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submitted 9 months ago by Atyno@dmv.social to c/personalfinance@lemmy.ml

As the title says, should I be concerned? I get the impression this is just a bureaucratic change (company doesn't want to deal with both salaried and hourly workers for timesheet reporting). But I'd like to make sure.

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[-] jeffw@lemmy.world 0 points 9 months ago* (last edited 9 months ago)

I’d imagine that for nonexempt employees, it’s easier to have it all done hourly. In some older systems, you’d have to manually go in and check who went over 40 to see who gets OT pay (usually 1.5x). Having it all in one place sounds simpler.

As long as your hourly pay rate * expected annual hours worked equals your old annual salary, I wouldn’t worry. Just always double check that you get the OT rate when you work overtime.

[-] Atyno@dmv.social 1 points 9 months ago

I was possibly thinking this too? The email that announced itself mentions "the timing of this change--DATE--will be aligned to the implementation of EMPLOYER'S new payroll cadence and provider". Also something about manual transactions being unsustainable under the company size.

[-] jeffw@lemmy.world 2 points 9 months ago

Yeah, honestly just sounds like they’re switching payroll providers and it’s gonna be more convenient for them. People want to believe corporations are so evil that every single action has to have a hidden motive, but sometimes they just want to simplify a process.

this post was submitted on 15 Mar 2024
23 points (100.0% liked)

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