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hourly or salary?

P

puffff

Platinum Member
assuming all your other benefits are the same, would you rather be paid hourly or salary?

i've got a friend that's paid hourly, and she's disappointed cuz she wanted a salary job. i tried explaining that hourly might be better. if she worked overtime, she got extra pay. which got me thinking, is there an advantage to being one over the other?
 
if you are frequenlty working 40+ hours hourly is clearly better. If you are salaried and can get your job done in <40 hours per week then that is clearly better than hourly. salary tend to get more paid vacations too.
 
Hourly. If the pay is the same in the end, go hourly. You get overtime and you don't get jerked around with your hours as much.
 
salary, unless you work overtime, salary has better benefits. if you have to leave work an hour early, you dont have to worry about losing that hours worth of pay. also, if you take a day off, you dont "lose" $100 or however much you make in a day.
 
Assuming pay and benefits were the same.


If you worked at an even 40 hours a week, every week of the year, then there isn't much difference. But no one does that.
[*]Vacation time. Most people have a vacation. Paid hourly means you don't get paid during your vacation, with salary you are paid.
[*]Shortage of work. This often happens where there just isn't a need for you to work 40 hours. Paid hourly means you get to go home and have extra free time, but you earn less that week. Paid salary means you probably have to sit around doing nothing, but your income is not affected.
[*]Excess work. As often happens, situations arise (sickness of a coworker, etc) where you have to work more than 40 hours. Paid hourly means you get paid for those extra hours and may even get paid overtime. Paid salary means you have to work but get nothing at all for it.

I can see benefits of either. I personally like salary.
 
Some places you get more vacation and such for being Exempt (Salaried). But hourly you can get overtime if you work it. End result, I don't think it much matters.

Just being paid hourly doesn't necessarily mean anything about vacation pay and such but it differs from company to company.
 
depending on the job...i'd prefer salary...while illelgal, i've noticed a stint where the ppl who usually get the most OT (from the hourly ppl) are the ppl who are often laid off....probably because they're considered expensive.

We just went through a whole transition in my office regarding this. A bunch of ppl went from salary to hourly thinking it'll be good...next thing you know...1 quarter later...layoffs....but i think that's just my company....good luck w/ yours.
 
Originally posted by: zodder
If I got paid hourly, I'd double my salary. 🙁
Click to expand...
That is probably the biggest misconception.

Suppose you worked 60 hours a week and did a job that legally got overtime. Suppose your salary is $60k a year for that job (all compensation included to keep the post short and easy). Thus you work 50*60 = 3000 hours a year, a net income of $20 an hour. But here comes the misconception - your employer would NOT pay you $20 an hour to do it.

Why? I think that is obvious. $20 an hour * 40 hours a week = $800 a week normal pay. Then $30 an hour * 20 hours overtime = $600 a week extra pay. Total yearly money would be $1400 * 50 = $70k. The employer knows this and won't pay the hourly employee the same amount per hour as the salaried employee. Instead, the employer would pay you $17.14 an hour. Net pay would be $60k. Thus no, you wouldn't get paid more if you were hourly.
 
salaried positions, in my experience, are generally better paying than hourly and your work is noticed more, as opposed to the price tag for the work.
 
I think it depends on what the job and pay is. When I was in high school working at a resturant, I was paid hourly at $10 (started at $6 tho). Since I had worked there so long, I helped to open new locations and train employees. I had about an hour drive to some of the new stores, and I got paid from the minute I left my house to the minute I got home. This meant as much as 65 hours of work a week, so during that period I was making much more money than the managers, even though we were working about the same hours.
 
i get paid salary and i never work over 40 hours i get paid lunches
so i really only "work" 35 or less hours a week 😀
 
Originally posted by: dullard
Assuming pay and benefits were the same.



[*]Vacation time. Most people have a vacation. Paid hourly means you don't get paid during your vacation, with salary you are paid.
Click to expand...

That's not always the case...depends on the company. When I was hired at my current company I was technically hourly but still got exactly the same benefits as every other new hire (holidays, vacation, health insurance, etc.). I was told not to work over 40 hours a week, so I never saw any overtime pay. I did not see any extra benefit when I became a salaried employee (except for the nice promotion that went with it 😉). Basically the way I look at it is if what I get annually from an hourly position (40 hour workweeks) is the same as what I would expect from a salaried position, and I get full benefits, then it doesn't matter to me whether it's salaried or hourly.
 
Originally posted by: hop12
Originally posted by: dullard
Assuming pay and benefits were the same.



[*]Vacation time. Most people have a vacation. Paid hourly means you don't get paid during your vacation, with salary you are paid.
Click to expand...

That's not always the case...depends on the company. When I was hired at my current company I was technically hourly but still got exactly the same benefits as every other new hire (holidays, vacation, health insurance, etc.). I was told not to work over 40 hours a week, so I never saw any overtime pay. I did not see any extra benefit when I became a salaried employee (except for the nice promotion that went with it 😉). Basically the way I look at it is if what I get annually from an hourly position (40 hour workweeks) is the same as what I would expect from a salaried position, and I get full benefits, then it doesn't matter to me whether it's salaried or hourly.
Click to expand...

Vacation time is a benefit. You just said "assuming pay and benefits were the same".
Hourly vs salary has nothing to do with vacation benefits.
Everyone at my job starts with 2 weeks of vacation per year whether they are hourly or salary employees. The only difference is that the hourly people get paid more if they work more hours and less if they work fewer hours, while salary people get paid the same whether they work extra hours or have to take a few hours off to go to a doctor's appointment.
 
For most jobs, hourly keeps you for taking it up the arse. And when you do, you get compensated. Salary though, usually gets paid more and in my company another week vacation time.
 
I'm salary and I do get paid overtime. 😀

Though they do tend to take a few hours away, for example, I usually have to work 45 hours to get paid for any overtime. If I work like 46 or 47, I might get 2-3 hours paid overtime.
 
if they expect you to work overtime without extra pay then salary sucks. My wife just got a job and they seem to expect her to work 50+ hours a week - she is on salary. crappy.
 
In my particular situation at my job I enjoy being salaried. I've come in late, taken off early, rarely work OT and don't punch a time card like everybody else. Salaried it is!
 
I've done both.

I've found it's not the type of pay you get, it's who you work for.

I'm salary, but have a great boss. Having a great boss makes work much better over all.
 
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