Joe Jet Pilot
Well-known member
- Joined
- Dec 2, 2001
- Posts
- 139
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This time the company is screwing every single employee with the new pay schedule.
Doesn't matter if you're salary, salary non-exempt, or hourly. The company converts your yearly pay into hours for ease of calculation.
Check this out. We all know that 40 hours a week multiplied by 52 weeks equals 2080, right? Well, our fantastic friends in management (M.S. and G.M. - V.P. of H.R.) forgot that.
In the first 6 months of 2007 we have received 6 paychecks (bi-monthly) with 86.67 hours on them and on 4/13 we will start to receive 6 more paychecks (bi-weekly) with 80 hours on each one. You can check the math any way you like, it always adds up to 1000 hours. The last 6 months of 2007 we will receive 13 checks with 80 each = 1040 hours.
WHERE DID THE 40 HOURS FROM THE FIRST 6 MONTHS GO?
The change to a 2 week payroll will save Flight Options $1,500,000. That's just me using the number of active empoyees times 40 hours times an average hourly wage. It is definitely more.
WOW!!!!!!!!!!
Wouldn't you like to put that chunk of change in you bank account?