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I was just hit up by my work about switching from salary to hourly for the sake of “uniformity”. I wanted an extra set of eyes to confirm before I reluctantly agree and send this over to our HR/CEO and if proven wrong suffer through that embarrassment.

In the switch from salary to hourly, they are reducing my PTO by 1 week, again for the sake of all hourly employees following the same structure. I will of course now be eligible for overtime, so I *can* make more, but obviously at the expense of working more. They said they "bumped my hourly pay" to accommodate for the lost week of PTO, and I can hypothetically take a week of unpaid time and come out equal. Taking "unpaid" time has never been an issue, but my work is project based, so I know OT will be scrutinized.

Current Salary Structure Hourly Propose Structure
Salary $57,000 Proposed Hourly Rate $28
PTO 88 hrs PTO 48 hrs
Sick PTO 40 hrs Sick 40 hrs
Hours worked per year 1952 Hours worked per year 1992
"working" Hourly Rate $29.20 Working Compensation $55,776
PTO Compensation $2,464
Total Yearly Comp $58,240
Yearly Comp 1 wk unpaid vacation $57,120

Am I correct to break it down this way? Looks like a pay reduction of $1224 for more hours worked. They want me to sign a document to acknowledge the structure change and reduction of PTO. I'm wondering if I should just accept. I am due for my yearly review in a few weeks and do anticipate a raise, but also won't be counting my chickens.



Submitted October 08, 2020 at 08:25PM by maritrench https://ift.tt/3jJIXQx

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