Let's say you have a job interview. You're 5min late, so they either don't hire you, or the receptionist says the interviewer is now not available. Are you now due the salary, because you being this late 5min cost you a lot of money?
If you in a private contract reject the terms of paying $5 per minute late, well then the other party now knows you plan to be late a lot, so they'll be glad if you take your business elsewhere.
Keeping people from being able to go home after their workday, effectively forced overtime, is incredibly disrespectful. And even if "it's not your fault", you are the only one that could have prevented it. So incentives should be in place that you don't. $5 per minute sounds fair.
If you force me to stay late for a full hour you'd BETTER pay me triple digits. But in this case the $300 for an hour may have to be shared among several people.
Let's say you have a job interview. You're 5min late, so they either don't hire you, or the receptionist says the interviewer is now not available. Are you now due the salary, because you being this late 5min cost you a lot of money?
If you in a private contract reject the terms of paying $5 per minute late, well then the other party now knows you plan to be late a lot, so they'll be glad if you take your business elsewhere.
Keeping people from being able to go home after their workday, effectively forced overtime, is incredibly disrespectful. And even if "it's not your fault", you are the only one that could have prevented it. So incentives should be in place that you don't. $5 per minute sounds fair.
If you force me to stay late for a full hour you'd BETTER pay me triple digits. But in this case the $300 for an hour may have to be shared among several people.