Should employers' credit ratings be made available for employees to see?

[Le Jacquelope]

A CEO or sole proprietor with a bad credit rating could raid his own till to solve his financial troubles, or even be at risk for selling off the company. He could start suddenly laying people off or cut wages to put more money in his pocket to pay bills. He could also intentionally not submit payroll tax money to Uncle Sam, because of his personal financial problems. CEOs with money problems could pull a Ken Lay.

One employee with bad credit supposedly stealing from the cash register is nothing compared to a company owner/senior officer trying to deal with their financial problems - their decisions affect many people all at once. Including customers that they may try to screw over as well.

Employees are saddled with the responsibility of predicting these disasters and preparing for them. Why not also give them the right to know when these problems might be coming, just like employers want the right to pry into an employee's private life?


What? Employers are the privileged class? They're above being held to the same scrutiny that they burden employees with? Hmmmm...

 

[SEVERUSMAX]

A CEO or sole proprietor with a bad credit rating could raid his own till to solve his financial troubles, or even be at risk for selling off the company. He could start suddenly laying people off or cut wages to put more money in his pocket to pay bills. He could also intentionally not submit payroll tax money to Uncle Sam, because of his personal financial problems. CEOs with money problems could pull a Ken Lay.

One employee with bad credit supposedly stealing from the cash register is nothing compared to a company owner/senior officer trying to deal with their financial problems - their decisions affect many people all at once. Including customers that they may try to screw over as well.

Employees are saddled with the responsibility of predicting these disasters and preparing for them. Why not also give them the right to know when these problems might be coming, just like employers want the right to pry into an employee's private life?


What? Employers are the privileged class? They're above being held to the same scrutiny that they burden employees with? Hmmmm...

Sounds fair to me, even if I'm usually to the right on most economic issues. Of course, I am jaded about credit cards, anyway, and stick to my bank card. I also favor sound money instead of paper money, which is a position that would doom the credit card companies once and for all.

 

[colddiesel]

Why not, provided the employee is willing to pay for the product.

Perhaps it would be more helpful if both employee and employer were able to see the others credit rating provided each paid for the service, however, it would be more useful if all parties knew what factors went into making up a credit rating.

 

[JAMESBJOHNSON]

The economy will melt if credit scores are known by employer-employee. Get their criminal history too.

 

[Roxanne Appleby]

If it's a publically traded company the "credit scores" are assigned by S&P et al and can be looked up in the library, or online.

 

[cantdog]

are you playing ?

If it's a publically traded company the "credit scores" are assigned by S&P et al and can be looked up in the library, or online.

People, not constructs, Rox.

 

[Le Jacquelope]

The economy will melt if credit scores are known by employer-employee. Get their criminal history too.

Ayup. Missed that. Lots of ex-cons running businesses.

People, not constructs, Rox.

Thank you... I thought I had been quite clear about clarifying that part.

 

[cantdog]

Thank you... I thought I had been quite clear about clarifying that part.

De nada.

Being wilfully obtuse is a silly way to argue.

 

[SensualCealy]

I worked for a small business which was a franchise.

The part owner, the son of the two co-owners would come in and put gas receipts in the till and take out money to cover it. Many times there was just a little more taken than the actual bill-$60-100 more!

The parents would comment to the night supervisor that the kids needed to be watched more when making change-duh! It was their ADULT son scamming the till not the teenagers.

The night manager finally blew up at the mom and said, 'you put security cameras in to keep an eye on all of us, how come you seem to turn a blind eye when ____ is in the store?' With that the son wasn't allowed in the store except when the day was over- he had a key, knew the security code, he went when ever he felt like it anyway. Needless to say our ice cream novelty supply always decreased after the evening inventory was taken.

An honest manager will keep his hands out of the till and write off receipts when its tax time instead of taking cash at hand.

JMO
C

 

[JAMESBJOHNSON]

CEALY

What you report is common practice. Junior & Sis clean out the cash registers and the employees get the grief.

 

[Le Jacquelope]

I worked for a small business which was a franchise.

The part owner, the son of the two co-owners would come in and put gas receipts in the till and take out money to cover it. Many times there was just a little more taken than the actual bill-$60-100 more!

The parents would comment to the night supervisor that the kids needed to be watched more when making change-duh! It was their ADULT son scamming the till not the teenagers.

The night manager finally blew up at the mom and said, 'you put security cameras in to keep an eye on all of us, how come you seem to turn a blind eye when ____ is in the store?' With that the son wasn't allowed in the store except when the day was over- he had a key, knew the security code, he went when ever he felt like it anyway. Needless to say our ice cream novelty supply always decreased after the evening inventory was taken.

An honest manager will keep his hands out of the till and write off receipts when its tax time instead of taking cash at hand.

JMO
C

You forgot the part where they played "scapegoat cashier survivor", fired the unlucky cashier who got voted off the island, and then blamed HIM/HER for the thefts at the till, and put it on their credit report to boot.

Now THAT is what I call sticking it to the worker with style...