Gf switched from salary to hourly. - My gf is a director at a child care center in PA, USA. She was originally salaried for $45,448 a year salary. Recently she was moved from salary to hourly @ $21.85 an hr. Which works out to the same amount she made on salary. The weird part is they would have to pay her more because she works a lot of overtime. They said there would be no cutting of hours, no changes to benefits, basically it would all stay the same. Their reason given was they had to make changes in the company and restructure. Why would they do this? from what I understand (which isn't much) they would now have to pay her overtime vs not paying overtime when she was salaried. Even if they make it so she only works works 40hrs a week she would make the same amount for less work. I just can't wrap my head around the reasoning behind this. Edit: Thanks for all the replies everyone gained a lot of knowledge on the subject. For the first time since she's worked there she's only scheduled for 40hrs next week. Assuming someone reported them, and their now correcting their mistakes. Personal Finance

Gf switched from salary to hourly. - My gf is a director at a child care center in PA, USA. She was originally salaried for $45,448 a year salary. Recently she was moved from salary to hourly @ $21.85 an hr. Which works out to the same amount she made on salary. The weird part is they would have to pay her more because she works a lot of overtime. They said there would be no cutting of hours, no changes to benefits, basically it would all stay the same. Their reason given was they had to make changes in the company and restructure. Why would they do this? from what I understand (which isn't much) they would now have to pay her overtime vs not paying overtime when she was salaried. Even if they make it so she only works works 40hrs a week she would make the same amount for less work. I just can't wrap my head around the reasoning behind this.


Edit: Thanks for all the replies everyone gained a lot of knowledge on the subject. For the first time since she's worked there she's only scheduled for 40hrs next week. Assuming someone reported them, and their now correcting their mistakes.


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?