We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Costco at Odds Over Seattle's Proposed Scheduling Law
Read MoreHide Full Article
In order to safeguard the interest of workers, Seattle officials are contemplating on passing a new scheduling law, per media sources. The proposed law would be applicable to large retailers, coffee chains, and fast-food and full service restaurants with employee strength of a minimum of 500 globally. However, one of the warehouse retailers Costco Wholesale Corporation (COST - Free Report) which is well known for its employee related policies is in discordance with the proposal.
As per some important norms required by the new scheduling law proposed by Seattle Council members, employers need to inform workers about their schedules, at least 14 days in advance; workers should get at least 10 hours between shifts; they should get an hour of “predictability pay” for any change in the posted schedule; and employers should offer additional hours to current employees, posting the notice for a minimum of three days and giving workers two days’ time frame to accept the offer, before hiring new workers.
Costco practices one of the best employee policies in the industry. It offers a decent entry-level wage and recently increased the same by $1.50 to a range of $13 to $13.50 an hour, per media sources. Its average wage for hourly employees is approximately $22. The company provides full-time employees 40 hours per week and part-time employees 24 hours per week; and also posts schedules at least two weeks in advance. The company also provides health-care benefits to both its full- and part-time employees.
According to Costco, instead of improving its work conditions, the new ordinance might actually turn out to be an administrative burden. Other companies that may come under the ambit of the new law include Starbucks Corporation (SBUX - Free Report) , Macy's, Inc. (M - Free Report) and Nordstrom Inc. (JWN - Free Report) . The law, if it is passed, may come in force from Jul 2017. Though there are voices being raised against the new proposal, the worker’s group Working Washington is pushing for it.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Costco at Odds Over Seattle's Proposed Scheduling Law
In order to safeguard the interest of workers, Seattle officials are contemplating on passing a new scheduling law, per media sources. The proposed law would be applicable to large retailers, coffee chains, and fast-food and full service restaurants with employee strength of a minimum of 500 globally. However, one of the warehouse retailers Costco Wholesale Corporation (COST - Free Report) which is well known for its employee related policies is in discordance with the proposal.
As per some important norms required by the new scheduling law proposed by Seattle Council members, employers need to inform workers about their schedules, at least 14 days in advance; workers should get at least 10 hours between shifts; they should get an hour of “predictability pay” for any change in the posted schedule; and employers should offer additional hours to current employees, posting the notice for a minimum of three days and giving workers two days’ time frame to accept the offer, before hiring new workers.
COSTCO WHOLE CP Price
COSTCO WHOLE CP Price | COSTCO WHOLE CP Quote
Costco practices one of the best employee policies in the industry. It offers a decent entry-level wage and recently increased the same by $1.50 to a range of $13 to $13.50 an hour, per media sources. Its average wage for hourly employees is approximately $22. The company provides full-time employees 40 hours per week and part-time employees 24 hours per week; and also posts schedules at least two weeks in advance. The company also provides health-care benefits to both its full- and part-time employees.
According to Costco, instead of improving its work conditions, the new ordinance might actually turn out to be an administrative burden. Other companies that may come under the ambit of the new law include Starbucks Corporation (SBUX - Free Report) , Macy's, Inc. (M - Free Report) and Nordstrom Inc. (JWN - Free Report) . The law, if it is passed, may come in force from Jul 2017. Though there are voices being raised against the new proposal, the worker’s group Working Washington is pushing for it.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>