posted on Aug, 26 2005 @ 01:34 PM
I work for a small contracting firm as their Finance Director. I just started the position when I moved here in April. In NY we do many state
contracts that require us to pay prevailing wages and prevailing wage beneifts. These beneifts are currently $14+/hour. We are a non-union company
so we are supposed to put these extra benifts into a 401k for the employees by the 15th of the following month.
I noticed a few weeks after I started that they were way behind on these payments. They hadn't made payments from October 2004 on. I brought this
to there attention and they made the payments for October and November 2004 in May 2005. But they have not made any payments after that.
So currently they are 9 months (some $65,000) behind. The company has been in the RED nearly every month and can not afford to make these payments.
Jobs are hard to come by around here and reporting it would surely doom the company.
I know that I MUST report this to the Department of Labor. That the only moral thing to do. The company owes most of these employees several
thousand dollars each. But I am concerned with them all loosing their livelihood in the process.
Believe me I an NOT concerned with my own livelihood, I have had the good fortune of always finding a job within two weeks. Thanks the "Big Guy"
Should I doom these 15 or so employees to current failing economy and do what is morally right?