I think we are at the end of another one of those business cycles
were unreasonable expectations have become irrational and we are
being forcibly "re-adjusted" to reality.
Single digit profit margins are pretty much normal in usual business,
not double or triple, but these days everyone expects to make 30% on
"investments". Small business owners expect not to make a decent
living, but to live like the wealthy. Quite against Federal
workplace law, people assume that salaried employees (that is,
employees exempted from the hourly employee laws) can be simply
"appointed" to that category by "putting them on salary" and that
those employees can then be worked infinite hours without
compensation, neither of which is true.
To be exempted from the hourly wage laws, you must first have
fiduciary responsibility (that is, you MUST be able to write purchase
orders, hire and fire on your own authority, and sign contracts) AND
you must be compensated in a tangible way for work over 8 hours per
day/40 hours per week. This can be bonuses, promotions, comp time,
etc, but if these things do NOT add up to half your hourly
compensation per hour worked, you are to be paid the difference.
I've known of a few cases where people collected rather startling
compensation checks after being "put on salary", recording their
overtime, asking for it, being denied, and then going to the Labor
Relations Board.
You also have to sign an exemption statement agreeing to the
conditions of the exemption, the employer cannot impose exempt status.
We are in for quite an adjustment, I think.....
Peter
On Dec 22, 2008, at 6:42 AM, LarryT wrote:
Barry wrote <<cut down the number of techs and just heaped
on more work on the remaining folks>>
This kind of crap has been going on for a long time - I used to
hope it would catch up with them but they keep doing it without
detrimental results - at least not so the shareholders notice.
When I was laid off in 1999 they gave me 2 weeks notice so I could
train a guy who had never seen the software I used - which came
with a 1 week training course at the software manufacturer - but I
was supposed to train this gut without a background in what I did
in 1 weeks? I gave it a try but when I left he was clueless - they
probably ended up bringing someone in from corporate - but I was in
my 50s, and was highly paid - even though I got a 20% bump when I
found my next job ;-)
But I would have stayed where I was forever cause I loved it there
- but that wasn't an option. 6 months later I left on full
disability - One of the managers where I worked once had a target
to get 10% improvement in his groups work so he required everyone
stay 20 min later in the afternoon for free (they were salaried) &
presto! he got an extra 20%+ work from the same people without
extra cost.
Sincerely,
Larry T (74 911, 91 300D 2.5T)
www.youroil.net Oil Analysis Kits &
Porsche Posters/Weber parts
Test Results - http://members.rennlist.com/oil/
http://www.scamfreetop10.com/1233.html
.
----- Original Message ----- From: "barry Stark"
<barryst...@roadrunner.com>
To: "'Mercedes Discussion List'" <mercedes@okiebenz.com>
Sent: Sunday, December 21, 2008 11:46 PM
Subject: Re: [MBZ] Socialism
I have to agree with Loren. I work in Aerospace, used to be TRW
but we were
"acquired" by Northrop Grumman. Our IT guys are the best but now
they have
all been "transferred" to our IT sector. This sector treats them
poorly and
has taken away benefits. They cut down the number of techs and
just heaped
on more work on the remaining folks. When they have a rollout of some
software upgrade or the like service suffers greatly but I guess
the heads
of the IT sector are getting their bonuses for saving all the
money. I just
don't understand where they figure the savings are when it makes
for so much
lost time for the folks that IT supports. Just two weeks ago they
gave many
of them an option of 20% pay cut or the door. Sucks!
Barry
Enrollments are down primarily because of the way IT folks were
treated in 2000 to 2005.
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