Slaves 'R' Us
According to the New York Times, the practice of shaving time off of employees' pay records to cut costs is rampant in the already low-wage retail and fast-food sectors.
Another reason managers shave time, experts say, is that an increasing part of their compensation comes in bonuses based on minimizing costs or maximizing profits.
"The pressures are just unbelievable to control costs and improve productivity," said George Milkovich, a longtime Cornell University professor of industrial relations and co-author of the leading textbook on compensation. "All this manipulation of payroll may be the unintended consequence of increasing the emphasis on bonuses."
Unintended? I don't think so! Store managers are granted their tiny bit of status and barely-living wages and benefits in exchange for their willingness to squeeze as many hours from their employees for as few dollars as possible.
According to the New York Times, the practice of shaving time off of employees' pay records to cut costs is rampant in the already low-wage retail and fast-food sectors.
Another reason managers shave time, experts say, is that an increasing part of their compensation comes in bonuses based on minimizing costs or maximizing profits.
"The pressures are just unbelievable to control costs and improve productivity," said George Milkovich, a longtime Cornell University professor of industrial relations and co-author of the leading textbook on compensation. "All this manipulation of payroll may be the unintended consequence of increasing the emphasis on bonuses."
Unintended? I don't think so! Store managers are granted their tiny bit of status and barely-living wages and benefits in exchange for their willingness to squeeze as many hours from their employees for as few dollars as possible.
<< Home