Does anyone know about salaries?

Question

I have been offered a salary for my new job. I have previosly been on wages and dont know much difference between the two. I live in Australia and I dont know if it is different in other countries but feel free to answer. Your help is very much appreciated.

This is to csucdartgirl:
In Australia there have been new Industrial Relation Laws put in that reduce workers rights considerably. For example, if I only want wages and dont accept a salary they can just fire me or not employ me.

Answer 1

a salary means you are being paid per week... no matter how many hours it takes to get the job done...

there can be benefits etc... but read through all the paperwork they give you and make sure you understand it all.

Answer 2

I am in the USA, so this may not be helpful to you. Figure out what the average work week of a salaried individual is. Sometimes it is better to stay on wages for the overtime alone. Additionally, so salaried jobs have more responsibilities, like employee reviews and dealing with complaints. Make sure the $ is worth the work.

Read the rules about comp time and see if it's difficult to get it. Some companies have rules/employee handbook that no comp days are allowed in peak seasons.

Answer 3

Generally the conversion for a 40 hour work week is:
hourly wage x 2080 = annual salary or
annual salary / 2080 = hourly wage

The 2080 is just 40 hrs/ week x 52 weeks a year. So you can adjust that too if you need.

Answer 4

Sometimes it means you can be forced (directly or indirectly) to work longer hours in order to get a project done.

You can still make overtime while on a salary so you should ask about that too.

Answer 5

For every dollar they pay you, put in a dollar ten of effort in your job. You will appreciate in value fast.

Answer 6

no i dont know