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The new overtime law takes effect 12/1/16. It would require my company to give many of us $10k raises. I highly doubt that will happen. They'll probably make us all hourly instead.
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In anticipation for this, walmart already increased pay for a crap ton of people. I know someone that got 7k a year salary increase already.
I bet most companies will switch the salary employees over to hourly tho and then cap overtime hours instead tho.
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Yeah, Walmart is a huge company and our biggest rival. For regular grocery chains it will be a bigger strain. But this will make our stores go from 4 to 2 salary managers. I don't see how that will be possible. At the same time, paying us $47k will diminish the pay scale for co-manager and lessen the value of moving up. I don't see them increasing the pay for another position. Kinda like your pay doesn't go up when minimum wage goes up. I was looking to get promoted in the next 6 months, but if they increase my pay, I'd probably pass unless they paid me $55k+.
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Wages seem all out of whack to me now. I have a strong feeling that the more people are going to get paid, the less amount of coworkers they'll have to share the work load with. Sure higher pay generally equals more work, but when it takes away all your free time or you have to do double the work and not get double pay, its complete BS. In the same sense, I think about the $15 an hour minimum wage for fast food workers starting in NY. I wouldn't be surprised if most of those fast food places start running on skeleton crews soon. I've already seen articles show casing new "order your own food here kiosks" at fast food places. Thats one less employee.. and other articles about how the person taking your order at a drive thru can be outsourced to another country like customer service is for many companies. Some person in Indonesia will take your order and input it in the system because McDonalds can pay that guy $2 an hour and eliminate another $15 an hour job. All stores that have salary management are either going to have some less managers or have to change their pay structure to make the money come from somewhere. Of course the money has to come out of the employees somehow, because the CEOs with their multi million dollar jobs will never take a pay cut. And the profit paid out to stock holders will never get decreased.
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