- Joined
- Dec 5, 2012
- Messages
- 551
- Reaction score
- 913
Also called incentive pay here. Who cares what they call it? Better than NOT getting paid for that time.
It's not so much that I care what they call it, it just surprises me how many of my colleagues have been tricked into seeing it as a "bonus" or "perk". Is your base salary is $250k, and your overtime kicks in at 4pm (this is the case here), that means the institution values your 7-4pm workday (assuming a 5d workweek) at roughly $120 per hour, which is disgraceful. But many of my colleagues don't look at it that way, because their paycheck at the end of the year is north of $300k. It's an accounting trick designed to extract maximum productivity for the smallest amount of money.