I’m open. I have a small, local business with 8 employees. I take a $1/yr salary and no profit distributions. Everything goes back to employees right now (including benefits being paid for). If we have a bad month, I just cover everything with my own money.
That said, it seems like the idea of being unionized would improve morale so I’m all for it. I just don’t know where to start.
Per another thread, foregoing a union in lieu of an ESOP would be better - which I’m also all for. Just open to any feedback.
Unfortunately as the owner, you’re not legally allowed to encourage your employees to unionize. Something else to consider as another option: you do have the power to convert your business into a worker cooperative
I’m open. I have a small, local business with 8 employees. I take a $1/yr salary and no profit distributions. Everything goes back to employees right now (including benefits being paid for). If we have a bad month, I just cover everything with my own money.
That said, it seems like the idea of being unionized would improve morale so I’m all for it. I just don’t know where to start.
Per another thread, foregoing a union in lieu of an ESOP would be better - which I’m also all for. Just open to any feedback.
Unfortunately as the owner, you’re not legally allowed to encourage your employees to unionize. Something else to consider as another option: you do have the power to convert your business into a worker cooperative
Seems like a nobrainer in that guy’s case. They already pretty much earn all the money. Why not let them have a say in governance?