Forced to by government regulations. Why do you think ISP happened?
Glad I'm out of this Part2
- Thread starter bacha29
- Start date
But why not just make all contractors employees and pay them hourly? Isn't that why contractors signed onto the lawsuits in the first place?
It will be fine
Well-Known Member
That's not how things actually work. A court can say, "you were violating the law, pay up." They can't say, "we think whatever new model you create will be in violation of the law, so you have to alter your entire business structure."
There's no reason to believe FedEx won't continue to adapt to any new regulations.
You know as much as me, about the future, that's your guess. My guess is different.
Yes but history suggests that he is right. Your guess, on the other hand, is based simply on what you WANT to happen.
That's how you see it. I just see a rat that hasn't been caught yet.
History says X will change its model to comply with court rulings. It's not a matter of how I see it. It's a matter of documented historical fact.
It will be fine
Well-Known Member
My "guess" is how the laws of this country work. A damaged party has to sue, if they're successful they get compensated. ISP was created to address issues raised in lawsuits, to limit FedEx liability. No court or legislature forced FedEx to change their model. They adapt the model to better fit the law.
Your guess is senseless complaining. It could only happen with such a drastic change in law to eliminate all contract labor. As that would destroy the country's economy, I don't see that as very likely.
Have you heard about the lawsuits???????????????????????????????????????????????????????? You gave them the right to void your contract. HAHAHAHAHAHAHAHA
I urge you and everyone to read about how fedex is buying out contractors in Ca. Even the ISP plan doesn't comply with the laws.
I urge you and everyone to read about how fedex is buying out contractors in Ca. Even the ISP plan doesn't comply with the laws.
It will be fine
Well-Known Member
They've always had that right, it's not new. The ISP model hasn't been challenged yet. FedEx is not buying routes.
Then you have nothing to worry about.(yea right)
You don't know if it's being challenged or not! If not you can bet it will be.
Guys I think it would be a good idea if you larger contractors looked into getting some insurance in case of a dramatic and unforeseen turn of events. An insurer who is willing to insure the losses you may encur if for example a new board of directors were to scrap the current contractor model. All it would take would be for a couple of well capitalized hedge funds to get together and lauch a proxy battle or hostile takeover bid . Remember your contract offers no severance or buyout if that were to occur.It's up to you to protect your gains. Oh, that's right. I'm supposed to be the crazy one.
Fedex will use contractors only until they are no longer worth it. That time is close. ISPs do nothing that fedex can't do themselves without the middleman.
MrFedEx
Engorged Member
Excellent analogy. Our "rat" is really a weasel.
You mean ISPs don't save the company something like 30% in labor cost?
Fedex pays you, you pay the driver. Fedex could eliminate you and pay them directly. And they will. You are a useless leech to fedex, just sucking up cash that they could use themselves. You provide nothing that UPS does with an all employee force. Why do you think you are indespensible??????
Ask MFE.
So is X so stupid and incompetent that they haven't thought of this til now? Seriously. You said it before in another thread. This is all far bigger than X and the ISP model.
I'm really beginning to wonder if you understand contracting at all.
