The financial greed brain trust known as CDK ELT has come up with another way to screw everyone that is left over. ELT is going away from bi-weekly and going to semi monthly payroll. This is taking two pay periods per year way from CDK employees. Their check are going to be a little more; A LITTLE, but they are still screwing employees again, and its no surprise.
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I am 100% confident that anyone who thinks they are not making the EXACT SAME income, whether or not you are paid biweekly or semi-monthly, is not smart enough to work for the dumbest, c-appiest company in America. Apparently, only the weak survive. The same people left this flaming bag of p--p already.
You are getting paid the same amount....
The leap year is a problem with biweekly payroll for salaried employee's. Normally a year has 26 pay checks...but the way a leap year can play out, I think a leap year can have 27 "Pay Fridays" in the same calendar year. Normally... Paychecks are "Salary / 26" but it can get tricky with some leap years.
Bi-Monthly solves that particular problem and in general...most salaried employees at other organizations actually prefer it. I was perfectly happy with bi-weekly, this does creat some work for me since I have a specific amount going to different accounts...and now with two less pay periods. I need to increase the amount on each of the new pay periods to compensate.
So it's a no-brainer if all the payroll is soon going to be laid off or transferred to an outsourcing company?
I am sure that the corporate bean-counters have figured out the following: (a) 181 days in the first half of the 2019 (less than 26 weeks), (b) 184 days in the second half of 2019 (more than 26 weeks) (c) this means that one would earn 13.2 two-week paychecks in July through December if on bi-weekly payroll, but only 12 half-month paychecks, that is approximately a 1.5% reduction in payroll cost for 1st and 2nd quarter of FY 2020 by making the change now. (d) 2020 is a leap year, with one more work day than tf would have if it were a non-leap year, and that day would cost CDK a days pay on bi-weekly but nothing if it is on a semi-monthly payroll.
Well technically, they could decide to pay you annually and still maintain the same salary right? People would like that even less. I get that not everybody likes this change but it’s hardly the end of the world. I would bet that this is saving CDK a little cash running two less pay periods, but there are other reasons to adopt this pay cycle no doubt.
Its the same annual salary, just divided up by 24 times per year instead of 26. or can you not do math?
Well, CDK will save money because A) It requires them to run payroll 2 less times per year B) They don't have to have a fund payroll account with more money during the months that they have to pay out 3 times.
SMH...how is this screwing employees? Aren't you still getting paid your full salary in the same annual timeframe? Seems like it would be even easier to do your monthly budgeting if you know exactly how much you're getting paid each month.
It’s an inconvenience if you’re used to getting paid every two Fridays. It takes an adjustment and you won’t get any more flush months where you get paid three times but you get used to it. I’m sure there’s some advantage to CDK otherwise they wouldn’t be doing it. Maybe it makes the timing of layoffs and any related severance or vacation payouts easier. There just HAS to be a downside for employees right? That’s CDK policy.
Man.... that’s terrible! Glad I got out. I couldn’t imagine if my current employer wanted to pay me my same salary I agreed to over the same period of time. What a travesty!
You're still going to get the same annual amount. How are we being screwed by this?
You act like this is breaking news