What is the name of your state? IL
In July my employer is changing our payroll from semi-monthly (the 15th and last day of the month) to bi-weekly (every other Friday). They will convert to paying employees 5 days in arrears (1 work week lag). The annual salary will stay the same, but in the process we employees are losing a week of salary!
Can they do this in the middle of a year like that? Shouldn't they have an obligation to give us a bonus or something, to make up for that lost week?
And what happens to the "arrears" money, do they keep it?
Thanks for any input.
RichWhat is the name of your state?