Are most workers paid a salary or an hourly rate?

Question

and do wages differ because of supply and demand or the factors of production?

thankyouu

Answer 1

Depends on what type of business it is. A lot of corporate office jobs are paid salary to save time on processing payroll cause most work the 40 hour week. Now, there is a difference between being salary and salary exempt. If you are just salary, then you would get paid additional wages for working overtime.

Wages differ due to cost of overhead, etc. Wages are usually figured into the budget to see what is most cost effective to get the best results.

Answer 2

Overall I think there are more hourly paid workers than salary workers. Management positions are paid salary just as others have said. Production workers are paid hourly.

Wages differ due to cost of living. It costs more to live in some states than others so a person doing a job in the state of California for example would earn more than a person doing the same job in Ohio.

Sometimes employers will give a higher wage rate to encourage people to apply for a job if they really need employees. Many companies give sign-on bonuses for pharmacists and nurses because there is a demand for them right now vs. the number of available pharmacists and nurses.

If a production company is having a huge order and needs employees quick, they may give a higher wage rate to encourage people to apply. But usually wages differ because of differences in cost of living.

Answer 3

Most workers are paid by the hour. The amount depends on the employer, but it can't be below the minimum wage ($5.15 an hour). Some workers who sell real estate get paid sometimes if they sell more houses and some earn commission (a portion of the money that they make for their employer goes to them). Waiters and waitresses don't usually get paid a lot, but they usually get to keep their tips.

Answer 4

Exempt employees (commonly called salaried, no overtime is paid) vs. non-exempt employees (commonly called hourly, they are paid overtime) are determined by criteria set up by the Department of Labor. It is up to the company to correctly classify the employee based on their job duties. Simply calling someone a manager does not mean anything if their duties do not meet the criteria. A few of the criteria are amount of money they make, if the job requires advanced training, and if the employee has the authority to make company decisions. Because of these criteria, the majority of employees fall into non-exempt status.

FYI, non-emempt employees (those who are entitled to overtime pay) can be paid salary, as long as they are also paid the extra overtime when earned.

Answer 5

white collar workers usually get a salary and blue collar workers usually get an hourly wage. Wages differ with each employer, experience levels, college degrees, and lots of other factors.

Answer 6

Most employees are paid hourly which tend to be the lower scale jobs. Management is usually salaried so their employers can get more work out of them for less...

Answer 7

Hourly

Wages depend on what state you live in as well as the job done.
A teacher makes a lot more in Connecticut than in Alabama, yet the demand & education are the same.

Answer 8

Hourly.