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Home > Business & Careers > Payroll   »   The difference between salary and hourly wages?

 
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Old Mar 16, 2005, 02:44 PM
Dubravka
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The difference between salary and hourly wages?

When hiring someone on a permanent basis (full time) what are the pros and cons of the employer paying the employee salary opposed to wages?

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Old Mar 16, 2005, 08:37 PM   #2  
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one of the major things is that if you are salary you don't get paid overtime, if you are hourly you get that time and a half if you work over 40 hours a week or how ever the company defines overtime to be. But some companies will give you what is called comp-time. Now that means that say you work 50 hours one week then you can take 10 hours off at a later date. The company that I used to work for had a sup that would work the weekends and it would be a differant sup every weekend so no one had to do it all the time and the sup that worked the weekend would get off one or two days the next week to make up for working. Then there are some companies that don't care how many hours you work. Like UPS my father was a sup there for 37 years and there were some times that he would work 13 hour days or longer and it didn't matter. Very few companies give comp-time from my understanding. So I would think about this before you say that you will work for say 30K a year knowing that you are/may work say 60 to 70 hours a week because that is less then 10 an hour especially if they will pay you 15 or 20 an hour that is a big difference.
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