Posts Tagged unpaid overtime
Corporate Barbarian Links: Graduation Party Edition
We threw a graduation party for my son, two weeks prior to his real graduation. We did it early because we wanted our relatives to attend, and didn’t want to interfere with everyone’s summer vacation plans. It was great to see family and friends that I usually only run into at funerals. Here are some great posts from my friends on the internet:
The Trizle Team wants you to reset your goals when you suck. I work in the defense industry, and this is a common practice in earned value management;
David at Simple.Organized.Life says that having order is a hallmark of living a simple life. I agree. Having too much stuff, and nowhere to put it, generally causes more stress for me;
David Seah gives his impressions of the Inka pen, after owning one for five years. I like products that stand the test of time, and this pen looks very well-built;
Clever Dude wants you to take your spouse along on a business trip. I’ve done this in the past, and it worked out fine. My per diem covered our meals, and the hotel room was on the company’s dime;
Five Cent Nickel shows us how to pay off our mortgages early. I’ve already followed this route, and it’s nice not to have that ginormous payment looming every month. I’ve put together a simple amortization table that you can use;
Mr. Tough Money Love tells us things he doesn’t like about the government takeover of General Motors. Whether you’re a Democrat, Republican, or an Anarchist, he brings up some intriguing points;
Kevin at No Debt Plan explains why he didn’t go to a top tier MBA program. I didn’t either, and I’m doing just fine;
Passive Family Income tells us why multitasking leads to inefficiency. I know that I do much better when focusing on one task at a time, and that multitasking leads to mediocrity;
Blunt Money shows us how to create a workable budget. I use an Excel spreadsheet myself, and you can find a blank copy in this post;
David at My Two Dollars thinks that working more for the same pay may not necessarily be a bad thing. It’s always good to show the boss that you’re a top performer, and you can pick up some new job skills, too. It might even save your job;
Go To Retirement shows us how to simplify our financial lives. I’m a big proponent of going paperless, too. Check out my foolproof file-naming system;
Matt at Debt Free Adventure shows us the silver lining to the recession. I don’t have any major purchases coming up, but a few extra bucks saved here and there would be welcome nonetheless;
Scott H. Young wants us to escape the toxic friends that hold us back. I’ve tried not to associate with negative people, and Scott’s advice is right-on;
Andy at Tight-Fisted Miser talks about frugality and weight loss. He has no problem sticking to a budget; junk food is a different story;
Steve at Brip Blap wonders: Will people change? I think people change easily for the short term, but slide back into their old habits;
Flexo talks about when going into debt is worthwhile at Consumerism Commentary. I’ve done this with 0% credit card arbitrage;
Dusty at Chasing the Bull gives a recap on building his passive income. He evaluates his strategies, and adapts them for the future;
Weakonomics is holding a contest, and the prize is a copy of the book Biography of the Dollar. I’ve entered; it looks like an interesting read;
Peter at Bible Money Matters talks about getting back you budgeting momentum. He gets his mojo back by taking some time off;
David at The Good Human lives up to his name by constructing a solar space heater that he plans to give away. Nice job, David!
Enjoy the links! But come back and visit…
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Unpaid Overtime: Not Just for Brown Nosers Anymore
I worked with a guy many years ago who lived for overtime. Actually, I think he relied on it to live. Even though he had a college degree, and worked in the finance department, he would work overtime in the kitting department (the stockroom for you non-defense contractor types) to pick up a couple of bucks. He must be mortified by the latest recession trend: unpaid overtime!
In an article on Yahoo Finance, more employees are showing up early for work, putting off vacations, and taking on extra projects to please their bosses. Add to that, unpaid overtime. As workforces are cut, the remaining workers are forced to pick up the slack. I didn’t need to read the article, as I’ve seen it in my own office. It’s a sign of the times, and a necessary survival strategy.
It’s hard to say just how widespread the phenomenon is. But Labor Department figures show workers have sharply boosted their productivity over the past year as layoffs mounted. Workers’ output-per-hour jumped 2.7 percent during 2008 — nearly double the increase during 2007 and triple the increase in 2006.
In the past, many workers were chastised as ass-kissers if they went above and beyond. Their fellow employees thought that they were trying to make them look bad by volunteering for unpaid work. I know, I’ve been on both sides of the argument. I’ve seen blatant attempts by self-promoters to try to look good in the eyes of the boss. I’ve also seen people go above and beyond without any motivation other than helping their fellow workers, either by staying late to train people, or helping someone finish a tough assignment before a deadline.
Not all that extra productivity has been voluntary. Some workers are simply forced to do more as co-workers leave, notes Steve Davis, an economist with the American Enterprise Institute.
But this type of unpaid overtime is a new animal. It’s almost expected that you should put in a few hours for the company without pay. I could see if it were necessary to ensure the survival of a company, but my company had a great year last year, and yet, it’s still expected. You would have to do something extraordinary in order to get paid for OT. There was much griping about this last year, but after a recent small layoff, everyone has kept their mouth shut. I guess having a job with no paid overtime is preferable to having no job at all.
Often, the efforts amount to common sense. People dress better and show up early. They say nice — OK, flattering — things to the boss. And they try to look busy. “I’ve started to see a sea change,” Tulgan said. “A growing number of people are saying: ‘I’ve got to roll my sleeves up and do something now.’ They’re finding ways they can identify problems before they happen.”
This eleventh-hour attitude is something I’ve talked about in a prior post. I find it to be an exercise in futility. Your boss already knows what kind of worker that you are. The time to kick it into high gear was last year, when things were good. If you’ve been sucking wind all along, and just now decided that it’s time to save your ass, you’re too late. Your boss is going to save someone who he’s counted on in the past.
And it’s hardly guaranteed that anyone’s sudden boost in productivity — or attitude — can avert a layoff. Bosses tend to see through behavior that amounts to, well, sucking up, said Gary Walstrom, founder of Culture Index Inc. consulting firm in Kansas City, Mo. Walstrom helps companies decide whom to let go. He urges them to focus on hard data — shedding the salesmen who generate the lowest revenue or the customer service staffer with the most unresolved complaints. Someone who starts showing up early once the economy sours isn’t necessarily worth keeping.
So, if you fit into the wind-sucking category, that vacation time that you saved may come in handy - after you get laid off. Think of it as part of your severance package.
Have you been forced to work unpaid overtime? If so, how many hours?
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