hourly vs salaried pay--why?

Discussion in 'General Discussion' started by harmonica, Nov 8, 2019.

  1. harmonica
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    harmonica Gold Member

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    ....why pay some hourly and some salary? what are the advantages for the company? thanks all civil replies
     
  2. Oddball
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    Oddball Unobtanium Member Supporting Member

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    Contract and piece work is best.
     
  3. G.T.
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  4. MeBelle
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    MeBelle MeBelle 4 Prez 2020 Supporting Member

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    Salaried employees get ripped off by the company they work for because the employer can work them more than 40 hours a week without paying over time.
     
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  5. martybegan
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    martybegan Diamond Member

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    Only in certain situations, and most exempt employees are also compensated by bonuses.

    I am salaried, and exempt, but I still get paid for extra hours, only with straight time.

    My next promotion removes my ability to get OT, but also makes me eligible for bonuses that are almost guaranteed.
     
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  6. WinterBorn
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    WinterBorn Platinum Member

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    Salaried employees save a company money, if they do it right, from the nickel & dime overtime. If they work 42 hours or 49 hours, they make the same thing. Plus it simplifies payroll.

    Hourly saves the company money if the employees can be clocked out early or the length of the day is not set. But it can also hurt them. When I was moved from a line crew to being a safety inspector/trainer, I got a raise. I also mentioned it might be good to move me to salary. My boss thought I shouldn't be salary. There were 7 jobs around the state of Alabama that I was responsible for. Most weeks I hit 40 hours before lunch on Wednesday, and it was overtime after that.

    Salaried workers can also collect overtime, which some people do not know.
     
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  7. WinterBorn
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    WinterBorn Platinum Member

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    There are some salaried positions that are exempt from being paid overtime. And how much they make counts into that. If they make less than $47k or $48k a year they get overtime.
     
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  8. Pogo
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    Pogo Diamond Member

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    I get day rates. That means there's variation in how much work goes in to a "typical" day (which really does not exist) but if the day gets inordinately long I charge o/t.
     
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  9. WinterBorn
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    WinterBorn Platinum Member

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    I worked for a electrical power contractor as a safety inspector. My salary was based on $30 an hour. One week, after working a ton of hours on the weekend, I got a check that was almost double my regular pay. Turns out it was overtime. Working the long hours on storm damage earned some pretty serious checks back then.
     
  10. harmonica
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    harmonica Gold Member

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    ...thanks--I did try to find out it before starting the thread ---but I guess I didn't search long enough
     
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