CPIstl: here's why this payroll change is here:
Last Thursday, CPI was just hours away from the termination date. Bank of America could walk in the door on Friday and take everything and tell everyone to go home.
And CPI was convinced that that was about to happen.
The deal wasn't final, and Bank of America didn't like what they were seeing from the buyer (Clear Lake). On Friday, Bank of America owned everything unless the deal was closed or the deal with Clear Lake was looking good enough for them to extend the agreement just s little longer. But, for some reason, corporate didn't like the looks of things.
So, payroll was instructed to flip the switch. Send in the hours they had on the books to ADP so that employees would at least get most of their pay if all hell broke loose on Friday. There was no "glitch", it was a strategic move where someone at corporate (finally) had our backs.
When things got extended again, they struggled to adjust, and a decision was made for two separate checks to be cut, as well as a revamp to the whole pay system,
And so, the change is implemented to make sure that we don't get screwed out of our hours should the company shut down. Turnaround time for pay is now as short as 3 days, and since many stores are only open Thursday-Monday it means the longest you'll wait from working a day to getting paid for that day is 8 days (as opposed to waiting up to 19 days under the old system).
This change makes me think that CPI is feeling pretty pessimistic about being able to pull things out, but at the very least we won't get screwed as bad as the KK employees did when they went belly up.
AI
