OPINION: Employee satisfaction correlates with shareholder value, Lawrence A. Cunningham writes.
Investors prefer that corporate managers see employees as investments and partners in the business. But many people today reflect employee relations through political, metaphorical or even antagonistic eyes.
Employers’ response to employee demands vary, from outright rejection to complete acquiescence, with neither being ideal for shareholders. Some employers cater to particular employees by adopting political identities, such as Dish Network DISH, +1.20% or Patagonia on the left and Duke Cannon and Molson Coors Beverage TAP, -0.11% on the right. Politicizing a firm can be a good economic strategy in certain industries and is more tolerated than it once was.
KPMG will make direct firm contributions to the 401 rather than limiting them to matches of employee’s own contributions. The company is reducing employee health-care premiums by 10% without changing benefits. It now grants new parents 12 weeks of paid leave and separately offers another three weeks for employees needing to handle other caregiving roles.
This approach seems right for a society that continues to look to the private sector, not government, to generate resources for people. Even as Washington explores ways to thicken the social safety net, it’s corporate America that provides life-changing benefits to most Americans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BMW 335i Touring (F31) | PH FleetMatt's fulfilled a childhood dream of buying a six-cylinder 3 Series - here's how it happened... tbt
Read more »
Here's Where Stock Investors Should Consider Putting Their Money in 2022While many experts expect lower returns next year, there are some parts of the market that may outperform others.
Read more »
Avoiding Those Year-End Household Projects? Here Is Your Handy List of ExcusesHere's a handy list of excuses to use to explain to your family why those year-end maintenance and repair jobs aren't going to happen again this year.
Read more »
Here's What the Exec Who Boosted ESPN and Launched NFL RedZone Sees Next in Sports TVFormer ESPN and NFL executive Steve Bornstein discusses the future of sports television in an end of the year interview with CNBC’s Jabari Young.
Read more »
5 ways derivatives could change the cryptocurrency sector in 2022The arrival of “larger” players and their increased use of derivatives instruments could profoundly impact crypto markets in 2022. Here are five things to keep in mind.
Read more »
Another N.J. town announces mask mandate as COVID cases riseThe mandate, which will remain in effect for a month, will require patrons and workers to wear masks when not eating or drinking and when not socially distanced.
Read more »