For a company with a predominantly union workforce, that relationship between the union and the employer has a dramatic impact on the success or failure or struggle of a workers’ compensation program. Hello, my name is Michael stack and I’m the CEO of Amaxx, and today I want to talk with you about that union relationship and most importantly and most specifically the collective bargaining agreement, the CBA. Obviously, the negotiation of that collective bargaining agreement has a lot of complexity to that, but today I want to talk with you about one point, and if you do not have this one point, the entire negotiation will be a lot more difficult than it needs to be. It’d be a lot more struggle than there needs to be. They’re going to have a lot more roadblocks then there needs to be, and that one particular point as you’re negotiating this, as you’re looking at this, is this idea of transparency, transparency.
Transparency With Union Leaders
We know the value of return to work on the employer side, or we should know the value of it on the employer side. A lot of times that’s not communicated properly to the union leadership and the union leadership and employer relationship is so important because those union leaders represent a large portion of the workforce. They represent a lot of employees and if that relationship with the union leaders go South, then a lot of times the relationship with the entire union workforce go South. This idea of transparency is so important. Going into a philosophically going into these relationships and negotiations with those union leaders, this is about demonstrating, opening up the books of the employer and letting them know the financial impact on the company and by the way, the financial impact on the union itself and how that impacts their fees and how it impacts their member dues, how it impacts their union benefits they offer to their workforce.
Open Books and Show the Financial Impact
A hugely important point to go into this, this idea of transparency. If you don’t have this idea of transparency, if you’re not willing to open up your books and show that financial impact, your success will be a lot more difficult than it needs to be.
Again, my name is Michael stack. I’m the CEO of AMAX, and remember your work today in workers’ compensation can have a dramatic impact on your company’s bottom line, particularly if you can negotiate with unions with transparency, but it will most certainly have a dramatic impact on someone’s life. So be great.
Author Michael Stack, CEO Amaxx LLC. He is an expert in workers’ compensation cost containment systems and helps employers reduce their workers’ comp costs by 20% to 50%. He works as a consultant to large and mid-market clients, is a co-author of Your Ultimate Guide To Mastering Workers Comp Costs, a comprehensive step-by-step manual of cost containment strategies based on hands-on field experience, and is founder & lead trainer of Amaxx Workers’ Comp Training Center.
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