Legal Question in Employment Law in Florida
Reduction in wage
My pay was reduced from $40/hr to $34/hour because the president says the company is not doing well. I am privy to our accounting and hapen to know that our invoicing is on track to cover overhead,expenses and wages for each employee at the current wage rate. The company is a privately owned firm. CAn they adjust a salaried employees pay?
Asked on 8/03/08, 8:43 pm
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Reduction in wage
It depends on the terms of your contract. If there is nothing to prevent this in your employment contract, then they are free to reduce your wages.
Answered on 8/04/08, 4:24 pm