Also in this playlist...
This transcript is automatically generated
All business when Sam Lawrence in in Eddie thank you for joining us and taking this break from the Zimmerman trial.
For your business block here let's go straight out to Washington DCF and Catherine -- is joining us talking about.
Lots of interns are in turning now it's the summer right you get -- valuable experience and often times he don't get compensated financially well a federal court.
Deciding in ruling that to fox searchlight.
Part of this company.
Production interns were not compensated -- that its -- away the new lawsuits from interns not compensated.
Is that is that indicate -- we -- about us.
You know -- -- month but ground we've seen three more lawsuits filed by former intern saying that age they were either under paid or not -- -- -- -- work.
That they spent that they should have been compensated for and that has a lot of my business says that they might not have the financial resource says.
Or even you know they don't want the the exposure of being in violation of labor a lot -- -- -- really rethink their unpaid internship program can you just explain for us.
When we say not compensated.
They were not paid and they -- not receive credit.
Right it it doesn't bearing -- the Labor Department happy six point criteria that they used to determine the legality.
But -- an internship.
But -- was created in 1940 Batman could battle I have been they've been updated with a -- -- it is.
That the interns can not -- -- current employers.
They have to receive some sort of vocational training that they -- meeting at a classroom.
And that they -- -- -- have to benefit more than employer wide from the -- But it's interesting because they -- and various rolling on this topic unpaid -- have banner around him and a heated debate.
For very long time but I think Circuit Court ruled -- that six point.
Labor Department rule is not applicable at the entrance of if it's too quiet and it's -- expert -- But very interesting I think what's going on but the three that -- -- -- this month is getting a lot of business that -- Yet they should be I mean it's true it's a relationship where both parties get something out -- -- the small business and big business whatever that company get them.
Free labor but they also offer that free experience so it's.
Both both people benefit I don't under and I understand why there -- -- lawsuits in -- like this particularly at the -- signed up for -- -- And provided that if they say okay this is too much I'm not an -- and it's that that.
-- -- Yeah it is interesting now that the Labor Department has ruled that you aren't even if they in turn sign saying that I -- -- I won't work for zero dollars an hour.
They actually are entitled to give that right away but -- there is summer -- -- there.
I did talk to -- a lever -- attorney and she -- you know -- you can't have bad she doesn't really hear out.
Complaints about these unpaid intern shift because people are just desperate to get some experience on their -- to fill -- any -- that they might have when they're not employ.
But then when the economy starts to recover that she's bad she's starts to see companies kind of -- potential lawsuit so it's an interesting kind of way to look at and then maybe that's why we're seeing from me locked it now because the economy and yes thank Phillip Wright matter and two questions for you when you say -- -- by automatically think college student but let's face it so many adults.
Are taking internships because they want to get their foot in the door at company so.
Yeah when you're dealing with adults potentially sue me for unpaid work it opens a new Kana -- It -- and you know what they indicates that again found fox searchlight pictures.
I mean it wasn't and -- if -- didn't have a lot suit and a their way out I boxed in salad that -- that they were older they had a degree already selling it is kind of I'm becoming more have let anything get it because -- in -- workers -- -- signs and look back I think that's been paid for the work I was doing because.
The work that they were doing what I think -- time I -- -- -- second question for you what is the likelihood the fox searchlight having to.
Paying back pay for all the interns who could prove that they -- compensated.
It did it -- -- that is -- the ruling lies and now it could often be overturned it could be a key audit you know nothing's guaranteed that it would survive an appeal.
And with -- interesting about that case and that -- -- class action locked it was off the green -- for the financial consequences from this case.
Could be pretty -- -- -- thank you so much great stuff thanks for breaking that down we appreciate it.
That's -- -- unforced seen potential expense for small businesses out there.
Let's talk to a small business.
Joining handset Martin -- mean can't they get that right to get your -- my mind is CEO and president of reverie which is a furniture company.
That uses technology.
To make mostly that are -- and we've been through we do you have any parents.
And a little bit I was -- -- groups it's what you're saying.
Thank you for coming on the show and that -- actually decorated accent but so we went and -- -- assuming these are part of the bet that you make.
They are actually so we we talk about sleep system's not just beds and that is that the mattress and we have an adjustable foundation that's underneath that.
Because really you know a mattress is more than just sleep it's about relaxation.
And and you know getting in comfort in -- in more than just a flat position and people actually.
What the pay a lot of money but I'll tell you -- from our perspective it's more about value and sleep is so important to your health and overall well being.
You think about what you spend on a -- coffee every day to wake up from maybe.
Sleep that wasn't so refreshing that -- they never thought about exactly -- compared to the cost of a cup of Starbucks for example and you figure well.
-- actually really good sleeps as Revver is a great value it's like a dollar day vs you know start so.
These are dreams cells and you'll see the different color cells right here we have pink.
Blue green and yellow the pink is the softest and the yellows deferments -- -- what we do is we actually customize.
Based upon individual preferences so your body height weight how he sleeps you know on your side -- your back.
So that to make sure that the the mattress at the part of the sleep system.
Is perfect for you as an individual and it's gonna get -- -- in the right position when you sleep it's gonna allow you to you know to really relax and get that -- rejuvenating sleep that you need.
So it's all about customization.
You know in the mattress so you actually perform -- test based on consume.
We get a lot of it was so did depending if if were able to see the consumer person we do run some tests in addition getting that information and we talked to them over the phone.
We have a software program where we bring in certain information -- runs out of and it's exactly it's it's about.
And -- what is recommended in terms of sleeping and I don't they say not a soft mattress.
You know that's interesting I personally have been the entry for for a little while now and I've heard at all from soft firm yet quite frankly.
My view is that it really is up to the individual not to decide what's right for them and that's why -- we've been all about customization customized sleep.
Everybody sleeps differently so the idea of a one size fits all bad doesn't really make sense and we want to customize it whether it's your sleeping position and and you know so.
Not everyone's asleep flat we have some people actually sleep elevated -- that help alleviate snort or acid reflux right so.
You're selling these technologies.
So that the match Reyes the remote control -- -- -- up and down as an analyst event itself.
Israel pulled the whole package and -- -- hole and -- McIntyre how much on average with this run some.
4000 dollars in the queen size and -- approximate.
And where are human factor.
We are manufacturing very proud to say that -- manufacturing in New York.
-- New York well -- that's a long story good.
We've over the years we've we've done a lot of R&D and and and Massachusetts new York and Michigan.
And it just so happened that New York was a good fit for us for Friday reasons and we've expanded our manufacturing out there and we're doing not only -- -- foundations but the mattress.
And -- how do you sell you sell it to store or.
You have your own storefront -- at all over the Internet -- that's an excellent question we do some direct to consumer sales for sleep system's.
That means sometimes you're going out so state fairs.
You know home and garden shows.
Or reaching out directly through advertising and we also have our adjustable foundations are available at retailers around the country.
That we do some private -- work for other brands as well who put their you know logo on maybe a specialized product that we made faction just about.
It's fair to say here in furniture industry that's fair I would like to say you have the sleep right the sleep quality improvement in this.
Real reason I'm asking and and oversimplifying it fit but the French industry here in the US has been.
You can say destiny -- because of production overseas to China to Vietnam.
They're completely lowering the cost and quality of manufactured goods making it nearly -- possible particularly during housing bottoming out in the financial crisis.
For many actresses -- this -- Not -- have.
Good that the chief stories importing cheap stuff and sentencing not -- spent 4000 dollars on a bed or whatever the price point -- so I play.
Into that mentality and how do you say okay we're gonna manufactured here in USA.
Even if it is more expensive.
Excellent questions there's a lot and.
-- -- -- -- -- I'll try to tackle if I miss -- but let me know and I would saved.
The first step is you really need to innovate in this industry that's more than just innovating products design level.
You have to innovate in terms of how you think the manufacturing be marketing all of the about.
We produced some of our products overseas.
Historically because it was really the most convenient thing for us to do.
But for years we've been thinking you know how we've been bring more production back to the United States we've always -- mattresses here.
And it was a mission of mind to figure out how we can -- -- -- foundations here.
Two reasons I love the idea of making stuff here always believe that we -- and it's just I go to Harvard and I had no acting exactly I feared the Harvard DNA here in the United States to to make stuff.
But more importantly -- it falls in line with what we're talking about with respect to customization.
I can deliver.
A customized product at a higher quality and faster here that I can bring it over from from Asia -- right -- -- that's critical.
And the message that we're sending to people was.
Hey you know your -- he's unique.
Do what you sleep on should fit who you are as an individual and we're making that it's -- so it is all -- come that an increase cost.
To use their fortune consumer you know so there are some increased costs but I think we're trying very -- and -- just part of trying to think outside the box doesn't happen overnight.
There are increased shipping costs coming over from from Asia as well right and you know you -- sees it in and quality you know I I I would.
I would say that we've always had good quality and I think that's part of your taking ownership of anything that you do not just outsourcing but really taking ownership and having closer to home closer to your customers and really just allows you to turn on and there's ever an issue you can react that much faster.
-- now maybe a little bit more about EU when starting out here and that's where you a bad sleeper or something in no way I've actually always slept pretty well quite frankly.
You know I've always felt.
But I do a lot of research on my own and you know science and nutrition and sleep in and as a former athlete Sony still likes to try and stay in shape.
I recognize that sleeping in such an important aspect of recovery and general health and well being.
And that I also realized -- research that helps with language skills so that you know and wanted to learn new languages it's really critical that the -- and I'm I'm absolutely aren't happy that.
Do you think it if it fit so you know it's so important -- It's -- so many facets of of our health and well being.
That you know it really is something that I think is you know if you do the scientific research he recognizes is a critical part.
In your life.
And I want -- that the kind of get after.
You know a better way -- better product to help people sleep better.
And what is the craziest.
Technology that you provide to crazies -- that you custom.
-- -- well we do have a sleep system we -- made for mobile we can control.
You know like things like your -- -- television and whatnot around the room.
-- -- -- -- -- -- -- Threw for -- out through remote controls we have these.
Wireless power outlets actually have a remote control and you can turn things on or off.
We have -- frequency based astonished neon lines come down as well.
If you had that on on a power down you could and we're starting to integrate now home automation with some products we haven't actually -- the market so your point that's like the next thing.
-- Command center there and knowing that it stems from it well he definitely isn't the chick flick.
The holiday work now to news anchor and the justice you know I think Michael and my entry efforts that.
OK so continue your craziest sleep system.
So I mean.
But that's part of -- we have that the full body massage and the battle what you and zero gravity sort elevate your feet so level just -- your heart.
Takes all the pressure off of central nervous system turn on this what we have what the frequency based massage and so it actually helps improve circulation it's -- to that the resonant frequency of the materials in the mattress to impart a particular kind of vibration.
It improves circulation.
You know some people I don't wanna make claims -- that some people said it you know helps you know alleviate some pains in and really.
In my view it helps you to relax.
And go to sleep and get that -- natural sleep that you need to recover a daily basis.
What point the people that sleep on hardwood floor -- -- -- They must be looking at you like this guy is crazy.
Well you know and we've so we do we we customize beds we do have a really hard it made me feel I had until this is -- And I guess it's pretty hard it's pretty hard and thank you so much for coming on we're -- -- USA up on the screen that was fascinating thing I think -- appreciate it.
RA and we're going to break we'll be back after some -- -- -- -- I welcome back very easily and Tuesday we do a lot of career segments send out one of the trends that we've been exploring is the fact that -- -- -- job market's tight.
And meeting that you know a lot of people are competing for the same job but at the same time employees are -- very picky.
And there's this quest to find me most qualified.
Employees in his typical for a lot of businesses small and big business -- -- life.
That's what we're starting to see some particularly start -- Offer Craig perks and we say crazy we really mean -- so I know you're thinking Google and -- intern ship and all that stuff but our very own that -- Carol spoke to a lot of startups and.
It's gonna tell us just how crazy some of these perks are and if they're working yeah so you're exactly right -- startups feel this pressure to offer these over the top hurts.
-- or the town exactly.
With engineers with product designers it's becoming increasingly competitive -- you can offer something that really.
Stands out from the -- you're going to have that opportunity to attract the best count.
Is it education.
And that it's so I think this one is really and it -- very well.
A company called -- they're based in New York this start up went back 99 and Sunday about.
Every single quarter they'd do up blackout.
Where they close the opposite for -- a whole week.
On top of an unlimited vacation policy.
I've heard that an amazing so I'm limiting patient is obviously not everybody it's gonna take you actually have to do work -- -- -- because you have the option.
And then four weeks a year yeah -- made it mandatory they shot the office down.
They don't allow anyone to work.
And their attitude it's really Smart I -- -- -- keep happening here is there had of people in culture.
-- -- And she says that because they run on this -- release schedule -- Push their employees to the limits.
They want to make sure -- that they reward them appropriately.
And -- they can do all the things that keep people productive like they get to doctors' appointments they get to keep their kids piano recitals right they get to do these things that are really important to -- did that we.
-- say what.
That typical work today is like because they they're shutting down there working so hard they shut down as the -- did she kind.
Describe what the typical night it's like -- -- really like this and I would say it's not nine -- I didn't back.
But that's true of really -- start up in New York in Silicon Valley they push people their limits in huge -- that.
That's why they do this because during the week they expect people -- you really.
-- pushing the limits of what's possible.
So we'll work right now will reward -- you later and we need it -- it pretty -- and that's brilliant attitude that a lot of these startups have.
For the benefits.
Yes Ed spoke with a company called bright which that they HR Data Co.
and they -- the private chat on premises.
To do meals three times today for their plays.
So -- -- -- tell us program.
That that would be my first kind of an open -- Belgian waffles in the morning chicken after -- at night.
The -- says that employees eat three meals a day there.
-- I -- reward of the perks I understand the reason not only to stand out but to keep everybody happy in attracting maintained that makes sense that there's not Washington today.
Essentially saying that we're seeing the water cooler replaced by -- they count on -- that you know companies are saying just drank on Alice at the office get to know people from other department.
He'll stay a little bit longer.
You kind of wonder if my company giving me dinner that means that -- -- through it.
That is something that I asked about I spoke with one company called trade -- and they have.
Twenty something employees and the -- -- that.
Almost half of the employees within the apartment building up rocks from the -- -- so.
Talk about a community you walk out your door you're at the office and asked what about work life Alan -- our -- our employees and make sure.
That they can maintain that sort of separation.
And she said that it's not like it team it's like a family.
But you've got from one -- from an employee perspective.
It doesn't ever become too much even if you do.
Really you -- your employees as good friends and family members but -- sad for -- -- works yet.
It did uphold several weeks ago.
And they they found that thirty only.
In America are actually being -- network that means 70%.
The workers about fifteen -- -- -- -- actually.
-- they're not completely -- store completely negates this terrible.
So the question and goes to the boss of these companies where the workers are disengaged.
When he gonna do to change.
And increasingly -- cannot -- is offering products and interviewing people with that Hanley and mind.
Still not going to like your skill set I like your personality and you're gonna work with this person this person this person -- so I think you've got to be a nice family that's more important than your scale.
And when I kept hearing was that these employees that offered these amazing perks.
Our screening applicants to make sure that they're not the type of people that will take advantage.
Of what's being offered when it comes to unlimited vacation days.
Catered meals and private chat on premise says you don't want someone who's just going -- Take off.
Seven weeks a year and you know I take extra food home to get -- your -- So they're screening that's really craziest -- That you found in your investigation.
I think it's hard to beat that blacked out any acts fairly good vacation on the court -- Personally I'm a little bit of a nerd I spoke -- -- company Entergy and they offering unlimited Amazon books account.
OK so they say if it's going to expand your mind where willing to pay for it.
And that's reasonable bet it does I like he's an Allen seems like OK it's not gonna harm or hurt at Oppenheimer heard -- that's -- right that you know what.
That sounds fun thing.
But I really think when it comes to the craziest part -- keys one week accord or blackout.
That tops list yeah I I would agree with you I mean you -- have to say.
If I -- unlimited vacation days there's a lot of companies not necessary start -- that -- for that.
-- Edit it looks bad if you if you take them and that they sent people really don't and -- now.
When your article beyond -- -- -- -- editor Anglican following out of imaginary interview insisting that can't do like -- in the news in the morning in Salem and find out how like even NASCAR national small businesses there's -- Latin talking about but -- -- I did what he didn't come up with -- we want him.
Thank you think again stay up I think everybody for tuning in online -- -- see you back here tomorrow.
Filter by section