Should interns eligible for overtime claim it?
I was wondering what the proper etiquette is for claiming overtime during a summer internship. I'll be working on the trading floor of a European/Asian bank in New York this summer and my pay rate for hours worked over 40 has been made very clear, but am I supposed to actually claim this on the time sheet?
I'm expecting to work 60-65 hours a week (6am-7pm maybe even 8pm) and I am far more concerned with gaining experience and making the right impression than I am with making a little bit of extra money. On the other hand I also wouldn't want my manager to look at my time sheets and think I'm not working very much. So what is typically the most appropriate way to handle this situation?
I think you answered your own question OP... you bring up you want your manager to see you're working hard/long I would argue if you really are working hard/long it will show when he/she leaves for the day and notices you still hard at work at your desk. I'm sure they will notice with our without the time sheet but thats my opinion.
Well that's kind of why I'm not sure. I think my manager will know I'm working hard either way, so does it just look greedy to claim all that overtime pay?
Everyone's going to have a different opinion on it, its really up to you honestly.
If your'e actually working then it's fine, it doesn't come out of their pockets just don't go overboard. They will let you know if you need to cool down and it won't be a big deal. Don't do any work for free, you are not expected to. If you are doing homework or something and just staying there for face time it might be a good idea not to stay on the clock. Just play it by ear and don't overthink it.
Take the pay - if you worked for it, you earned it. Keeping money on the table and out of your pocket hurts you unnecessarily. If they have a problem paying you, they will mention it to you discretely and you can adjust from there. It's just that simple.
Make an honest assessment of how much you're contributing. If you actually put in more than 8 hours of productive work, claim it. If the excess can be allocated to face time/waiting, etc. it might reflect poorly on you.
DO NOT LIE ABOUT HOURS WORKED - even if it helps the firm.
What if your manager has to explain to his boss why you are only working 40 hours. And his answer is, he's working much more we are just not paying for him. That's crazy. You're intern salary is shit for them. Just take it, shut the fuck up, and don't cause any problems with your autism.
Realjackryan is right... Stop overthinking this. Trust me, the last thing your managers will say is "He is cheating us, we should cut him."... Managers know if the hours you put in are legit, regardless whether they are there or not. If you worked those extra hours, put it in. If they come and ask you, be honest and they will give you a feedback. I know when the interns at my desk are actually working. Well, I overlook the interns day over day, so I know how much workload they have. If you go up to anyone who is not an intern and you asked them this question, they will think you overthink things and you're an idiot. Trust me, it happened before.
From my experience on the IBD side (so assuming IBD and S&T treat this stuff similarly), 100% put down every hour you worked.
1) Everyone does it. It doesn't look greedy, it's expected. 2) The intern money means nothing to the firm 3) It has the potential to become HR/employee rights violation if you don't, which is definitely not a headache anyone wants to deal with.
You are overthinking this one. Your time sheet needs to be an accurate representation of your hours worked. If anyone were to make a comment regarding your immaculate time keeping records, all you need to do is smile and say that you're excited to see your total hours worked, turn into total knowledge gained. They will look at you and probably cock their head slightly to the side with their eyes slightly squinted. Don't get embarrassed and look them straight in the eyes and ask them if they want you to adjust your time keeping methodology...and do it in the most relaxed and casual tone of voice that you can muster. You'll end up getting paid like you want to and they will respect the hell out of you for not folding under pressure.
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