Hourly vs. salaried?

[pontifex]

I was salaried and now with the new company taking over, they changed me to hourly.
I was hourly ay my last job but I think for this job, salaried was better. going to take some getting used to switching back.

 

[SuperjetMatt]

I prefer getting paid for all my time put in.
That said, I've never been salaried.

 

[MetalMat]

90% of the time being salaried means you get ripped off.

 

[Descartes]

That depends on a lot of things of course. I would prefer hourly if:

1) The hourly rate is higher (it should be).
2) There is overtime.
3) I'm in a position to work that overtime and thus compensate for the time I need to take off.

This is basically how almost every self-employed service-based person works.

I'd prefer salary if none of the above is true.

 

[mordantmonkey]

just got my first salaried job.
not getting extra money for extra hours kind of sucks, but then I'm making way more money now. so it evens out i suppose.

 

[krotchy]

Depends where you work. Salary can suck if they make you put in constant 45+ hour weeks and don't pay overtime. Hourly can suck if they dont pay holidays because they label you intermittent or some junk.

The best is government work as structure because they do Salary but still pay you overtime, hazard pay, lots of leave and holidays. So if you work a holiday at a hazardous site on top of your 40 hours you get 3.375*pay for every hour your there. Not to shabby, of course getting your manager to sign off on those hours is the trickier part, lol.

 

[vi edit]

Salary is a give-take relationship. But overall, every salaried position I've been in has offered more flexibility when I needed it than any hourly position I've ever been in.

 

[pontifex]

for those who work hourly, when you clock in, do you haev some kind of leeway for punching in? apparently I don't, if I am to eb at work at 8:30 and clock in at 8:31, it clocks me in at 8:15. if i clock out 1 minute early, it rounds to the nearest quarter hour, so like 4:59 will clock me out at 4:45. not sure what happens if i clock in early. the other 2 places i worked at had like a 7 minute leeway before it rounded.

 

[Alistar7]

Best compensation system I ever enjoyed was a combination of both. Was on salary until I went over 40 hours, then I was paid hourly at an overtime rate. After I was put on that system I rarely worked over 20 hours a week.

The company was undergoing a $ hardship and dramatically downsized while trying to retain key personnel. They offered a few of us that sweet deal in the hopes we would stick around and they would turn the corner. Eventually the manufacturing process/rights were sold and the facility was closed.

 

[Brainonska511]

Originally posted by: pontifex
for those who work hourly, when you clock in, do you haev some kind of leeway for punching in? apparently I don't, if I am to eb at work at 8:30 and clock in at 8:31, it clocks me in at 8:15. if i clock out 1 minute early, it rounds to the nearest quarter hour, so like 4:59 will clock me out at 4:45. not sure what happens if i clock in early. the other 2 places i worked at had like a 7 minute leeway before it rounded.

The last hourly job I had was a part time job at a grocery store. The original time-clock they had when I started there rounded to the nearest quarter hour, but about 3 years ago, they changed the time clock and then I started getting paid for every minute that I worked on the clock.

 

[Joemonkey]

I'm salary but non-exempt, which means I don't punch a clock, but I do fill out a timesheet, and get paid overtime for anything over 40hrs.

 

[SuperjetMatt]

Eh....my hourly deal is pretty good.
OT time and a half, paid holidays, 15 days PTO (vacation and sick time combined).

And I gotta be there 40 hrs minimum, so I am guessing this is pretty close to salaried, except that I get OT.

 

[Scarpozzi]

I'm salaried. When I work OT, I can claim comp-time....

For example, I'll be working the 27th and 28th of this month, but the office will be closed. For x number of hours I put in, whether or not I come into the office or work from home, I'll keep track of and I'll enjoy an extended weekend in January.

I prefer being salaried here because we get an extra 8 hours of vacation per month and a pension fund. It's different if you work in industry.

 

[PrinceofWands]

It really depends on the job. If it's a feast or famine workload then salaried is safer, though you risk occasional exploitation. If it's consistently heavy workloads and overtime then I think hourly is much safer.

 

[Gooberlx2]

Originally posted by: vi_edit
Salary is a give-take relationship. But overall, every salaried position I've been in has offered more flexibility when I needed it than any hourly position I've ever been in.

qft.

 

[SlowSpyder]

One of the nice things about being salaried is that I always know what I'm gong to get on payday so I can budget well into the future. I haven't been paid hourly in many years.

 

[Rage187]

Originally posted by: Joemonkey
I'm salary but non-exempt, which means I don't punch a clock, but I do fill out a timesheet, and get paid overtime for anything over 40hrs.

 

[BarneyFife]

I'm hourly but its engineering for the govt. Love it because anything above 40 and its 1.5x and you can work ot whenever you want to (you can make a lot of money in the spring/summer when its busy). We don't have to punch in, just fill out a timesheet every 2 weeks. So my preference is hourly by a mile.

 

[altonb1]

I was salary until we were converted to hourly about 18 months ago. I lost a week's vacation, but they gave us a lump sum payout to compensate. My OT is worth $10-15k/year, so I love being hourly. I still get 7 1/2 holidays plus 2 weeks vacation + 4 days Personal Choice Holidays. (So if one year I decide to celebrate the birth Groundhog's day or whatever, I'm golden.) Actually, the 4 days accrue just like vacation, so I actually get 14 days paid vacation.

 

[BigJelly]

Originally posted by: MetalMat
90% of the time being salaried means you get ripped off.

That's true but I feel I'm the exception to the rule

I put in on average 30 minutes extra per day that I don't get paid for which sucks
BUT
I don't have to show up "on time."
I can leave early if I want to--never do but eventually I will.
I get compensated time--if I want to cash in my "over time" they don't mind. Only have to work 11 days this month--2 holidays, 10 weekends, 8 vacation days, and 11 working days.

Yes I work more but the advantages are nice.

I feel I get a fair deal.

 

[Imdmn04]

Originally posted by: MetalMat
90% of the time being salaried means you get ripped off.

You do know that most salaried people that work at office jobs don't work a full 40 hours right?

 

[Megatomic]

I've done both and I prefer hourly. I like getting time and a half for my overtime hours.

 

[BoomerD]

I haven't punched a time-clock in any manner in over 15 years even though I've almost always been an hourly employee. When I worked as a business agent for my union, that was salaried, but with the exception of a couple of truck driving jobs that paid daily, weekly, or by the mile, the rest of my 30+ years has been hourly. I'd far rather get paid overtime, double time or more for my overtime. Yes, being salaried may have some flexibility, (depends on the company of course) where hourly work is quite a bit more structured, but I actually prefer it that way, AND, I've almost always been able to take time off when I needed it. Kahleeforneeya law specifying overtime after 8 hours makes overtime pretty easy to come by for most who work construction.

 

[Parasitic]

Since I'm "salaried" right now I prefer it this way. Come to think of it, if I calculated the amount paid per hour of work done, I'd be better paid than most CEO's.
But then in whole figures I'm below poverty. Oh wells.

 

[SSSnail]

If I'm paid hourly, I'd be a much richer man.