Another company goes part time only

[JustRalph]

http://www.policymic.com/articles/59...mployees-hours

Sure glad this stuff isn't happening.........

[Clocker]

Originally Posted by JustRalph

Sure glad this stuff isn't happening.........

It's not happening. It's just another phony scandal to take Washington's eye off the ball and to discredit the most transparent administration in history.

People don't understand what is good for them, and that this is a good thing. Cutting hours means more jobs for more people, which helps spread the wealth around. Several people on this very forum recently argued for the benefits of cutting the work week. Their views are vindicated.

[Dave Schwartz]

Although the ethical nature of Forever 21’s decision is debatable, it is both rational and understandable

An excellent quote from the article.

No business can be expected to lose money in order to satisfy a law.

[Robert Goren]

Another company headed toward bankruptcy, because of bad management decisions which the right will blame on Obama. Going the part-time help will only make employees care less about what to the company. It has been proven over and over again. Businesses do not fail because taxes or government regulations.They fail because the bosses are too dumb to keep up with their competitors. Watch CNBC 's The Profit where a guy comes and tries to rescue small businesses and see all the dumb management. If you have never been on the decision level of a business, you will get a real eye opener. In two of the 3 shows thus far, the business were built by someone who has died and kids are running it to ground by doing stupid stuff. The third business was in trouble because $400,000 disappeared in the last year. I wish I could say that these business were exceptions, but my experience tells me they are the rule. I remember here locally a prominent local business ate his gun after it was learned he was kiting checks to keep up his life style. A friend of his told me how shocked she was by the incident. Her father (who built a local theater business from nothing) told me 20 minutes later that he wasn't surprised. That guy had never "smelled " right to him. What difference a generation makes when it comes to business savvy.

[Clocker]

Originally Posted by Robert Goren

Another company headed toward bankruptcy, because of bad management decisions

There is nothing in the story to indicate that they are in trouble. And if they are in trouble, it is certainly exacerbated by a federal program that virtually mandates a switch to part time work for low wage retail operations.

[Robert Goren]

Originally Posted by Clocker

There is nothing in the story to indicate that they are in trouble. And if they are in trouble, it is certainly exacerbated by a federal program that virtually mandates a switch to part time work for low wage retail operations.

It does no such thing. That is a management decision. The companies that survive will be the ones that sacrifice a little profit temporary for good of the company in the long run. These kinds of decisions have to be made daily. I have never seen a company last too long by grabbing quick profits at the cost of future profits. Some of Forever 21's competitors are making the opposite decision. We will see who survives. If I am correct, the Forever 21s will go out business and blame Obama care and you and others on the right will eat it up. In the mean time its competitors who made the opposite decision will thrive and you and those on the right won't even notice.

[rastajenk]

You expect to hold off a tidal wave of real experiences with three episodes of a reality-like TV show? You serve up some weak tea sometimes, but you really mailed it in this time.


/cliche-finder off

[tucker6]

Originally Posted by Robert Goren

What difference a generation makes when it comes to business savvy.

There's nothing generational about business savvy. It is built into some people's DNA like anything else. There are 25 year olds out there that can run rings around 99% of people over 50, and the reverse holds true as well.

I will say that most small businesses fail, not due to govt tax and regs, but through the choices the owner makes. Having a great idea (whether a product or a plan) doesn't mean you are good at implementation. That's why licensing and royalty concepts were invented. Just because you're good at implementation doesn't mean you're good with people or benefit plans. That's why HR depts were invented. Stick to what you are good at and add key people to do the rest if you can.

I knew a CEO of a fairly large business that ran it into the ground because his vision was very myopic and he was a control/power freak who didn't trust his people to do their jobs. When the head of sales left, he took over the position. How much time do you think he gave to sales meetings/concepts/programs/pricing when he already had a full time job as CEO????? That's why businesses fail...

[Clocker]

Originally Posted by Robert Goren

The companies that survive will be the ones that sacrifice a little profit temporary for good of the company in the long run.

Forever 21 has over 27,000 employees. They have some stores outside the country. Let's just say conservatively that they have 20,000 US non-management employees. The employer mandate penalty would be $60 million a year if they did not provide health insurance to those employees, and who knows how much more the cost would be if they did provide it. A small sacrifice for the good of the company in the long run?

[mostpost]

Originally Posted by JustRalph

http://www.policymic.com/articles/59...mployees-hours

Sure glad this stuff isn't happening.........

Another in a long series of anecdotal posts by you that proves nothing. According to the Huffington Post article on this same story, the company claims that less than 1% of its US workers will be affected by this move. Forever 21 also says that the decision has nothing to do with Obamacare.

When you show me statistical evidence that a significant % of American businesses are cutting employee hours at a substantial rate, I might pay attention. As of now the combined total of your and others posts on the subject is in the neighborhood of one in a million.

[JustRalph]

Originally Posted by mostpost

Another in a long series of anecdotal posts by you that proves nothing. According to the Huffington Post article on this same story, the company claims that less than 1% of its US workers will be affected by this move. Forever 21 also says that the decision has nothing to do with Obamacare.

When you show me statistical evidence that a significant % of American businesses are cutting employee hours at a substantial rate, I might pay attention. As of now the combined total of your and others posts on the subject is in the neighborhood of one in a million.

You are full of it. The entire restaurant industry has either done it, or is planning to do it. Keep telling yourself that it's not happening........

[mostpost]

Originally Posted by Clocker

It's not happening. It's just another phony scandal to take Washington's eye off the ball and to discredit the most transparent administration in history.

People don't understand what is good for them, and that this is a good thing. Cutting hours means more jobs for more people, which helps spread the wealth around. Several people on this very forum recently argued for the benefits of cutting the work week. Their views are vindicated.

I'm sitting here shaking my head, unable to comprehend how someone can come to the conclusions you come to. Proposals to go from a 40 hour work week to a 35 or 36 hour work week are always accompanied by a corresponding increase in hourly salary. Since the increases in productivity over the last decades have not been accompanied by comparable increases in wages, there is ample room for improvement.

Cutting someone's hours while keeping them at the same hourly rate and denying them benefits has only one outcome. That is to hurt the workers.

[tucker6]

Originally Posted by mostpost

I'm sitting here shaking my head, unable to comprehend how someone can come to the conclusions you come to. Proposals to go from a 40 hour work week to a 35 or 36 hour work week are always accompanied by a corresponding increase in hourly salary. Since the increases in productivity over the last decades have not been accompanied by comparable increases in wages, there is ample room for improvement.

Cutting someone's hours while keeping them at the same hourly rate and denying them benefits has only one outcome. That is to hurt the workers.

Yes and no. It has less to do with hurting workers (although that may be an outcome) than it does cost shedding. Most families have both adults working. Both companies that they work for likely have health care and other benefits. if company A decides to forgo full time, they likely also eliminate health care costs. That is their real reason for doing this, and not to stick it to the employee per se. It is also likely that the employee can pick up coverage with the spouse. Eventually as Obamacare takes hold, no company will offer health coverage. Why offer something that is being given out for 'free'? You are seeing the first vestiges of that here.

Now you're free to ask, "but won't the employees leave"? Some will. Most will not due to family circumstances. Again, a calculated risk from mngt. Besides, anyone with a spouse who can get benefits would be willing to work at company A. In the end, the employee may take a 12% pay cut (5 hours lost/40 hours), but they still have a job. As the economy improves, I would expect wages to follow for this new class of worker.

Edit to throw you a piece of red meat: The actual outcome is that profits will go up for the same revenue stream. Investors are happy as are upper mngt, who likely have bonus programs tied to cost shedding endeavors. That is business. Always has been. Always will be.

[Saratoga_Mike]

Originally Posted by mostpost

Another in a long series of anecdotal posts by you that proves nothing. According to the Huffington Post article on this same story, the company claims that less than 1% of its US workers will be affected by this move. Forever 21 also says that the decision has nothing to do with Obamacare.

When you show me statistical evidence that a significant % of American businesses are cutting employee hours at a substantial rate, I might pay attention. As of now the combined total of your and others posts on the subject is in the neighborhood of one in a million.

I love your baseless arrogance - it's very funny!

Anecdotal? How about you go to the Dept of Labor's website? How about you tell us how many full-time jobs were created between April 2013 and July 2013?* Now tell us how many PART-TIME jobs were created over the same time frame?

Let me do it: +37k full time jobs and +684k part-time jobs.....turns out Anecdotal Ralph is right.

Next question?

*use the seasonally adjusted numbers; otherwise, you will get a distortion from the normal seasonal uptick in part-time work

[maddog42]

Just to give another perspective.

A couple weeks ago I was in Half-Price Books in OKC. I saw they were needing help. I have about 5 years of experience in running and/or working in used book stores so I picked up an application. I am looking for a part-time job, so I can continue to babysit the grand kids. When I went in for my interview the manager and district manager told me they would like to hire me, but they only hire full time employees. They asked if I could go full time at $8 an hour.
I politely told them it wasn't the pay, but my situation wouldn't permit it. They were extremely nice and seemed like a good company. Surprisingly, they seem to have stores(50?) in at least 10 states.


http://www.hpb.com/