• 214-244-7227
  • robb@cfoforrent.com
  • Home
  • Blog
  • Contact Us
cfo-logo-hover
  • Robb
  • November 21, 2023
  • 0 Comments

Confused or mistrust Today's Wall Street Journal reported an announcement by Labor Secretary Hilda Solis that her agency will work next year to enact a laundry list of new rules to protect workers from unfair employers. While it's clear that some, perhaps most, of these rules are designed to aid the Obama administration's labor union allies, one phrase caught my eye. The Journal reported some of these rules will require employers to "increase disclosure to workers on how their pay is computed."

I don't know about you, but that sounds pretty basic to me, and it doesn't sound like something we need a national labor law to achieve. Why would any employer be unwilling to share that kind of information with the affected employees? I can't imagine an employer not being willing to tell an employee how they determined the wage they propose to pay (or are paying, for that matter). Either the reporter got their facts twisted around, or there is more to this part of the story than meets the eye. Am I being naive here? I know some business owners are sometimes less than straightforward with their workers, but there has to be a point to it, after all. Building mistrust without any return seems like a fool's path indeed.

Perhaps we'll hear more as this story develops.

As always, I welcome your comments.

  • disclosure employee employer Hilda Solis Labor Secretary labor union mistrust pay pay computation trust
  • Share This Post

Categories

  • Board of Directors (60)
  • Controller for Rent™ (153)
  • Entrepreneurs & Business Owners (314)
  • Entrepreneurs and Business Owners (2)
  • Exit Strategies (88)
  • Finance Mentoring (289)
  • Management (44)
  • Non-Profits (156)
  • Real Estate (11)

Popular Tags

  • accounting
  • balance sheet
  • banks
  • board of directors
  • book
  • budgets
  • cash
  • cash flow
  • cash management
  • CFO
  • CFO for Rent
  • economy
  • education
  • employment
  • exit
  • finance
  • Finance for Nonfinancial Managers
  • financial management
  • financial reporting
  • fund raising
  • Gene Siciliano
  • governance
  • growth
  • hiring
  • investing
  • lending
  • loans
  • M&A
  • management
  • money
  • Non-Profits: This Blog's for You
  • nonprofit
  • not-for-profit
  • part-time CFO
  • planning
  • profit improvement
  • real estate
  • retirement planning
  • risk management
  • sell the business
  • small business
  • strategy
  • taxes
  • training
  • Your CFO for Rent

Please feel free to contact us at 214-244-7227 or robb@cfoforrent.com
for an exploratory conversation with no obligation.

We will be glad to hear from you.

Get In Touch

© 2024 CFO For Rent - Western Management Associates. All rights reserved. Website by Avodah Web Solutions.