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  1. #1
    Registered User patticakes's Avatar
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    Default New Pay Cycles, Yep its a rant

    DH came home today to explain his new pay cycles. No more 1st & 15th it is now every other Friday. The first Friday of the month will be regular pay/salary and the other will be incentive pay.

    Fine.

    Incentive pay is not bonus, it is commissions due. Even if your salary is commission only, the new company is looking at commission as incentive. Heck all pay one gets for their work is incentive. Commissions are now paid 45-60 days after the "sale". He won't get paid for any January until the 27th of February.

    Luckily, him as a manager he will get a his little salary minus all the well known fees this Friday and then he can explain to his sales force why thy are not getting any checks based on their hard work until the end of next month. It won't be a pretty day in that office.

    Tomorrow morning I am looking at our budget and will restructure based on this fresh new information....and the probably cry a little because of the stress pull myself back together and be grateful that we are still getting checks and able to pull something together to move forward.

    Thanks for listening.
    patticakes
    ---------------------------------------------------


    HELOC $63,000/$68,500
    CC#1 - $6500/$7800
    CC#2 - $13,500/$15,000

    Sell the land parcel

    Just taking life one day at a time, trying to enjoy every minute of it with those I care about.

  2. #2
    Registered User Spikey1341's Avatar
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    Default

    Well that just sucks! As a manager does he even make commissions?
    Jeanne

    Married to Frank 29 years, no children, 2 dogs


    CC # 1 and # 2 PIF
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  3. #3
    Moderator aka AmyBob AmyBoz's Avatar
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    That's tough to have to adjust your budget when they shift pay cycles. You get used to doing things one way and then, Wham! Time to change it all up.

    Sounds like you've got the right attitude and I'm sure you'll adjust quickly.
    My Blog: http://amysreallife.wordpress.com

    Amy
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  4. #4
    Registered User TigerGirl1226's Avatar
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    That is poo poo! We had a change last year too and I swear sometimes I still forget about the change.
    Working on Our Debt a Day at a Time:

    Chase #1: Paid $1307.12 of $1925.04
    Bank of America: Paid $1054 of $1600
    Dillard's: Paid $953 of $1750
    Medical (too much to list so I am going one at a time):
    Amex #1: Paid $3975.50 of $3975.50 Paid in Full 3/09

    Chase #2: Paid $4489.75 of $4489.75 Paid in Full 12/09
    Macy's: Paid $337.24 of $337.24 Paid in Full 9/10
    Lane Bryant: $300 of $300 Paid in Full 7/10
    MRI Paid $1080 of $1080 Paid in Full 2/11
    Amex #2: Paid $8286.17 of $8286.17 Paid in Full 7/11
    Foot Surgery: Paid $1759 of $1759 Paid in Full 8/11
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    2012 Fling 319/2012

  5. #5
    Registered User Michelle68's Avatar
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    Default

    We've had that happen to us before and it really is a major PIA. Sorry you're having to deal with it.
    ~ Michelle



    Wife to DH--
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    "The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers

  6. #6
    Registered User patticakes's Avatar
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    Quote Originally Posted by Spikey1341 View Post
    Well that just sucks! As a manager does he even make commissions?
    Yep, the salary is really small to justify the title. Most of his income is commission. The company talks about bonuses but it has seemed like shooting the invisible man, I don't understand how that all works out and doubt if I ever will.

    I am also on commission and *luckily* my company wants to pay us as quickly as possible so that will be the way we will get thru the beginning of the month.
    patticakes
    ---------------------------------------------------


    HELOC $63,000/$68,500
    CC#1 - $6500/$7800
    CC#2 - $13,500/$15,000

    Sell the land parcel

    Just taking life one day at a time, trying to enjoy every minute of it with those I care about.

  7. #7
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    I'm sorry about this - such changes really through everything into disarray.

    And I really, really feel for him having to the bearer of such bad news to his co-workers. I hope they don't take it out on him. He'll surely already feel bad enough about it.
    Donna

    Use It Up 2012:
    Lapghans: 5
    Baby afghans: 1

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