I am a recent college grad that has been with the company for just over a year. This is my first job out of college. I started off as a salaried employee and I've been moved to hourly. My manager said I could get overtime but it has to be approved by the execs. I thought this was a good thing but this only happened to me and not the others on my team. They say I got demoted. Was this a bad thing that happened to me?
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At my previous employer, I was changed from a salary to an hourly employee. And then I was laid off about eighteen months later.
TBH, I don't know why people are so petrified of layoffs. I had a new job in no time, and receiving a few months severance was a nice 'bonus'
My pay also went up quite a bit when I changed jobs.
No it's not a bad thing. Kill them with overtime. If they don't approve, turn the computer off at 5pm and head home. I'm sure you've been averaging well over 40 hours on salary.
No, its not a bad thing. US labor laws changed requiring companies to pay overtime to individuals making less than $47k. Thus changing their status to non exempt. The others in your group are likely paid above the threshold.