| Topic Name: |
No OT? RU kidding me? |
| Message Name: |
Good Catch |
| Date Posted: |
02/27/2006 |
| In Reply To: |
There are 24 pay periods Math Genius. We have 12 months, not 13.
Taking into account holidays, there are 84.6 hours per pay period in FY2006. Do the math, its right.
Taking into account there are 12 months, not 13, you're math should be modified to be
84.6 hrs/pay period * 120%*24 = 2436 hours at ACN
Also, I just realized, you didn't assume the correct number of hours at other companies. Most people will say 52 weeks/year at 40 hours per week for 2080 hrs/year at others.
So, doing the math, you have 2436-2080 = 356 hours.
356 is about 17% of 2080.
So yes, your maximum worst case scenario is 17% more OT not paid assuming you take no PTO every year, and if you work right up to the 20% unpaid ceiling every pay period without going over. This means, in your scenario, your working 47 hours/week. I'm sure you will find many of your clients working 47 hours per week as well. If you work more than 47 hours per week, your getting paid so your example would stop being meaningful.
Like I said in my post, people will make the absurd claims regarding an extreme amount of hours worked without pay, but, it will be equitable over time.
So, to answer your question, no, we don't get 30% extra base pay, because your example is irrelavant.
BTW...most math geniuses have figured out that you should charge OT in on 1 payperiod in the month instead of putting into each pay period to maximize pay out over the 20% threshhold. Only if a manager is paying extremely close attention will they catch that or make a big deal about it.
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| Message: |
I assumed 26payperiods (bi weekly) and not by 2payperiods per month. Anyhow, That is a good catch and I am focusing on your inputs only.
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