If your having roof leak problems, don’t wait to contact a roofing contractor. Prolonged roof leaks seem harmless at first, but can turn into serious problems quick! Having persistent roof leaks can cause mold growth, damaged ceilings, furniture. Call us today if you’re in need of. One was a low- stress 9- to- 5 gig, but paid $1. He didn’t like a lot of things about the higher paying position, but he accepted the offer because it was more in line with the salary at his last job. In the months that followed, he was regularly putting in 1. Sundays. My guess is that it was at least 6. His gut instinct was right — he wasn’t enjoying the new job. Salary vs. In my situation, a jump in levels would essentially mean I would be doing the same job (with the possibility of more responsibility) for the same pay. Vacation and sick days were the same for hourly or salaried employees. When I asked what the difference was between the two pay structures, other than the fact that I wouldn’t get paid for overtime on salary, I was told that salaried employees can take a couple of hours for a doctor’s appointment and not have to use their sick time. Related Content: How to ask for a raise. As a young, healthy woman without kids, I had amassed more sick days than vacation time. That wasn’t much of an incentive. Then I looked around me at some of the other salaried employees who stayed late or worked weekends, and I wanted no part of it. I wanted to have dinner with my husband at night and spend our weekends going to markets, cooking and watching Netflix. At another job, I was told that being on salary meant that “if we close the office early, you’ll still get paid.” But we closed the office maybe two or three afternoons out of the year, and there were many, many events that required 8+ hour days. Once I put in a 2. In these particular situations, I just didn’t see the benefit of switching to salary. Was I crazy, or was everyone else?! Exempt and non- exempt. First, let’s look at what exactly it means to be hourly or salaried. According to the Fair Labor Standards Act (FLSA), which governs most jobs, employees are either “exempt” or “nonexempt.” Nonexempt employees are typically paid by the hour and are entitled to overtime pay it they work more than 4. Exempt employees, on the other hand, do not get overtime pay. For example, a sales consultant is usually exempt, but a customer service rep who works in a call center will most likely be nonexempt. Every field, company, and job is different, but generally, the following are the benefits and drawbacks of each pay structure. Benefits of hourly work. The benefits to being paid by the hour include the following: Guaranteed a certain dollar amount for every hour you work. Positions usually have a predetermined number of hours you’ll work. Drummond Company is a proven leader in the coal industry but also wholly owns ABC Coke, Jasper Oil, Perry Supply, & various real estate developments.If you’re asked to work more than 4. For example, if your hourly wage is $1. Some employers double your hourly rate if you’re asked to work holidays. The drawbacks? If your place of business closes early or decides to cut back on hours, that means a smaller paycheck. The likelihood of that happening depends on the industry and the company. A 9- to- 5 office job is likely to have a set schedule, whereas a job working in retail might fluctuate more. Benefits of salary pay. The benefits to being paid a set salary include the following: Guaranteed a certain dollar amount per paycheck. Some companies offer salaried employees additional perks, such as vacation days or a more flexible schedule. For example, if you finish your work early, you might be able to take the afternoon off. Often salaried positions come with a higher status and/or a jump on the pay scale. Salaried employees might be happier, according to a study published in Personality and Social Psychology Bulletin. Researchers found that income didn’t affect happiness levels as much for salaried employees as for those paid hourly, who experienced a stronger relationship between income and happiness. The downside is that if a salaried position demands more than 4. In my case, there were no extra perks and no bump in pay. My hours were just as set as they were for salaried coworkers, maybe more so since my boss was reluctant to have me work overtime and have to pay time- and- a- half. I think in Joel’s case, it wasn’t such a good deal, either. If he was making $5. Revware is a leading metrology software and equipment manufacturer Four CA Regional Agritourism Summits in February & March. The University of California Small Farm Program and UC Cooperative Extension advisors in four California. Agriculture in the North America Traditionally has had an advantage, which was to hire labor from Mexico at very low prices. According to the national Agricultural. If he had accepted the other job offer at $4. He was working at a lower hourly wage, and he wasn’t even enjoying his job. But in many cases, it can be a great thing, especially if you make more money, get extra benefits, and your company doesn’t expect 8. If you’re given the choice between the two, whether at your company or when negotiating job offers, look at the whole package. Find out the average number of hours the job requires, calculate your hourly wage, and think about what your time is worth. If you’re a father of two small kids, making it home for dinner every night might be your top priority. Then look at the perks and decide if they’re worthwhile to you. For example, a free pass for doctor appointments didn’t matter to me in the least, but I would’ve jumped at the chance for a flexible schedule. In short, don’t assume that salary pay is necessarily better. Every job and every employee’s personal situation is different, so crunch the numbers and weigh the benefits for yourself. Editor’s note: This article was first published in 2. Katie Ryan O’Connor in October 2. GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, and more. This article is about Career & Education. Wellington Laboratories Inc. Career. Career & Education.
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