Quote:
Originally Posted by iggy_oi
My point is this, Canada post isn't struggling right now, since restructuring they are making more money than they have in a long time. Those profits should be shared (reasonably) with their employees, instead they are seeking concessions. When a company does well it is better to have their employees share the rewards, since first of all, without them that company doesn't succeed, and secondly it is good for the economy which in the long run is good for that company because it maintains their customers.
You are an accountant, I'm not sure if you run a private business or work for a larger firm, but imagine if you did work for a publicly traded firm, and saw their stock and profits increase every year, while always increasing their fees to clients, yet every year the came to you saying you weren't getting a raise, or they were reducing your pay. Would that seem like the best thing to do, even though it makes sense for them because their profits will go up?
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Profit sharing at a public corporation? The employees are already compensated better than private employees and they receive better benefits. As a public corporation, the mission at Canada Post should be to provide an optimal level of service at a minimal cost. If costs become out of control they need to overhaul the system.
Private employees understand that the performance and success of the company and their employer is tied to their efficiency. Public employees don't share that same level of connection. They just ride the public corporation until it becomes unsustainable and they cash out with a hefty package at the end.