would you rather be paid on salary or hourly?

Question

i'm curious because i'm in-between accepting 2 jobs, in pretty much the same field but one is paid on salary and one is on hourly... when averaged out, they pay about the same yearly but i'm not sure if there are disadvantages/advantages to one or the other. what do you all suggest? any personal experiences? thank you.

Answer 1

Yes, I made the mistake of accepting a job one time that was salary. It start out being a basic job 40 hours per week. The company started to expand and we were putting in 40-60 hours per week. When you are salary is mean you put in whatever hours if takes to get the job done. When we complaint we were told that there not enough money in the budget to pay us more. One by one people begin to quit, and after six months I left for a another salary job.

I learned my lesson from the first one, this time I negotiated a higher starting salary, and I asked what happen if the business picks and we have to work more then fifty hours per week? I was told that would never happen, and it never did. This company was very organized and they planned ahead.

Answer 2

I think that it depends on what your goals and objectives are in your life and career. I have been a salaried professional for the past 15 years. I enjoy it because there are times when I do work 12 hour days, but there are other times when I have a doctor's appointment and can leave early without taking a financial hit. I would definitely not be insulted to be an hourly worker, since most hourly workers are the ones that really drive a business. They are the people that a company cannot do without. Look at any company, and remove any one level of workers. You could remove upper managers, middle managers, and even front line supervisors and you could get the job done, but your business would fold without the first line hourly people. Another benefit to being salaried is budgeting. Since your paycheck is the same each pay period, it is easy to budget your money. I guess it really depends on what your mindset is and what your career goals are, but I don't think that it is a "joke". What determines your success is not the hours that you put in a day, but the day that you put in your hours.

Answer 3

Aside from a few exceptions, Hourly is usually less professional, and you are paid piecemeal-meaning boom/bust periods.

Salary is usually more professional, meaning you get payed to take care of business and complete your work. This can be better to bank on just don't plan a life because you will usually find all kinds of things popping up and ruining your weekends and causing you to be around your job 60-70 HR.s a week-fortunately, there are usually down periods and more break time-a little more security-if you want to keep slaving away that is.
I found when I worked Hourly I actually forgot some checks until I ran across them, while on salary, every penny somehow gets spent!

Answer 4

As an HR manager, It totally depends on the position you are applying for. By taking a salary position, you will possibly make less for the amount of work you have to do. A salaried position doesn't pay overtime and therefore you could be required to work more than 40 hours a week and only be payed the set salary amount. If you are told the position will require you to work long hours and 40+ hours a week, being paid hourly could allow you to earn more than a salaried position.

Answer 5

THERE are pros and cons to both. If you accept a salary based job, realize that they can work you a ton of hours for no extra money. HOWEVER, if the hourly based job is not going to always be gauranteed at a certain amount of hours, you will not be gauranteed the pay either.

Depends on the workload and the hours you will be expected to work really. Also depends on your situation. Will lots of hours take you from your family? If you are on salary, and you go on vacation, or have to leave work early, or are sick, you are gauranteed those hours. (some places may make you still make the hours up later; depends on the employer).

Answer 6

Take hourly rate and multiply by two, then multiply by one thousand. That is approximately your yearly salary, assuming you work 40 hours a week, 50 weeks a year.

So 50$/hour = about $100,000 per year.

Answer 7

That may or may not mean something, but here's what will matter:

1) How often do you get your paycheck? It's important to have good cash flow.

2) Benefits - how soon will they offer medical, dental, etc.. ?

3) Stock options - do they offer any to their employees? If so, how soon am I eligible?

Walmart gave its employees, being paid 75 cents an hour stock options, but were able to cash out their stock options after 2 years with $500,000. Starbucks can be considered a similar story :)

Goodluck in your decision making process!

Answer 8

hourly, salary is capped in my field but hourly you get paid for overtime etc. and with hourly you get the added bonus of banked time where as salary employees have to get what they get.

Answer 9

salary because u can be sure of how much your making

Answer 10

hourly.