quitting and getting paid

Had some friends who did this right after receiving their first year bonuses and none of them (that I know of) received pay for those 2 weeks.

What usually happens is that you don't even have a chance to give a 2 week notice - they either find out indirectly through others or you tell them you're leaving effective immediately.

At smaller banks where people are harder to replace the 2 week notice may still apply, but if you're kicked out immediately don't count on getting paid.

http://www.mergersandinquisitions.com/
Mergers & Inquisitions

why don't you get your 2 weeks pay? I thought they have to give you a 2 weeks notice or pay in lieu of.

Depending on how the pay structure is at the bank you work at, you may get paid behind the curve. You are technically, by law, required to be paid for every day that you work. If you give your 2 weeks notice and then up and leave immedately after giving the 2 weeks (ie, say you give it on a Wednesday and leave on a thursday), you would be entitled to the pay up until the day you leave. As far as checks are concerned, depending how your pay structure is (on time, monthly, behind, fee payout schedual), depends on how you get paid. So, if you were on a 2-week behind delay, you would be paid up to 1 month after leaving the position you were in. Follow what I'm saying?

not really...so if you hand in your notice on wednesday and are asked not to come back do you still get the 2 weeks pay that you didn't work?

not entitled to the pay. employment in the US is at will, which means you can be fired at any time (or can quit at any time). if youre in the office for those 2 weeks, youre entitled to it, and if youre not, you're not entitled to it. 2 weeks notice is an etiquette thing, not a legal thing.

i see, thx.

then what's the point of the 2 weeks notice?

it's just considered good form. if you decide to move elsewhere, you're fully within your rights to just leave that day and never come back (and they're fully within theirs to say get the fuck out already then). it's just obviously better etiquette to offer to stay for 2 weeks to help ease transitions. it's the employer's choice whether or not to take you up on that...

What you will get paid for is your accrued vacation