucky back then, I wouldn't want to be out there now, on either side. | |||
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DRR / Crew |
One other thing. If you still cant afford a great employee, you better look at things that will allow you to. Cutting costs, raising prices, increasing sales, etc. Your company will not survive without them. | |||
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DRR S/Pro |
I run an OEM manufacturing facility of our own product line. We do have pretty good employee retention. We are treated really well here and have comparable benefits to most companies around but our pay is a little below. The problem I am having now is that most of my shop is getting old and I need probably 2 more guys added right now. I am competing against the IC bus plant, Amazon, Wal-Mart, 2 huge paper plants, many aerospace shops, American Airlines, Whirlpool and 3-4 large oil tool shops. Not only can I not compete with their salaries, people keep saying, "you can make $15 an hour at McD's. Well you can start at $15 for managers but common labor is starting at $12.50. They have it on signs. I don't begrudge people making all they can but it's the mindset that they are worth more than they are just because we have jobs open. I usually hire people with very little experience because nobody knows how to do what we do for the most part. I get that demand drives price but I have interviewed very few that are worth what they want. I definitely start people higher than McD's managers but this is just what I am fighting against right now. Oh, and we do get a lot of resumes' from the large company workers when we post openings because they hate working where they are treated like rented mules but they have to stay because of the money. Edit to add more based on SL's post that he put up before I finished this one. We have been raising salaries but just can't stay ahead of the curve. ____________________________ 2017 and 2018 Osage Casinos Tulsa Raceway Park No-Box Champion 2018 Div4 Goodguys Hammer award winner | |||
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DRR Top Comp |
I sold out and retired 23 years ago. The employee that had been there the least amount of time had been there 12 years. I paid them more than my competitors, paid their insurance, matched their 401k, and gave them ample time off. I basically trained no one as I let the other guys train them and once they got good I stole the good ones for myself. I took care of them and they took care of me. That was another time and I think today things are clearly out of hand. I could have left with a whole lot more money if I had chose to be a slave driver but I sure as I can see left with enough. | |||
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DRR Trophy |
I have a Tire and Auto Shop, about 50% service and 50% tires/oil/brakes. My techs are ASE certified and do great work, and they are paid higher than the industry average, and they have been here 4 years (one is 26) and 15 years. They are both happy to be here, and are trusted with a key to the place if that tells you anything. The tire and lube techs are paid higher than the standard Valvoline/jiffy lube employee, but until they pass and ASE cert AND can prove to me they can be trusted on bigger jobs, I can't pay them more (not that they ask) because the margins in Tires and Oil isn't high enough. Unfortunately, with one of them, this is the top of his career ladder (cognitive ability) I've interviewed a lot of guys, and didn't hire them based on their attitude, or frankly, my perception of if they were willing to take instruction. You get pretty quick to judge during the interview when you ask about their previous job. Also, I will fire a guy if they get a temper in the shop. The big problem is everyone I interview says they can "fix anything". When they say that, they are saying "they can switch parts" but the correct diagnosis is where they fail. If the boss (me) has to show them what is wrong, and/or how to fix it, this isn't the job for them. Factory work is a better fit for them. Bolting a coil pack on a LS motor is not $30/hr work. Raising prices isn't as easy as it sounds, at least in my opinion. Tire margins are thin, and service work gets competitive, especially during slow times. All the guys get production/sales bonuses, but we don't sell parts on commission as a whole. If the customer doesn't need brakes, we don't sell them brakes. This is a black eye on the industry, and is why repair shops get a bad reputation. All that said, I have to (and do) make money. I can't let the tail wag the dog, but I think when the economy and labor market resets, the long standing employees will have the most value, due to loyalty. | |||
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