Worker Shortage Might Be Excellent News For The Economy

A worker shortage might be excellent news for the economy! Maybe, just maybe, firms will awake and see workers’ substantial contribution to their success. Some CEOs take unconscionable sums and destroy their firm’s value, unlike many frontline workers who create value. During the pandemic, CEOs took vast sums as they laid-off workers. Some firms sought bankruptcy protection, but hat didn’t stop their greedy CEOs from snatching hefty bonuses.We have a worker shortage and firms are scrambling to hire whomever is willing. Some firms, like McDonalds have paid signing bonuses. Canada’s Loblaw and its competitors paid a bonus to frontline workers when the pandemic began. They stopped it after three months in unison with their competitors. When government confronted them about this collusion, they claimed it happened independently. Go figure! It’s like you caught your three-year-old with her hand in the cookie jar and she said, Mom, “Cookie Monster did it!”Worker Shortage Inevitable With Shoddy TreatmentLoblaw’s behavior disturbs me. During the bonus period, profits soared. Per se, that’s no problem. I favor firms making profits. To be sure, I am against government taxing profits. But paying workers the bonus during the pandemic shouldn’t hinge on profits. It was just right. Meanwhile, my wife and I shopped at a Loblaw store and workers continued their excellent service despite Loblaw’s slight.Leaders must realize frontline workers are the firm’s foundation and treat them well, not as cogs turning out CEOs bonuses! When employers treat workers like machines, they disengage. Gallup said, over several decades, they and other researchers found a strong link between employees’ workplace engagement and the company’s overall performance. Yet employers refuse to accept this. But there is good news: surveys show some firms break the mold and treat workers with respect: Cisco, Apple, Accenture, IBM, FedEx are a few.Next Quarter’s Earnings Drives BusinessesCompanies see next quarter as the prize, so they exploit workers and fudge next quarter’s numbers. I repeat: I am against government taxing business. However, I favor the Biden Build Back Better provision to tax share buybacks that the House passed, and it is before the Senate, even if it might have only a modest effect on share buybacks. Companies shouldn’t be spending billions buying back shares while exploiting workers.Firms should present to shareholder meetings options to use buyback funds. Choices might include effects of paying bonuses to frontline workers with buyback funds. Shareholders should hear about potential strategic investments, too. Another option is stopping buy-backs for five years after layoffs. Executives, too, shouldn’t get bonuses within five years of layoffs. We must get rid of worker exploitation that enhances CEO bonuses.The Business Roundtable Stakeholder Capitalism DisappearedThe Business Round Table (BRT) had a revelation in 2019 and decided maximizing shareholder value is not a corporation’s sole purpose. That metrics from the 1980s is wrong, it said. I wrote then that the BRT “… came up with lovely platitudes about looking after stakeholders and quickly ditched it and returned to their greedy practices… ” They continued to move away from those bromides during the pandemic.Let the worker shortage continue! It might be the force to rid firms of myopic, greedy incompetent CEOs. To be sure, the scarcity will cause disruptions in supply chains and elsewhere, but workers’ creativity, if allowed, will solve these challenges. Here is the million dollar question: Will enough firms decide to scrap the quarterly rat race and concentrate on building robust businesses for the long-term?

Read More

3 Tips from Someone With Experience

Advantages of Upgrading Your Home With Energy Saving Window Film

You need to ensure you enjoy the various advantages of upgrading your window with energy-saving window films. You can get the right solution by installing the right window solution out of the numerous available. People do not experience the thrill of window film due to lack of enough information. It is important to read this article by ESP Window Tinting and Graphics to understand better. Window film has several options to ensure everyone gets what they prefer. Having this modern solution for your window will make you feel better about your home or office. To ensure you make the right choice you need to know the advantages of window film. The information in this article by ESP Window Tinting and Graphics will help you know the advantages of upgrading your home with energy-saving window film. Read the following information to ensure you make an informed decision for your needs and make your desires to make your windows better come true.

The first benefit is maintaining security. Reading this article by ESP Window Tinting and Graphics will help you understand the benefit of security maintenance. The window film can be used to protect your property from theft in case of any attacks when you are not around. It is also possible to protect your windows from breaking when the weather is not good enough. It is advantageous to ensure you keep your home and property safe. You need to ensure you use window film to enjoy this benefit.

Another importance is to reduce the cost of cooling and heating. You need to ensure you save money when you can since it cost you to keep your home cool or warm. You can ensure your home is cool during the summer and warm during the winter when you install window film. This benefit of cost reduction should influence your choice explained in this article by ESP Window Tinting and Graphics. You need to ensure you embrace an idea that can help you save money so you can use the cash in other essential things. Remember this importance so you can select window film with confidence.

The third benefit is better privacy for your home. Window films have good privacy and protect you from the people who want to see the inside of your home. It is beneficial to enjoy the outside view without worrying about curtains and blinds. Upgrade your window with energy-saving window film to enjoy this advantage explained by this article by ESP Window Tinting and Graphics. Having privacy is essential to ensure you feel better as a homeowner when doing your things with peace of mind.

Read More