Posted on 02/04/2023 4:15:15 PM PST by ChicagoConservative27
Would you rather be a front-desk clerk or "Director of First Impressions"? A barber or a "Grooming Manager"?
How you answer could mean a significant difference in annual earnings. That's because companies routinely inflate workers' titles to avoid paying them in full for overtime work, according to researchers from the University of Texas and Harvard Business School.
It's no secret companies go to great lengths to keep their labor costs down. What the new working paper reveals is that firms save a total of $4 billion in overtime payments a year simply by getting creative with titles. For employees, however, these inflated titles result in 13% less pay than they might otherwise get.
(Excerpt) Read more at cbsnews.com ...
The company I work for made the program directors Vice Presidents of Programming. Which created the need for Senior VP and I assume the Super Senior VP, Super Duper VP and so on...
I went thru some of that BS when I first started out as a field construction engineer. They were working us 60+ hours/week for 40 hour pay....salary.
What the doofus SOBs didn’t know was that I could burn rod...and burn it quite well.....really really well.
Pleading with upper management got me nowhere. Finally, the site manager told me that if I didn’t like it, I could aways drag up and leave. That was enough for me right there....The welding supervisor knew me and just smiled when he said it. He knew what was fixin to happen.
The local pipefitters union manning the job happened to be really hurting for weldors. I walked over to the test booth, passed the test on the first go around, then went back into the site manager’s office and quit the “engineering” job. That next morning, I started working as a weldor on the same job site for more money, paid for all the OT that I could stand and better benefits.....and protected from that insane site manager by the union....LOL. It was a great job after that. Those were the days...
When IBM converted employees from salary to hourly, due to a lawsuit a few years ago, they got an hourly pay rate that ENSURED that they’d have to work overtime to make as much as they did on salary.
I enjoy being a Director.
No one looks over my shoulder. No one micromanages me. I know what I have to do and get it done.
I brought in $500K in new annual business in 9 months (these are renewable contracts so it’s a perpetualjump if the team keeps the clients). I just signed two more clients for another $30K last week and should be closing on a $50K contract next week. I almost met my 1Q 2023 sales goal before the end of 2022 but went out on medical leave. I officially met it by the end of January.
I plan to break $1M this year. My bonus money alone will be more than my husband’s salary (and he is certainly not complaining).
You are correct. When you are raking it in, no one cares how many hours you work.
I love what I do, who I’m doing it for, and have confidence in my team to deliver. They are also giving me all the time I need to handle my health issues.
Best company ever.
Microsoft worked “temp” workers 40 hours or more full time and were sued over it.
Ever since I finished college I've been on salary. Most of those jobs I've had to fill out a time sheet and if I didn't hit 40 hours it would be counted against my vacation. If I worked overtime I wasn't paid a penny extra. Certainly an asymmetrical definition of salary.
Billy Squier - The Stroke - https://www.youtube.com/watch?v=69fPof-ZTnU
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.