hourly vs salaried pay--why?

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

  1. martybegan
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    martybegan Diamond Member

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    In most States, exempt just means exempt from time and a half, not OT. To be exempt from OT you need to reach a certain annual salary.

    Plus most companies realize they will lose high value employees if they don't offer things like bonuses to compensate.
     
  2. G.T.
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    G.T. Diamond Member

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    No worries!~
     
  3. Flash
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    Flash Platinum Member

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    Usually salaried people are required to work more than 40 hours a week. If they are lower level they still may be eligible for over time. If they are higher level they usually get bonuses.

    I was an Engineer for 30 years. Always salaried. Always worked a ton of hours. I didn't start getting really good bonuses until I became a Manager and Director. My last position the bonus was 60% of the salary. The bonuses and upper level salaried benefits allowed me to take a comfortable early retirement at 55.

    However, after I retried I did consulting work. I negotiated an hourly wage with the consulting firm since I already had benefits and did not want to work another 60 hr work week. Worked out pretty good for the few years I wanted to do it.
     
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  4. harmonica
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    harmonica Gold Member

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    ty for the reply ..I've worked with engineers for over 15 years.....I guess some were salaried and some hourly ...they seemed to work OT a lot
     
  5. martybegan
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    martybegan Diamond Member

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    That really depends on the State in question, and the companies own policies.

    In my company salaried people below a certain line make straight time OT, and above a certain line do not, but are in a bonus system.
     
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  6. Flash
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    Flash Platinum Member

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    Some lower level Engineers are eligible for over time depending upon who they work for. However, once they move up they are usually put on bonus.

    Yes they do work a lot of hours.
     

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