Originally Posted by
sticky
if theres anyone here is pretending to put their big boy paints on today, its you. look, payroll is a very VERY simple obligation for a business to calculate. when employees see errors, theyre not really errors, but instead deliberate reductions. these deliberate reductions are usually caused by two reasons:
1. the company doesnt have the crash to meet full payroll. instead of simply not paying some, they choose to skim off the top of some to make it look like an error.
2. the company wishes to withhold portion payroll and make money on that money knowing their employees wont/cant do anything about it.
either reason is extremely gutsy. however, you can almost certainly remove the first possibility because even bankrupt AA still meets payroll. thats how easy payroll is and AA knows if they start screwing with pay checks, all bloody hell will break loose. they actually know it and fear it.
the second reason is most likely the reason. plenty of companies practice this routinely... especially businesses that employ very low skill workers that lack the knowledge to calculate their pay, or the owners of the business are so far removed from the day-to-day operation that they dont worry about any sort of penalty or issues.
......your company is punking YOU. until you do something about, other than read union chants, it wont stop. your union could send 100 letters a day and it wont change anything....not until YOU do something about it. what YOU do is your own choice and there are serval effective things a large group of individuals can do.
Pretty much agree with what you have to say. Talked with my brother who is a CPA and works at a Fortune 500 company in payroll. He told me to run like hell. Said companies routinely borrow money from banks to cover short term payroll obligations based on their cash flows. A few months back it was pretty routine that payroll errors would be resolved within a paycheck. Now I know people that have been trying to get errors resolved for as long as two months. My brother said the banks know the companies internal cash flows, and can see bankruptcy coming a couple of months in advance and will refuse to extend short term loans because they see a bankruptcy filing coming very quickly and have doubts about the future viability of the company. He also said that if the bank is confident the company will be able to get through a bankruptcy, then they will continue to extend the loans. If they are doubtful about the companies future viability, then they will refuse to issue short term loans to aid the company with its monthly cash flows. If this is true, it also makes you wonder where the company will get DIP financing for bankruptcy.
So in short these payroll issues are an indication that the future of this company as a viable entity is doubt. Put it together. CFO bails, CEO and COO are paid blood money to stay, and banks won't lend money. This ain't lookin good folks.