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First recorded activity by BoatBanter: Mar 2013
Posts: 110
Default Harry Krause in his own words doing his part to fight unemployment

I'm doing my part to ease unemployment. I'm hiring another writer for my
staff. Will be putting the ad on MONSTER.COM and in the Wash Post.

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.

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