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Lu Powell Lu Powell is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 62
Default Harry's Employees


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...
On Feb 21, 10:50 pm, "William Bruce" wrote:
Harry Krause wrote:
I can just hear -barely- the Republicans whining this fall that
"we're not
in a recession, everything is fine, the rich are still rich, and the
barely employed and unemployed and homeless don't matter."


Harry, You haven't replied to my query and I'm very curious. Since you
brought up the subject of employment, are you still able to furnish
those
wonderful benefits for all your employees? That's quite a feat, and
I'm
wondering how in the world you can to it.

From a prior Harry Krause posting:

I'm doing my part to ease unemployment. I'm hiring another writer for
my
staff..
I need more staff because 2004 is a major election year and business


booked to date indicates we'll be drowning in work. We need to hire
a
production coordinator, too. It has very little to do with the state
of
the economy, other than using it as reason to defeat Republicrap
candidates.


We have first-class benefits, including a top-of-the-line health
insurance plan, a non-contributory defined-benefit pension plan, a
401k,
and a life insurance policy equal to annual salary. We contribute a
share of profits to the 401k on behalf of the employee. Our
employees
pay $4.50 for generic prescriptions and $8.00 for non-generics, but
that's going up next year to $10 and $15. New employees get two
weeks
vacation the first year, and that goes to three weeks the third
year. In
addition, we have 12 paid holidays and we shut down from noon on
Christmas eve to the day after New Year's Day. We also provide 20
days
of paid sick leave a year. And we have an outside company
administering
pre-tax flexible bennies for our employees.
Our fringe benefit package follows the trade union model, except, of
course, for the profit contributions to 401k's. Trade unions are
not-for-profit enterprises.
How do these compare to the bennies at your shop?

The 20 paid sick days aren't part of the "paid" days off unless
those
days are used. None of our people abuses sick leave. In fact, no one
as
yet has even come close to using 20 sick days in one year. They're
there
in case they're needed.


Oh, I forgot. We also provide everyone with LTD.

The company provides an insurance plan that pays 50% of an employe's
salary for Long Term Disability. Employes have the option of
purchasing
an additional 16.66%, bringing their total to 66.66%. The basic
benefit
maximum is $4,000 per month. With the buy up, the limit is increased
to
$10,000 per month.


His employees, and his company are just like his Zimmerman like
lobster boat, his Yale degree, his Dr. Dr. wife, his sailing from S.F.
to Hawaii, his dad going trans Atlantic in a runabout and getting a
fireboat welcome in NY city, and on and on.


Don't you just wish you could buy him for what he's actually worth and
sell him for what he thinks he 's worth?