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re: What should companies do with salaried employees, if shutting down?
Posted on 3/16/20 at 11:42 am to Milesahead
Posted on 3/16/20 at 11:42 am to Milesahead
quote:
Most businesses would likely end up going tits up if they tried to pay everyone for 2 or more weeks with zero production
How many companies can only produce if all workers are physically in the office?
2
Posted on 3/16/20 at 11:43 am to LNCHBOX
quote:
They planning on paying time and a half for the made up time?
I’m not sure. I don’t think so.
Posted on 3/16/20 at 11:43 am to Ross
quote:
I don’t think so.
That's probably not legal
Posted on 3/16/20 at 11:45 am to East Coast Band
We are preparing for two weeks pay for both salary and hourly employees. Past that, frick if I know. Any longer and everyone is fricked.
Posted on 3/16/20 at 11:45 am to LNCHBOX
We work around classified systems so our customer won’t buy off on the “work from home” bit which complicates my companies response a bit. The policy is changing daily I just know EWL was the last contingency I had heard of.
I don’t necessarily like it, just know that’s what came down the pipeline.
I don’t necessarily like it, just know that’s what came down the pipeline.
This post was edited on 3/16/20 at 11:46 am
Posted on 3/16/20 at 11:45 am to East Coast Band
quote:
That's what was said when pensions started getting whacked decades ago. Didn't matter, most all companies did it to save on labor costs. I expect most companies will end up doing something similar to what other companies will do, just not sure what that'll be yet
Pensions were a very long term commitment, this is a short term issue. Telling your salaried employees to fend for themselves seems like a pennywise/pound foolish move. You're basically telling them that you don't value them and they'll remember that.
Posted on 3/16/20 at 11:46 am to Milesahead
I see this sentiment an awful lot ...
People tend to forget that if your company is not bringing in any income, they are just as fricked as you are...
There are exceptions on all sides, but I think in the short-term some tough choices are ahead and they don't always mean "screw the worker" necessarily
People tend to forget that if your company is not bringing in any income, they are just as fricked as you are...
There are exceptions on all sides, but I think in the short-term some tough choices are ahead and they don't always mean "screw the worker" necessarily
Posted on 3/16/20 at 11:47 am to Ross
quote:
We work around classified systems so our customer won’t buy off on the “work from home” bit which complicates my companies response a bit.
Just don't use the same servers Hillary used.
But yes, some industries working from home is less possible than others. Hopefully y'all get squared away
Posted on 3/16/20 at 11:48 am to East Coast Band
This is why I've been frustrated at how the pandemic is being handled from an economic perspective. We had a conference call this morning that in essence said "we're going to do our best to setup a telework situation, but if this begins to bleed into the summer and revenues are impacted, we'll have to look at furloughs, use of leave time, etc."
So what have I done?
- Currently refinancing our home. Was going to take the mortgage payments that are "skipped" for April and May and make some purchases with local businesses for home-related items (landscaping, window treatments, etc.). Those have all been put on hold.
- Had three vacations planned over the summer/fall months. Will be canceling each of them since I'm not sure if I'll have leave at that time to use.
Yes, I know this is anecdotal but the ripple effect that's about to occur is real and near insanity.
So what have I done?
- Currently refinancing our home. Was going to take the mortgage payments that are "skipped" for April and May and make some purchases with local businesses for home-related items (landscaping, window treatments, etc.). Those have all been put on hold.
- Had three vacations planned over the summer/fall months. Will be canceling each of them since I'm not sure if I'll have leave at that time to use.
Yes, I know this is anecdotal but the ripple effect that's about to occur is real and near insanity.
Posted on 3/16/20 at 11:48 am to East Coast Band
But welfare people still get their checks ! I say the feds print money and PAY working people. What's the difference ? They print money for everything else.
Posted on 3/16/20 at 11:53 am to East Coast Band
During Katrina my company paid employees for 5 weeks. Some of us (me included) were working the whole time and got paid plus expenses. When we all got back to the building the employees that were paid with no work lost their vacation time (or what was left of it)..Those asshats bitched about it. Those of us who worked kept their vacation time.
Posted on 3/16/20 at 11:55 am to Milesahead
quote:
You act like every company is sitting on nounds of cash. Most businesses would likely end up going tits up if they tried to pay everyone for 2 or more weeks with zero production
If your company can’t cover one payroll without going broke, you probably shouldn’t be in business in the first place.
Posted on 3/16/20 at 11:56 am to East Coast Band
Hopefully can work remotely?
Posted on 3/16/20 at 11:57 am to East Coast Band
1 is the right thing to do. Although I understand that is not a feasible solution for some companies.
This shutdown thing is gonna screw over so many people and businesses. Even once everything is back to normal, things will still be different. Many small businesses may be forced to shut down all together.
Credit card and lending companies about to make a killing tho
This shutdown thing is gonna screw over so many people and businesses. Even once everything is back to normal, things will still be different. Many small businesses may be forced to shut down all together.
Credit card and lending companies about to make a killing tho
Posted on 3/16/20 at 11:59 am to The Pirate King
quote:
If your company can’t cover one payroll without going broke, you probably shouldn’t be in business in the first place.
Ours can...the issue lies in that our pre-paids will need to be refunded for the next 6 weeks, plus the lack of incoming revenue for the summer/fall that's typically generated this spring.
This is different than a typical economic downturn where our events would have continued meaning we would only see a hit on new revenues and not have to refund any prepaids.
This post was edited on 3/16/20 at 12:01 pm
Posted on 3/16/20 at 12:06 pm to The Pirate King
quote:
If you screw your employees on this, they won’t be your employees for long.
I would suspect my company will pay employees for as long as we can. But what happens when there's no money left? Looks like we'll all be in the breadlines together.
Posted on 3/16/20 at 12:06 pm to The Pirate King
quote:
If your company can’t cover one payroll without going broke, you probably shouldn’t be in business in the first place.
Sure, one payroll is easy to cover. Two can be done. Three, eh, let's just say I'd have a lot less employees to pay the third week. Four? I don't want to think about four.
Posted on 3/16/20 at 12:20 pm to LNCHBOX
A lot
Posted on 3/16/20 at 12:22 pm to East Coast Band
1. is the only option if you plan to keep them. Salaried employees are asked to work overtime and weekends usually without pay. You find a way for them to be productive at home, or you don't and still pay them to sit at home, or you let them go. It's that easy of a decision.
Posted on 3/16/20 at 12:23 pm to The Pirate King
Employers have been paying into the workforce commission, employees don't.
So if you still get paid, thank your damn employer.
So if you still get paid, thank your damn employer.
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