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Friday Filosophy #2016-26

July 15, 2016/in Filosophy/by learningwithoutscars

Well I enjoyed Independence Day and I hope you did as well. Then we had an interruption in life with some surprise surgery in the family. Everything is going well again and we are back to our Friday Filosophy #2016-26.

We continue to see the attack on the status quo in Turkey tonight and hope that everything can be resolved with little loss of life.

Some quotes on adapting to change.

Intelligence is the ability to adapt to change.

Stephen Hawking

Reasonable men adapt to the world around them: unreasonable men make the world adapt to them. The world is changed by unreasonable men.

Edwin Louis Cole

Adapting is a common, natural way for people to adapt to their environment.

Joe Barton

Adapt or perish, now as ever, is nature’s inexorable imperative.

H.G. Wells

Adapt yourself to the things among which your lot has been cast and love sincerely the fellow creatures with whom destiny has ordained that you shall live.

Marcus Aurelius

Enjoying success requires the ability to adapt. Only by being open to change will you have a true opportunity to get the most from your talent.

Nolan Ryan

The time is now.

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Too often dealerships call around to the neighboring dealers and ask for their service pricing. While it is understandable to know what the pricing is in your territory it is more important to develop a price structure that is required to attract the business and also produce the profit necessary to operate a dealership.

We will expose the “peanut butter” labor pricing for what it is – an over simplified unrealistic pricing mechanism – and provide an alternative to consider. It all starts from the skills of the men and the degree of difficulty of the work involved. That requires we must know the skills of the men we employ and then use their skills on jobs that match that skill. Consider that the wage that is paid to the men is a direct reflection of the skills that the men have and we have a starting point to determine labor rates. It is called a “wage multiple.

This methodology has been in use for a long time but not by sufficiently large numbers of dealerships; currently most of us over price low skill work and under price high skill work. We will define and describe the wage multiple so that upon the completion of this webinar the participants will be able to return to work and recalculate their labor rates with this new method and evaluate whether or not they should apply it in their Service Department.

February 4, 2013

Many are talking about the lost generation. That is the current group of people in their late teens to their early twenties. The unemployment rate for this group is almost obscene and I am not really hearing a lot of outrage.

This group of people must be wondering what happened to them. When I was coming into the work force it was also a frustrating time. There were insufficient jobs available - interview after interview being told that you had everything that they wanted in a new employee but didn’t have any openings gets pretty old.

Think about the loss of earnings capacity for the economy. Think about the loss of taxable earnings as a result of delaying the entry to the economy of these talented people. The penalty is not just for the undereducated which has long been a concern of mine but also for the educated. The dilemma with the education received is that it has not delivered marketable skills to the students that the market wants or needs.

Hope is a wonderful emotion and feeling. But take away hope from these younger people and one day this will boil up and cause serious troubles for everyone.

So we have to get serious someday soon don’t you think. Get government out of education. Get unions out of the way. Get anyone who is protecting the status quo out of the way. Get business and parents and students together to determine what is required of the coming generation of workers.

The time is now.

May 9, 2013

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