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Wednesday, December 23, 2015

Why Keep the 40 Hour Work Week | Callagy Law

“A better rested work force is more relaxed, more focused and tackles tasks with a greater degree of creativity.”

The following article was written by Callagy Law’s Legal Team, and will focus on many common questions and concerns surrounding new developments, legal matters, and other procedures within the field of healthcare law Medical Revenue Recovery, PIP, Workers Compensation, and Commercial Insurance. Our mission is to answer any questions and give knowledge to many different aspects of these matters.

The 40-hour work week is a staple of American culture. Its origins date back to the mid 19^th century when labor unions attempted but ultimately failed to pass legislation mandating an eight hour work day. In 1869, President Ulysses S. Grant issued a proclamation that guaranteed an eight hour work day for government employees. Grant’s decision encouraged employees of the private sector to fight for the same right. Labor unions organized strikes that sometimes ended in deadly confrontations with the police.

In 1926, the Ford Motor Companies adopted a five day, 40-hour work week. Henry Ford’s motivation for reducing the amount of time his employers worked was purely economical. Ford’s changes increased productivity and profits. Other companies soon followed Ford’s lead. The average hours in the workweek declined for most of the 20^th century. In 1930, economist John Keynes predicted that his grandchildren would have a 15 hour workweek. However, during the 1980s work hours began to increase. Now, the prospect of a 40 hour work week would be welcome news to many. Nearly half of Americans claim to work over 40 hours a week.

However, according to a survey from AtTask conducted by Harris Poll, American employees spend only 45 percent of their time on primary job duties. A large part of the workday is lost answering emails, going to wasteful meetings and general interruptions. Furthermore, studies have shown that longer work hours are associated with higher injury rates. A University of Massachusetts Medical School study showed that jobs with overtime schedules have a 61 percent higher injury hazard rate compared to jobs without overtime. The results suggest that job schedules with long hours are not more dangerous because of an inherent job risk or because they are at risk for a longer time. Rather, it suggests that human error increases with longer hours.

There is a lack of empirical evidence to suggest that longer work hours lead to more productivity. Counter intuitively, evidence suggests that a better rested work force is more relaxed, more focused and tackles tasks with a greater degree of creativity. Additionally, employers could save on the incidental costs of worker injuries and illness caused by longer work hours.

We hope you found the information provided in this article helpful to various questions you may have had concerning the healthcare industry. For information pertaining to our services for medical providers, please click here. Please note, Callagy Law has recovered over $175,000,000 for medical providers, and that number grows daily. Please free to reach out to Sean Callagy of Callagy Law at any time for questions you may have concerning personal and business matters. Callagy Law offices are located conveniently in Paramus, NJ. Beyond the scope of information, Sean Callagy has developed multiple areas of our healthcare legal practice and business coaching. Feel free to connect with us on Facebook, Twitter or LinkedIn! Additionally you can subscribe to our daily videos on YouTube.

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Why Keep the 40 Hour Work Week | Callagy Law #40HourWorkWeek, #CallagyLaw, #Ford, #LegalSocialMedia, #WorkHours, #WorkersCompBlog

Tuesday, July 7, 2015

SUV Demand Helped Ford, GM Raise Prices | Callagy Law

By Bernie Woodall

DETROIT (Reuters) – Strong demand for sport utility vehicles and trucks in June helped General Motors Co <GM.N> and Ford MotorCo <F.N> offset slowing demand for sedans by allowing them to raise prices on their trucks.

GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that fell short of Wall Street expectations. Ford, for example, said prices for its F-series trucks rose 8 percent, or $3,600, while sales volume for the pickup truck line dropped 8.9 percent in June.

U.S. June auto industry sales rose to about 1.48 million vehicles, up 4.5 percent from a year ago, said Bill Fay, a Toyota Motor Corp <7203.T> U.S. sales executive.

GM’s sales fell 3 percent last month as the company’s small cars slid from year-ago figures, including a 13 percent drop in Cruze compact sales. Sales of GM’s large SUVs also fell, reflecting fewer sales to fleets, a company spokesman said. But GM said average transaction prices for all vehicles rose almost $1,000 from a year earlier.

GM said analysts may have not factored in to their expectations the automaker’s statement a month ago that its sales to rental agencies would fall 20 percent in June.

GM shares were down 1.4 percent at $32.87 late on Wednesday morning. Ford shares were down 0.7 percent at $14.90.

Toyota said the U.S. industry would have an annualized sales rate for June of 17.2 million vehicles.

The National Automobile Dealers Association this week raised its forecast for 2015 U.S. auto sales to 17.2 million vehicles from 16.9 million. It would be the sixth straight year of solid gains since the recession.

While Ford’s sales rose only 2 percent, it showed the largest increase in the market in the average price of its vehicles, industry consultant Kelley Blue Book said.

Ford’s SUV sales rose 10 percent but car sales fell 3.5 percent.

U.S. auto sales, often an early snapshot into consumer spending each month, are expected to rise about 5 percent for the industry. Truck and SUV sales will again grow at a faster pace than sedans, aided by the low gasoline prices.

Toyota, No. 3 in the U.S market by sales, posted June sales of nearly 210,000 vehicles, up 4 percent, roughly in line with expectations.

Honda Motor Co <7267.T> showed sales of about 134,000 vehicles, up 4 percent from a year ago, on strong SUV sales.

Fiat Chrysler Automobiles’ <FCAU.N> <FCHA.MI> U.S. June auto sales increased 8 percent from a year ago, boosted by the continued strength of its Jeep SUV brand.

Nissan Motor Co <7201.T> U.S. sales rose 13 percent, led by a 54 percent increase in its popular small SUV Rogue.

Sales of Fiat Chrysler’s Jeep brand jumped 25 percent in June.

Chrysler brand sales rose 28 percent, and its Chrysler 200 sedan sales were up 153 percent to 18,560 vehicles. Private industry data reviewed by Reuters showed that in the first half of the year, a large portion of Chrysler 200 sedan sales were to rental agencies.

(Editing by Jeffrey Benkoe and Matthew Lewis)

SUV Demand Helped Ford, GM Raise Prices | Callagy Law #CallagyLaw, #Ford, #Gm, #News, #RisingPrices, #Suv

Thursday, April 30, 2015

Free Market Principles Also Apply to Spirituality

The free market is the greatest instrument for overall prosperity and well-being the world has ever seen. It operates by a very fundamental principle: individuals will succeed by providing the greatest help to the overall good. Oddly enough, this is also a description for spiritual fulfillment.

To succeed in the world of free market capitalism an individual must provide a good or service at a price that is less than the same or a similar good or service provided by others. In other words, you must satisfy a particular need for someone and do so at less cost than others. This is true whether you are a businessperson, an employee, or any other functioning member of a capitalist economy. In this sense, we are all in business. I will not be able to keep my job, if I do not provide value to my employer that exceeds what he pays me, in the same way that a business will not survive when its product is inferior to the competition’s in relation to its price. The more I provide a good or service to the general population at less cost than others the more I will succeed, and the greater good I do. The likes of Bill Gates and Steve Jobs, like Henry Ford and David Rockefeller, should be commended for their wealth in that it was obtained by providing so much positive financial reward—value exceeding cost–to the general population they became extraordinarily wealthy.

Is spiritual behavior so different? People strive to be good for a whole host of reasons, all of which in one way or another can be regarded as “selfish.” I do good things for someone I love because it brings me pleasure to do so. I do good things for someone I dislike because perhaps I want them to like me, or I want to keep our relationship peaceful, or I believe it might help me get into heaven, or I believe it is best for society. All of these things amount to self-interest. Success in the realm of spirituality is similar to success in the capitalist world in that it is founded upon self-interest. Self-interest is at the heart of all that is good, whether spiritual or material.

Do not, however, confuse self-interest with selfishness. Selfishness is the pursuit of self-interest to the detriment—at the expense of—the general interest, not in support of it. In this sense, selfishness is like cheating, looking to get away with doing less, or escaping obligations others are called upon to fulfill. Ready examples are corporations that dump waste illegally, unions unduly seeking to have workers earn more and work less to the clear detriment of the company or industry of which they are an integral part, employees slacking, employers exploiting—all of these are selfishness at work, not self-interest. Think of selfishness as some short-term benefit with a very detrimental long-term consequence. Self interest is all about the long term—it is about success, improvement, the greater good—it is about heaven for God’s sake.

Material success is not the same as spiritual success, of course. They are two entirely different realms of activity. If Henry Ford accumulated all of his wealth, but in his private life was abusive, unfair, violent and dishonest he would be a spiritual failure, and these characteristics would be completely out of character given his material success. Those traits are not a formula for material success, unless you are a gangster, and that success will not last very long. Likewise, Mother Teresa could hardly be regarded as a financial success.

The point is the same character traits that bring material success to the capitalist arena can and should bring spiritual success in the spiritual arena. Do the most good you can, at the least cost to others—it works wherever you are.