How would you describe a "salaried" employee?

Question

Interested in how time off is paid. Any web sites where I can get information on this topic, etc.?

Answer 1

Salaried simply means you get paid a certain amount of money per year, not an hourly rate of pay. Your time off will vary widely depending on the company you work for.

Answer 2

It will vary widely depending on what state and city you are working in and what company you work for. Most states do not set vacation or PTO (paid time off) laws. Your best bet if you work for someone else is to check your employee handbook or ask your manager or human resources manager.

If you are trying to set up a benefits package for your own employees, I would suggest talking to other nearby business owners and seeing what the local market is doing. Then go to your state and local labor board and check to see if they have any guidelines you must follow to be compliant.

From there, you need to decide if you are going to pay vacation only to full time employees (depends on the state, but usually defined as working 32+ hours a week) or to everyone. Vacation is generally earned through tenure and position. For example, a factory worker with 15 years on the job would have more vacation than a new hire for the same position, but might *not* have more vacation than a newly hired manager.

As far as pay-out goes, some companies allow accrual, which means your vacation balance continues to increase year after year if you don't take it, and there is no cap on how many days the employee can earn. Others cap the amount of vacation an employee can earn before forcing them to use it or stop accruing additional days. Some will allow a certain amount of vacation a year and it can either be lost entirely if it's not taken within a specified period, or it can be cashed out.

There are many, many options. Consider your business type, what is reasonable and customary for your particular area and what will keep you competive with your benefits to attract quality people.

On the flip side, you need to be aware of the overhead that vacation incurs to the bottom line and keep it realistic to know how much time you can offer without sacrificing your margin.

Good luck.

Answer 3

Someone who doesn't work for an hourly wage. They are paid a specific amount for their position regardless if they work 40 hours a week, or 50, 60, or more. Salaried employees also don't have overtime pay.

Answer 4

WEll, a non salary employee is paid for the hours he/she works. If you are on salary, then you get a set amount nomatter how many hours you work. Most salaried employees are on a yearly rate. Your yearly salary is evenly split up into your regular paychecks. Look up employee fair compensation.

Answer 5

A salaried employee is an amployee who is not paid by the hour (most white-collar occupations are salaried).

Answer 6

the laws vary in different states in terms of the legal definition. Look up you local state labor law on the internet to get the correct information.

Answer 7

over worked
under paid
biweakly paycheck.
too much month left at the end of money
after vacation time is used, sick used and any personal time, rarely do you get paid.

Answer 8

you get the same amount every year split up by 52 weeks or 26 payments.... paid vacation....

Answer 9

Ask the company you are looking to work for. Everyone's is different.

Answer 10

Hi, just wanted to say, I enjoyed this discussion. valuable answers