Salary vs Hourly: Which Is Better? Insights From A Recruiter
Wondering what being on a salary is? Or wondering what being paid hourly is? And lastly, wondering which is better? We’re going to answer all of these questions in this quick guide.
Let’s first dig into what the basic understanding is of being on a salary or being paid hourly.
What Is Being Paid On A Salary
Being paid on a salary is when you are compensated a fixed amount per year, which is usually divided into bi-weekly portions that are paid to you. Salary compensation means that you are not fixed to working any certain number of hours. You are measured and compensated based on your merit and the completion of your work.
This does mean that if you were to work late on a Friday night, you wouldn’t receive any additional compensation for your efforts.
What Is Being Paid Hourly
Being paid hourly is when your compensation is based on a fixed hourly amount and the amount of time you spent on the job. Usually, hours will be tracked by your employer when you are paid hourly. Federal law states that if you work more than 40 hours per week for a company that they must pay you overtime compensation.
Just like in our previous example, this means that if you were to work late on a Friday night (and those hours extended beyond 40 works per week) that you would have to receive overtime compensation.
How Many Hours Can I Work When Paid Hourly
There are two questions that are often asked, can an employer make you work more than 12 hours a day? And can an employer make you work more than 16 hours a day?
Working More Than 12 Hours A Day
The short answer is yes. Your employer can make you work more than 12 hours per day. According to the Fair Labor Standards Act or FLSA (29 U.S.C. § 201 and following), the federal overtime law, there is no limit on the number of hours that your employer can make you work. And by refusing to work this overtime, the employer does have the right to terminate your employment.
Working More than 16 Hours A Day
Again, the answer is yes. If you don’t have any restricted working hours in your employment agreement, then you might have to work long hours if asked. The Fair Labor Standards Act or FLSA does enforce proper meal breaks and working breaks. If you are concerned that you are being overworked, be sure to speak with your employer about their break policy during overtime.
Which Is Better: Salary Or Hourly?
While both have their advantages and disadvantages, the better option is going to be salary. Hourly workers are often at more will of the job market. If the employe loses a contract, the employee loses a job. That instability is difficult to deal with. Additionally, by being on salary compensation you are usually provided a significant number of benefits (healthcare, dental, eye care, bonus compensation or other).
Hourly workers are subject to frequent job adaptability challenges. While salaried workers feel more security with their employment.
If you have the option, speak with your employer about becoming a salaried worker. You might be surprised how many employers would be open to the discussion of transitioning from hourly wages to annual wages as it pertains to your employment arrangement and compensation package.
Phone interviews have become a core part of the process when attempting to find a secured placement for an open position. Companies receive massive responses from potential candidates for any..
Concerning a job search, you might receive numerous offers from your recruiters. Before you choose one, you need to assess all the conditions, for which it is vital that you know everything associated with the offered position..
Answering this question during a job interview requires more than knowing why you are unique as an individual. Yes, the true scientific answer is made up of two main components: your..
So, you have been in search of a job for a considerable time but are yet to be selected for one. If that's the case, don’t worry anymore because we have got you covered..
Open-ended questions like “What motivates you?” can elicit a deer-in-the-headlights reaction from job candidates if they are unprepared. It’s a broad question and can leave the interviewer..
A lot of interviewers ask this question - how did you hear about this position? This way they can judge you if you are a passive or an active job seeker..
Writing a thank you note after an interview says a lot about you as a potential employee. Most notably, it says that you care about the opportunities presented..
Writing the perfect letter of resignation is more of an art than it is a science. And we’re going to cover how to master that art form in this full guide..
Knowing how to end a business note or email is an important skill to develop. It helps portray a sense of confidence, respect and tone to your message..