Reply to Generally speaking, are salaried positions typically better than ones that pay an hourly wage?

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Reply to "Generally speaking, are salaried positions typically better than ones that pay an hourly wage?"

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[quote=Anonymous]That really depends on what the "hourly" position is and what the "salaried" position is.

I would look at:

stability of how many hours you work per week
what overtime compensation looks like

For example: I am a secretary and am classified as a salaried employee. I do have an hourly rate, though, which is used to calculate overtime past 40h/week. My hours are the same week to week, and if I work more than those hours, I am compensated for it at my overtime rate, which would also apply if I for some reason had to work 6d/week instead of 5.

However, if I was working in a job where I did not have guaranteed hours, or where the schedule changed from week to week (retail jobs, maybe some nanny jobs depending on the family's arrangement), I would not consider that to be "better" even if it ultimately paid more. I like stability, with the option of extra compensation if I work more. I know people who are salaried who are not compensated at all for overtime. Their salary is X amount per year, and if they have to for some reason work 12 hour days for a couple weeks, their yearly compensation doesn't change.

Personal preference, though.[/quote]

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