I just got hired by a company that pays by salary, not per hour. Anything I need to do before starting?

Question

My friend said I have to sign contracts before anything is final. What do I need to do and know before signing and working there?

Answer 1

Just make sure you have a clear understanding of the real hours you'll be expected to work. Salary generally means you're no longer eligible for overtime. Some companies take great advantage of that, making you work 45-50 hours.

Answer 2

Read the fine print, how many hours a day are you required to work, how many hours a week. If you work excessive hours how are you compensated (if time off who does your work when you are out).

My wife has a job just like this, She is called at 6:00 in the morning to be given a report. She leaves home at 8:00 to go to the office and arrives by 8:30. She tries to leave at 5:00 and often has a problem to deal with until 6:00 some times 8:00. Don't forget the emergency calls if something happens at 11:00 pm. She was paid $72,000 with overtime prior to taking a salary position. Now she gets $65,000 flat. THE COMPANY MAY BE STICKING IT TO YOU:

Answer 3

Just make sure you have a clear understanding of the real hours you'll be expected to work. Salary generally means you're no longer eligible for overtime. Some companies take great advantage of that, making you work 45-50 hours. And a good way to get a clear understanding is to divide the amount you'll be paid by the number of hours they expect you to work. This will give you your $/hr. and you can see how much you're being paid as-if you were hourly.

Answer 4

Definitely find out how many hours you will be working. I just started a salary position in October and you will not get paid overtime if you work over or end up missing lunch!!! Found out the hard way!

Answer 5

i dont think you have to do anything. wait until they tell you. technically salaried is good because you will be getting a set yearly salary whether its monthly, biweekly or weekly. if it's a large company, perhaps there are formal requirements where you would have to sign an offer letter or other agreements but they will tell you. then again, if its a formal company, an hourly worker would have to sign offer letter too. you might be interested and ask if you would qualify for over time. ask how many hours are considered over time. but thats pretty much it. congrats !

Answer 6

Salaried employees are not contract employees. They are classified salary so they are exempt from overtime pay. You will need to do nothing, except enjoy your new job.

Answer 7

Check out the benefits information to see what you will have for coverage such as dental and medical. Ask them about their savings plan and also what kind of pension and what contributions they will make toward your retirement. All are good things to know and should be presented to you with your letter of offer that you will sign to accept.