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Originally Posted by ScottGem

But that's where I think you are wrong. Your final 2012 Pay period ends 12/22. That's how your company currently works. The final pay period for the NEW company is 12/15. Since you were already paid an extra week (12/15-12/22) under the OLD schedule, they can only pay you for 40 hours in the first pay period under the new schedule.

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Ok, that is the first thing that makes a little sense, the *books* can't pay me for what I've already been paid.

But I'm still confused at how as a Salary exempt can have 26 pay-periods one year (2012) and get 52,000 annual salary. The next year (2013) 26 pay-periods but 1 paycheck is 1/2 normal so the annual salary is only 51,000, then the next year everything is back to 26 normal pay periods for a total of 52,000 annual salary.

How is it OK for salary exempt employee to lose $1000 in their annual pay simply because a move of paydates?

How does this sound:
On December 20, 2013, you will receive a full paycheck, even though 2014 starts half way through it, on December 16. So your W 2 will show the 2 single weeks, the one at the beginning and the one at the end, and it will add up to 26 full weeks.

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Originally Posted by maamold

Ok, that is the first thing that makes a little sense, the *books* can't pay me for what I've already been paid.

But I'm still confused at how as a Salary exempt can have 26 pay-periods one year (2012) and get 52,000 annual salary. The next year (2013) 26 pay-periods but 1 paycheck is 1/2 normal so the annual salary is only 51,000, then the next year everything is back to 26 normal pay periods for a total of 52,000 annual salary.

How is it OK for salary exempt employee to lose $1000 in their annual pay simply because a move of paydates?

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I don't think you are losing. This is all a matter of timing. The 2012 pay cycle for your old company was such that the payroll year ended very early. I think you will find that your W2 probably will reflect $53K.

Quote:

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Originally Posted by ScottGem

I don't think you are losing. This is all a matter of timing. The 2012 pay cycle for your old company was such that the payroll year ended very early. I think you will find that your W2 probably will reflect $53K.

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I guess my main concern is that my bank account for 2013 will only show a total deposit of 51K instead of 52K especially in Jan when I will have a paycheck on the 4th that is $1000 less than if I had my normal paycheck on the 10th . Not happy about having to set aside money in December paychecks to cover my short Jan paycheck.

I thought that was the purpose of being Salary - Exempt, always the same amount in the paycheck no matter what. Guess I was wrong.