Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 1 year ago

MODERATORS

seeCseas@lemmy.world

tintory@lemm.ee

TinMod@lemmy.world

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The world’s best airline is paying staff a bonus of 8 months’ salary after record annual net profit of $1.98 billion (www.cnn.com)

submitted 6 months ago by return2ozma@lemmy.world to c/workreform@lemmy.world

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[–] BassTurd@lemmy.world 39 points 6 months ago (2 children)

I recently started at a private company that does profit sharing through ESOP. This year to all invested employees, so those more than ~1yr, they contributed around 30% of their annual salary in stock to their retirement. The private stock price rose about 32% from last year as well. On average the stock goes up 20%+ and the contributions have been around 18%. The founder and IG CEO found that companies that have an ESOP grow faster than others, and are happier. It takes 6 years for full investment, but after that, when you leave, they pay out your shares at that stock price, over a few payments I believe.

[–] fluckx@lemmy.world 15 points 6 months ago

I bet it helps with employee retention as well.

[–] ChillPenguin@lemmy.world 11 points 6 months ago (1 children)

I wasn't a believer when I started at an ESOP. But looking at my retirement funds after working for 8 years at the company. Then comparing it to friends who were given shares of large public companies and making maybe like 10k over 4 years. Absolutely worth it.

[–] BassTurd@lemmy.world 5 points 6 months ago

If I were eligible this year, it would have been >20k just given to me for retirement. They also contribute to 401k. It's nothing crazy but it's something on top of ESOP. I don't want to need to work until I'm to old to enjoy retirement, but my wife and I like to travel now. This helps do both.