Post # 1
i am so down right now, all i am doing is cry and doubt myself. After working 6 years with citigroup being a salaried financial analyst, they just told me today….i am going to hourly. no reason. good yearly review. and it happened to 15 other colleagues.
i have a MBA and ask myself why i even did that. i work in florida.
did this happen to anyone before??? what did u do?
Post # 3
I’m so sorry to hear that. I had no idea they could do that! I hope you got to keep all your benefits!!
Post # 4
Happened to my Fiance a few years ago after his company let a bunch of people go. He’s still hourly and will be quitting soon. It wasn’t a big deal, he just has to log hours and they won’t let him work overtime. He kept all his benefits too.
Post # 5
Sorry this happened! Working hourly could actually be awesome if you want to have kids though. You can control your schedule/how much money you make.
Post # 6
I hope you haven’t lost your benefits! Sorry you’re not salaried anymore…
Post # 7
I’d love that if that happened with me, then they’d have to pay me all my overtime. Maybe its really a blessing in disguise? Make sure you charge every hour you work, and take your law mandated breaks.
Post # 8
From everything I hear, being salaried is generally not a great thing unless you are in it for the position rather than the money associated with it. So as long as you still have your title and benefts, I think everything will work out! And you get breaks!
Post # 9
@purplehibiscus: Why is this bad? It just means you’ll be paid overtime if you work over 40 hours. A couple years ago, the law changed making many positions that used to be “salaried” into “hourly” and it was to the employee’s benefit. Your company probably just got busted for not getting with the program.
Unless you were previously working 30 hours and still getting paid for 40, this is a good thing, not something to be sad about!
Post # 10
@purplehibiscus: I would look around for alternative jobs. This sounds like a cost cutting measure, and that would make me onder why…
Post # 11
@purplehibiscus: that is correct, you are eligible to be paid overtime. As long as you keep your benefits, it might be a good thing.
Post # 12
@Kimy: How is it a cost-cutting measure when they can get unlimited hours from a salaried employee for no additional cost, when they have to pay hourly people 1.5x their usual rate? Companies were making all kinds of positions “salaried” specifically to avoid paying OT, which is why the government finally said “cut it out!”
Post # 13
I’d love to be paid hourly, I’d be rich!
ETA As opposed to moderately poor 😀
Post # 14
@Daisy_Mae: Salary over here is higher then hourly wages. My concern would be that they cut overtime, which would be less money in the long run.
Post # 15
@purplehibiscus: Will you be making less money? Try not to freak out too much until you know the actual ramifications of this change. It may benefit you like some other bees have mentioned.
Post # 16
As a nurse, I once took a salaried position. Biggest mistake I ever made, as they had me working OT up to 50 hours a week, often without even having a proper 30 minute lunch break. All our staff complained so much that they switched us to hourly so we could be compensated for our time. I guess it all depends on your job, but hourly isn’t always a bad thing.
Also, try to stay positive, at least you are still working! You can work while perhaps looking for a new position if you are no longer happy in your current job. A layoff may have been worse. I have a friend with an MBA who looked for work for over a year before finding a job! I hope everything works out for the best for you- good luck with everything!