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Major U.S. retailers, including CVS and Target, are facing pressure from shareholders to disclose information on employee pay points – a problem that did not seem to be a financial risk to companies but was exacerbated by the Covid-19 epidemic.
Trillium, a $ 5.6bn asset management company, has issued a ruling to shareholders in the CVS product, demanding that the company adopt and disclose the requirement that all employees receive a period of rest. This respite should not end “or depend on the existence of a global epidemic,” says Trillium, one of the largest fund managers in the US who is launching a business campaign.
Earlier this month, the CVS requested the Securities and Exchange Commission’s approval to block the idea. The council’s decision is expected in the coming weeks. CVS declined to comment.
Kroger, Target and TJ Maxx’s parent company also welcomed the idea of having a paid vacation last week. Each request states that the lack of a clear plan for sick leave in these companies poses a significant risk. Paid paid leave can also reduce the number of employees in companies, who support grievances.
Business pressure comes as some major retailers cut back on spending at the start of the Covid-19 epidemic. Walmart and Amazon, the two largest employers in the country, have all launched a 10-day paid sick leave for employees who were diagnosed with Covid-19 by 2020.
But in January, Amazon says reduced its holiday pay paid up to 40 hours. Walmart as well to cut paid vacation that gave their friends a store from 10 to 5 days in December after the Centers for Disease Control and Prevention. circumcised a time to isolate yourself from people who have been tested positive for HIV. Both companies did not respond to a request for comment.
“It is absurd that because there are new, highly contagious species that cause shortages, they want people to have less time at work,” said Adrian Valdes, who quit his maintenance job at a PetSmart store in Savannah, Georgia, this week because. about changes in security protocols. “It just sounds like putting a dent in people. They don’t care about the life that runs their business.”
Seventy-seven percent of U.S. government employees had access to sick leave, according to a March 2021 report from the Bureau of Labor Statistics, up from 75 percent last year. Half of the workers less than a year ago received sick days, and workers who received less pay and those who did not receive sick leave, the report found.
In a statement, Target said it was complying with state and federal requirements for additional paid leave, as well as the provision of personal and medical benefits.
TJ Maxx said it “pays for the rest of the Covid-19 vacation time” and that it follows the rules regarding paid sick leave. Kroger did not respond to a request for comment.
Mendy Hughes, a fundraiser at Walmart in Melbourne, Arkansas, said Covid’s abbreviated rule did not really help reduce staff shortages. Usually, when one employee returns from a sick leave, another comes out a few days later. Some days he said his store has so few employees that one or two registers open at once.
“People are coming to work and I think they are still sick,” says Hughes. “But he has no choice but to go back to work.”
Several ideas with sick leave submitted in 2021 failed to get support from the SEC and did not go to the trustees to vote. But SEC has changed its plan for the purposes of shareholders and will probably make it easier for business complaints to go to the polls in 2022.
New ideas with sick leave “could be better off under the new SEC,” said Sanford Lewis, a lawyer who advises his clients. “The epidemic has shown that sick leave is a major problem for workers,” he said. “Retailers have good reason to think that this is one of the characteristics that equates to employee loyalty and long-term value.”
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