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…
Follow me on Twitter: CorpBarbarian
Print This Post
|
|
|
|
|
![]() |
Related Posts -
Pay Off Debt or Save Money? Photo by db*photography A recent Yahoo! Finance article weighed the benefits of paying off debt versus putting your money into savings. You can read the original article by clicking on the following link: Should You Pay Debt Before Saving? Clearly, there is no one-size-fits-all answer to the question. The...... -
Don't Graduate College During a Recession An article at WallStreetJournal.com delivers some bad news: college graduates from the Class of 2009 face a tough road in their new careers. Not only will they be entering the toughest labor market in 25 years, but they will suffer lower wages for a decade or more than those who...... -
Credit Card Interest: The Terminator Photo by southtyrolean "Listen, and understand. That terminator is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you are dead." - Kyle Reese, from The Terminator Just replace "terminator"......
Related Websites -
5 Ways to Save Money when Planning your Wedding This is a guest post from Master Your Card from www.MasterYourCard.com\blog a very informative blog dealing with all sorts of topics ranging from debt collection to frugality. Any comments will be in red but I am sure I won't have many since my wonderful wife took care of 98% of...... -
What God Has To Say About Money Part One: Debt This week weâre going to do something a little bit different on Getting Green. Instead of me preaching the conservative financial advice that I normally give, weâre going to look at what someone else has to say about money, some one much more important than you, me, or anyone elseâGod....... -
Book Reviews: The Total Money Makeover Itâs often been said that searching for sound financial advice is like searching for a religion, everyone has a suggestion and everyone thinks they are one-hundred percent right. When it comes to personal finance, there are a number of different views, from ultra-conservative and risk-adverse to the extremely-liberal complex......
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?
Follow me on Twitter: CorpBarbarian
|
|
|
|
|
![]() |
Related Posts -
Barbaric Book Review: Die Broke by Stephen M. Pollan, Part 1 In Die Broke, Stephen M. Pollan and Mark Levine propose "a radical, four-part financial plan to restore your confidence, increase your net worth, and afford you the lifestyle of your dreams." Hey, sign me up! The book, first published in 1997, attempts to poke holes in conventional financial and estate...... -
Don't Go Through Life Seeking Forgiveness Photo by spud murphy We all run into the type of person who's always sorry for disappointing you. They're late for a holiday dinner. "I couldn't find my car keys." They forget to pick up milk on the way home. "I was in a rush, and forgot to write...... -
5 Financial "Widow Makers" e³°°° I was driving to the store with my son the other day, when I narrowly missed a large tree branch that was lying in the street. "I hope nobody was under that widow maker when it fell", I said. My son asked "why do they call it a......
Related Websites -
Propser.com At 30 Million Lent (or darn close) YTD (since February) Just how much does Prosper.com make? Since opening doors for business in February, they have facilitated the lending of very close to 30 million dollars. (For this evaluation let's call it 30 million exactly and ignore late fees.) I grabbed a graph from Eric's Credit Community to illustrate the progress of the year....... -
how to make money without a job and why you should "It is better to have a permanent income than to be fascinating." - Oscar Wilde The following post originally appeared, in slightly modified form, on Lazy Man and Money. He's all about alternative income, of course, which is the subject of this post, so his blog is a great...... -
Cost Of Black Friday Is Death For Walmart Worker Shameful. Disgusting. Sad. Sick. I don't know. What words can accurately describe how I feel after hearing the news today. If you didn't hear, a 34 year old man who worked at Walmart was trampled to death early this morning. Minutes before the doors officially opened anxious shoppers rushed through......











