Lost Pension Plan: A Hot-Button Issue for Striking Workers
Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company’s pension plan, which has been frozen since 2014.
The best way for an organization entering into an outsourcing arrangement to protect itself is to request service-level agreements (SLAs) from its outsourcing providers. An SLA is rooted in the concept of “warranty,” a common understanding about services, priorities, and responsibilities. It’s a promise that the BPO provider is going to give its customer what it is supposed to provide.
SLAs can be baked into an organization’s primary contract with its BPO provider. They can be an addendum to the contract, or they can be separate legally binding contracts that specify consequences for failure to meet their targets. Even if it’s not technically called a “contract,” an SLA has the force of a contract if it has all the components of a contract: offer and acceptance, capable parties, and considerations, as part of a legal enterprise.
Agreeing on the right metrics to include in an SLA requires careful consideration. The goal is not to have hundreds of different agreements. The goal is to have the right targets to achieve the organization’s specific business objectives. An SLA should help the customer make sure its BPO provider has the technology, the processes, and the people behind the scenes that will enable it to meet expectations. It should also specify what happens if those expectations are not met. The research is clear: When problems in an outsourcing relationship are investigated properly and resolved quickly, both parties benefit. (See the Wall Street Journal’s “Making the Most of Customer Complaints” and “Don’t Fix Customer Experience Problems, Prevent Them” from Forrester Research.)
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Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company’s pension plan, which has been frozen since 2014.
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