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A Newsletter from Profit Point Consulting
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Quotable Quote:
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"[EFCA] would hurt us dramatically in our ability to be
competitive globally. Think about it--when was the last
time you heard a CEO say, 'I wish we had a union.'"
~ Jack Welch
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Feeling a little strapped for cash in this economy?
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Check out our blog for plain-talk advice on how to improve your bottom line.
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Greetings!
Buried in all of the financial news is a new law that could have tremendous negative
impact on small business owners nationwide.
It is called the Employee Free Choice Act (EFCA), and it would allow
workers to unionize very easily and relatively quickly if passed.
I recently
attended a seminar by Jackson Lewis,a law firm that exclusively represents
management in workplace matters, about EFCA and its impact on businesses. Below
are some highlights from their presentation.
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Unionization will be easier with EFCA
Let's face it-many companies are struggling to reduce costs,
and often "people costs" are a big source of savings. Employees are dealing with
reduced pay, mandatory furloughs and layoffs. To
combat this uncertainty, many are looking to unionization to provide protection
and job security-- and the Employee Free Choice Act (EFCA) allows them to do so more easily.
Unions are not just
for manufacturing companies. In
fact, union leaders have declared that "Rebuilding our strength must include
fast-growing, nonunion sectors," which include retail, professional services
and healthcare-- all jobs that cannot be moved overseas.
So why is this piece of legislation a big issue?
EFCA removes critical pieces
of the current-day unionization process, and could potentially allow unions to
take a swift and strong foothold in any business with multiple employees.
The current process (below) relies on an initial support gathering,
filing a petition, and a 6-week period where the company can plead its case
with employees to discourage unionization before the secret ballot election is
held.
EFCA effectively eliminates secret ballot elections, and the opportunity for the business to present its case, unless, of course, it is proactive. In addition, it gives employers and the new union only 120 days to negotiate a contract before going into mandatory arbitration. The law imposes hefty fines if the employer is found to have wrongly dismissed an employee due to unionization efforts.
So what can you do?
As Jackson Lewis put it, "Define yourself before the union
defines you."
Read on for some actions you can take now before unions get a foothold in your business. >>>
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Bills are passing through Congress with alarming speed and
there is little time to waste to be prepared for this one. For further information and additional steps
you can take to prevent unionization in your business, you can contact Jim McDonnell or James LaRocca at Jackson Lewis.
Sincerely,
Anna Masker
Profit Point Consulting
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Profit
Point Consulting works with small- and medium-sized businesses whose needs
extend beyond basic accounting and tax planning - businesses that want to
increase profits, lower costs, get better control over their financials, and
make more money. As
part-time CFOs, we give you a better handle on your costs and cash flow, so you
can make better pricing and capital investment decisions - and we do it in an
approachable, easy-to-understand way.
To find
out how our experience and insight - along with our forward-looking,
fresh-thinking approach - can help you, please contact us for a no-fee
consultation.
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