2HOTinPHX
Full time employment: Posting here.
going on ten years at megacorp...get an email from payroll today reads something like this today....
Megacorp will need to make changes to our payroll payment periods in order to stay in compliance with evolving laws. Starting on May 22 your bi-weekly paycheck will include compensation only for the period through the prior week. Specifically, the May 22 paycheck will include pay through May 15 and the following paycheck on June 5 will include pay for the period May 16 through May 29, and so on thereafter. This will result in a one-time effect of the May 22 paycheck being only for one week’s pay. All other pay periods will resume with two weeks of pay and each employee will receive the same aggregate pay throughout his/her duration of employment time at Megacorp.
We do realize the one-time effect of having the May 22 paycheck include only one week’s amount of pay could create an issue to some employees. And so for this transition, we are allowing affected employees to “cash in” 5 vacation days in order to avoid any negative impact to his/her bi-weekly pay amount. We will assume that you want to “cash in” 5 vacation days, or all your days if you have fewer than 5 accrued vacation days unless you advise the Payroll department that you do not want to do so. We appreciate your cooperation with this matter. Many other companies have had to implement the same payroll changes in order to be compliant with law and this is a necessary transition that must be made. That said, we want to re-iterate that this change will not negatively affect any employee’s aggregate total pay while being employed at Megacorp.
This seems so messed up to me....is it legal?? Nice of them to allow to cash in a week of vacation to cover a week of pay for a change they need to make!!!
emails like this always ends with something like 'its what other companies are doing"...BS. Same crap they used when they froze our pensions, meanwhile all the execs rake in $$$$$$ selling their millions of discounted company stock shares......
Megacorp will need to make changes to our payroll payment periods in order to stay in compliance with evolving laws. Starting on May 22 your bi-weekly paycheck will include compensation only for the period through the prior week. Specifically, the May 22 paycheck will include pay through May 15 and the following paycheck on June 5 will include pay for the period May 16 through May 29, and so on thereafter. This will result in a one-time effect of the May 22 paycheck being only for one week’s pay. All other pay periods will resume with two weeks of pay and each employee will receive the same aggregate pay throughout his/her duration of employment time at Megacorp.
We do realize the one-time effect of having the May 22 paycheck include only one week’s amount of pay could create an issue to some employees. And so for this transition, we are allowing affected employees to “cash in” 5 vacation days in order to avoid any negative impact to his/her bi-weekly pay amount. We will assume that you want to “cash in” 5 vacation days, or all your days if you have fewer than 5 accrued vacation days unless you advise the Payroll department that you do not want to do so. We appreciate your cooperation with this matter. Many other companies have had to implement the same payroll changes in order to be compliant with law and this is a necessary transition that must be made. That said, we want to re-iterate that this change will not negatively affect any employee’s aggregate total pay while being employed at Megacorp.
This seems so messed up to me....is it legal?? Nice of them to allow to cash in a week of vacation to cover a week of pay for a change they need to make!!!
emails like this always ends with something like 'its what other companies are doing"...BS. Same crap they used when they froze our pensions, meanwhile all the execs rake in $$$$$$ selling their millions of discounted company stock shares......