Thursday, July 5, 2012

The European One - Two

From an economic perspective, the causes of the European financial crisis are twofold.  First, they give more money to their voters than they can afford to give.  Second, they over-protect workers, greatly limiting business flexibility and productivity.

Accountants can easily document the first, but how do you document the second?  How about a crystal-clear example?

The European Court of Justice just ruled that an employee who gets sick on their vacation is entitled to yet another vacation.  The Court said:  "The purpose of entitlement to paid annual leave is to enable the worker to rest and enjoy a period of relaxation and leisure."  If they get sick, the employee has been cheated.  As if the employer was somehow to blame for an employee catching cold, he must then change the vacation planning and staffing needs of his business.  The employee's twin rights to be both on vacation AND to be healthy on vacation is more important than the employer's right to manage his business.

Got that . . . ?!?!