What do you do when you sign offer letter stating salary amount and the amount is different on your check? (paycheck, job)
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I just started working for a very highly respected company. Before starting they sent me a offer letter stating my monthly salary down to the penny of how much it would be. They also said in the offer letter how much that would come to yearly. So I signed and returned the letter and started work. I just got my first paycheck and its for 2 weeks of work but the calculations come to about a dollar lower hourly than what I was told in the offer letter. What can I do? Is an offer letter basically a contract? Are they legally obligated to pay me the amount I was told in the offer letter? Can I get a lawyer involved if they do not change my pay to what I was promised?
If you'll be paid every 2 weeks, take the gross you received for the 2 weeks and multiply it by 26 (for 26 payperiods in the year based on every 2 weeks). Does that equal the annual salary you were promised? If it does, you're fine, you're just seeing the variance of annual salary applied to actual payroll schedule. You'll make up the 'missing' amount on the months where there will be 3 paydays. If the totals do not agree, I'd contact HR.
It could just be the way the pay period is falling. If you are comfortable, contact HR and ask them to explain the first period of the paycheck, and see if that answers your question. I have always found there is a weird glitch on the first check.
Yeah when I had my first job in which I was being paid every 2 weeks I wondered why my paychecks came less to how I calculated them as well.
For example, if your salary is agreed at $54,000 a year, you are probably dividing that by 12 months, which is $4,500, and then dividing that by 2 weeks which is $2,250. This would be what you would be getting paid before taxes and deductions if you were semi-monthly (aka on the 15th and 31st of every month).
However, since you are being probably being paid every 2 weeks from your last pay period, you should actually divide your salary by 13 months, and for $54,000 that would be $4,153.85. Then divide that amount by 2 every weeks, which in this case would be $2,076.92 that you would receive before taxes and deducations.
This is of course assuming this is what is happening in your situation. It could also just be that you are getting paid less than agreed upon as well. :P
I just started working for a very highly respected company. Before starting they sent me a offer letter stating my monthly salary down to the penny of how much it would be. They also said in the offer letter how much that would come to yearly. So I signed and returned the letter and started work. I just got my first paycheck and its for 2 weeks of work but the calculations come to about a dollar lower hourly than what I was told in the offer letter. What can I do? Is an offer letter basically a contract? Are they legally obligated to pay me the amount I was told in the offer letter? Can I get a lawyer involved if they do not change my pay to what I was promised?
Why not do some calculations yourself and contact the payroll department before getting an attorney involved.
Cripes, not everything needs an attorney.
It makes me wonder how some people are inclined to rant on a forum or hire an attorney before politely asking the payroll/HR department about a possible discrepancy on their first paycheck.
Why don't you ask this question to your HR?? This question has nothing to do with "Job Search". And even if you can't ask this simple question to HR, you can also check several sites where you can find your net income/paycheck based on your earning and how often you pay.
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