It’s disgusting what this company gets away with. For those of us who work 37.5 hours a week and are now required to work 40 you just got screwed yet again. They get 2.5 hours more work out of us us per week but have adjusted our pay. According to HR it won’t effect your take home pay. More hours of work out of us by decreasing our hourly wage. I’ve worked here a long time and this is probably one of the slimiest thing they have done so far.
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They pulled c-ap on me when I worked in a Boston satellite office several years ago. I complained to HR and they said it was perfectly legal and if I had a problem I could contact their “ethics” department.
File a formal complaint with the Department of Labor about this accusing them of wage theft.
By the way, when I got my review my boss told me my department manager was p-ss-d I made a big deal about this with HR. Didn’t impact my review.
They laid me off shortly after this not even lasting three years and doing with without regard to age discrimination laws.
Once you stop thinking about your hourly rate and focus on your work instead you will be exempt from overtime. You’ll soon be amazed how your actual hourly rate increases even as you work far more hours than you ever did. It’s all in the mentality that you bring to the table... do the minimum or give your all... the sky is the limit.
When was there ever just 9-5 here? For that matter when was there ever just 9-6? Where do these constantly carping employees work? I wanna know
How long have you worked at this company? They cut OT and adjust work hours every year at year end. 🥴
So today's the day...why is management still allowing some NY and Pgh employees to work old hours? 35 in NY and 37.5 in Pgh? Seems these new hours don't apply to management's favored employees.
This is the worst company I have ever worked for, not even close!
I see lots people complaining here about what the company hasn't done right for them... well, you have a job .. let's try to make this company the best it can be. At the end of the day, it's not about the number of hours worked. It's about quality and what the work you produced.
So... those exempt emps working 40-60 hrs/week s— it up and git ‘er done while those who get paid OT just can’t stop complaining. Sez a lot about human nature and how people get where they wind up don’t it though
9-5 is now 9-6
if commuting was 1hr in 1 hr out once everyone goes neck to office it will be an hr day lost from life to work an average of 250 hrs lost per year
standard hrs clearly signifies just how ancient this company and its mentality is. unfortunately processing and ops is the sweatshop of banking and bny and state street are in it because there is really no one who wants to do it.
the no layoffs decree seemed like a win but was not. Charlie took a big chunk and 2020 acts as 1-normalization period and 2-bny is a TBTF and regulators said don't be stupid and fail the markets. So no, no layoffs is not about you. You just happened to be on the good side of it.
the 40 hrs standard will make those who work longer hrs because of habit happier and the 9to501s mad. the morale that needs raising is of those who work longer hrs. cutting pay for all is not ideal but pay will normalize as better workers remark themselves.
Comment below sounds familiar
Be thankful that you have a job. If you don't like it leave and stop complaining.
40 hours, HAH!
In my last division, nearly all were working from 60 to 100 hours a week.
Boss was online until 10 PM most days. Co-Worker was lucky to go to the bathroom, and still had to be attached to the laptop at home. That is the way of the future there, and said co-worker will most likely miss the son grow up.
Yep, it's completely ridiculous. More time to watch Netflix I guess.. plus they're going limit overtime soon as well
Managers are being told to work the staff harder and harder but try not to break them—ridiculous.
Who can complain about only 40 hours?
To the get a life guy- I guess you are ok with your hourly pay rate being decreased and working more? Let me know how you feel when that happens to to you.
LOL the 40 hour neg votes guy must be exempt and been doing that free overtime for years with a c-ap bonus, so the saltiness is apparent. 40 hours would be fine if BNY paid industry STANDARD wages, so now they are paying even less while receiving another free hour of work. that's 1 hour of overtime pay lost and another free hour for them, so 2 hours worth of pay a day trench workers are losing.
They had good sum of money to restraint lay-off. This is why, they announce no lay-off for 2020 to consume those fund. Being laid off or quit, you will either win or learn, you are never a looser leaving this company.
For the poster saying “get a life”, obviously does not get it’s not only the 40 hour change it’s a combination of changes that have been occurring within the organization. Also this is a global company and not everyone works 40 hours! It might not effect some, but for others it can be disruptive . This is a site to share information and frustrations. So yeah , people will air grievances....isn’t that one of main reasons people come on here?
Omg the 40 hour work week has been standard in US since.....early 1900’s? Get a life and stop whining about stupid stuff.
Their goal is probably to make people frustrated and demoralized so they quit since supposedly they are not doing more layoffs in 2020. I was optimistic when the new CEO took the helm, but he’s proving to be just as disappointing as the rest.