51–60 of 202 posts
Somewhat tangential but an acquaintance at a Fortune-500 level company mentioned to me they are converting tons of currently salaried employees to hourly. These are white collar desk jobs at corporate HQ. I have to infer theres some sort of cost-cutting (wage theft?) motive behind this. Are these types of tactics becoming more prevalent in the white collar world?
Earlier quoted context omitted.
I don't really have a problem with this. The best organizations lean into the fact that an organization needs to do more than just make a product, they also need to help their employees "grow" in their career. For those interested in the management track, starting small with a small "blast radius" makes a lot of sense. The organization isn't saying that having managers for every 2 people is the best way to allocate m…
No disagreement on blast radius and the point on training new managers, instead what I find less logical is when a 50+ person organization has 25-30% of people as manager roles, meaning this isn’t an exceptional or temporary situation (i.e. training one or a small number of new managers), it’s actually a core part of organizational design.
Earlier quoted context omitted.
Unlimited is such an absurd word. It should be "Flexible". It should be we will NOT fire you if you take 23.5 days instead of the ideal number of 22. Also, if you take 18 that is not a problem either.
It's not "flexible" either. It's "non-accrued". The only reason it's non-accrued is so that the company doesn't have to pay you left over PTO when you leave the company and gets it off their books. Everything else is a euphemism to make employees feel good about getting fewer benefits. You could have this flexibility with accrued PTO. I've previously given employees additional, off-the-books time off because they nee…
In this sort of environment, I've never seen a company claim "unlimited".
Start sending manager and hr to jail for wage theft. If an employee falsified timesheets they can and have been convicted of theft. Why isn’t the reverse true? Jail is a huge motivating factor and why you don’t see wide spread accounting fraud in public companies.
Banks have been doing this for decades. If you're not a VP within 3 months some may wonder if something is wrong with you.
Somewhat tangential but an acquaintance at a Fortune-500 level company mentioned to me they are converting tons of currently salaried employees to hourly. These are white collar desk jobs at corporate HQ. I have to infer theres some sort of cost-cutting (wage theft?) motive behind this. Are these types of tactics becoming more prevalent in the white collar world?
My guess: so they can flexibly cut hours when they need to save a bit of costs in a way they can't with salaried employees.
The article isn't mainly about manager titles. The manager titles are just part of the way companies justify paying people a fixed salary (with no paid overtime) vs. paying people for the hours they work. They found that the incidence of fake-sounding manager titles spiked at the legal threshold of $455 a week — exactly the cutoff at which a company would be allowed to put workers on salary and sidestep OT payment la…
0: https://www.dol.gov/agencies/whd/fact-sheets/17a-overtime
"However, Section 13(a)(1) of the FLSA provides an exemption from both minimum wage and overtime pay for employees employed as bona fide executive, administrative, professional and outside sales employees... Job titles do not determine exempt status. In order for an exemption to apply, an employee’s specific job duties and salary must meet all the requirements of the Department’s regulations."
Start sending manager and hr to jail for wage theft. If an employee falsified timesheets they can and have been convicted of theft. Why isn’t the reverse true? Jail is a huge motivating factor and why you don’t see wide spread accounting fraud in public companies.
Making offering not enough money to someone a criminal offense sounds like a dangerous ground to stand on.
The article isn't mainly about manager titles. The manager titles are just part of the way companies justify paying people a fixed salary (with no paid overtime) vs. paying people for the hours they work. They found that the incidence of fake-sounding manager titles spiked at the legal threshold of $455 a week — exactly the cutoff at which a company would be allowed to put workers on salary and sidestep OT payment la…
Earlier quoted context omitted.
My coworkers and I used to joke that at banks, even cleaning staff get VP titles.
Banks hand out VP titles like candy so that the customers think they're hot stuff and being treated well.