Grumpy Old Accountants follow Francine McKenna’s lead in questioning Big-4 practices of not paying staff accountants overtime.
The conundrum goes like this: Staff accountants are “professionals,” and therefore should be paid salaries (fixed, without overtime) just like “professionals.” Plaintiffs claim, however, that staff accountants are not professionals because they are not certified and they need to be closely supervised. The work they do usually requires very little judgment (the hallmark of professional, per se). Hence, they are not really professionals and should not be paid overtime.
Does it make a difference? Grumpy Old Accountants point out that if Staff Accountants were paid overtime, then their base salaries would be lower.
What do you think?
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