I work graveyard shift. When I got in tonight, I have an E-mail from the Business Unit Leader. This my boss’s boss’s boss. He said he needs to meet with me at 7am and I should stop by his LAX office.
This could be bad. There could be a pink slip on his desk for me. Good things would generally be handled through either my boss or his boss.
This would fit in well with the theme of my life in the past couple of months, though. Let’s see, the woman I love has moved to Boston to get her PhD and I miss her terribly. My financial situation is getting bleaker. My roommate got loaded and I had to evacuate my apartment. This is bad for several reasons. 1) He’s back to using heroin, and he has Hep C. If he doesn’t get clean soon, he could die. 2) moving out (had to, to protect myself) has had a bad effect on my already dark financial situation. 3) That is bad too, because I want to move to the east coast in a year to be near my GF, who I miss terribly. 4)I have not found a new place yet. While not homeless, I am displaced, and it sucks.
Ok, so that’s not too likely, but it’s nice to have a good option.
If the financial situation is getting bleaker, why not move before you have too little to do it? What’s the GF’s view on the matter?
I have the same problem, in a different way. I want to move in a couple months, but for different reasons. I managed to land a job that pays well for the area, and planned to work and save for those couple of months. I wanted to have enough savings to live a couple months unemployed if I had trouble getting a new job in the ‘big city’. I didn’t tell this to my employer, because the plans aren’t concrete and because I didn’t want to be treated like a temp.
I started there as a temp, by the way, and then they hired me on.
Anyway, it’s only my third week there as not-a-temp, and it already looks like I may be creeping up the corporate ladder. If it suddenly turned into a good, really well paying job, I don’t know if I would be able to quit for futures unknown.
So, although it may sound dumb, I envy the possibility of unemployment.
Well, it wasn’t bad news. Could be good news, but I haven’t decided yet.
I was working as a non-exempt employee. It was decided that everyone in my job class should be exempt employees. So, now I’m exempt. Which means I will no longer be paid time and a half for overtime. And I work a lot of overtime. At least, at least, 26 OT days a year.
BUT, they increased my base pay to compensate. My increase was 27.2%.
So, may base increases considerably. But I’m not sure if I make out in the long run. I’m not good at math. (That’s why I’m in a class:D)
Well, considering what you thought it might be, and considering how bad everything else is going, this does sound good!
As for making out financially - it depends on how much OT you’ve been putting in. Did they compensate you for an average workweek? So if instead of 40 hours you worked, say, 60, then they added 20 hours’ worth of base pay. Of course, they should now not expect OT, right?
26 days of OT per year equals 39 days at regular rate. If you work 5 days a week 50 weeks of the year, that’s 250 days. 39 days over that represents 15.6% of additional time worked.
IOW, you got a darn good raise there, spooje. Congrats!
As a secondary note, does the move from non-exempt to exempt have a positive effet on things like benefits? I know that in the company I work for, it certainly opens up a lot more in the lines of health care, 401K, vacation, etc.
That could be an extra bonus beyond the pay increase.
I did find one little thing that may make this a good deal for your employer Spooje. It’s all in the number of OT hours you work. The more OT you work, the closer the numbers come together.
You said that you work 208 OT hours a year. That comes out to an average of 4 OT hours a week. If you double the OT hours to 416, an average of 8 OT hours a week, the discrepancy in the amount of the pay rates begins to decrease.
At 416 OT hours per year:
Old rate $42,748.16
New rate $50,194.56
This decreases the difference to $7446.40
And if you triple the OT hours to 624, 12 hours of OT a week:
Old rate $47,679.84
New rate $54,377.44
This decreases the difference to $6697.60
However, I also took this to the extreme. Even if you worked 2288 hours of OT, which is 44 OT hours a week. You still come out ahead of the old rate. But only by $707.20.
So, IMHO I think you really got a good deal here. I really don’t see you working enough OT hours a year to make this a win for your employer.
My numbers are based on how you did it. If you are getting paid straight time of OT, they still apply. If you are salary, and getting no money for OT, then that shoots my numbers right in the ass. The way you described it, you get paid straight time of OT. If it’s the other way, just try to keep the OT hours down, or you will be on the losing end.
