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Great Companies Don't Diss Their Workers

Great Companies Don't Diss Their Workers

CareerDiva | Excelle

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

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