What is the advantages and disadvantages of Salaried employment?

Question

Job security

Answer 1

Advantages :
- Can plan monthly budget;
- Job security;
- fixed working hours;
- can plan daily routine;
- less tension;
- sufficient time for relaxing;

Disadvantages :
- Fixed income -less chance of increasing the same;
- Has to depend upon the schedule;
- Once only pay packet in a month;
- difficult to get more money if needed;
- Tax deduction at source.

Answer 2

As most have stated, salaried income does not take into account the number of hours worked or the amount of effort put forth. In the food/service industry as with most other industries, salaried pay is only offered to management or above positions. And then, ususally, they also sweeten the pot with perks and benies not offered to those under them. I once had such a job. I worked from 7 :30 AM until around 11:30 AM, M-F with weekends, afternoons, evenings and nights off. Free health and dental, to include eye care and a house with utilities. My Salary was only $36K because I didn't have a degree. My counterparts with a degree were getting at least double my pay.

Answer 3

Salaried entitles you to a fixed pay during a period like a month. You may not get properly compensated for overtime, but it depends on the company. Some companies do pay you fairly for overtime. Check out their payroll policies. The advantage here is you need not worry about holidays, weekends, and other days off. You get pay for those days because your pay is for the whole period, as opposed to by the hours worked. (If you are on hourly basis, no work - no pay.)

Hope that helps.

Answer 4

Don't take a salary unless your comfortable working way too many hours for no overtime. Its a way for the companies to not have to pay you overtime and its a bad deal for you. If they only hire for salary, find out how much over time a week you will be expected to work and factor time and a half per overtime hour and add that into how much you expect to get paid.

Answer 5

well salaried means it is a fixed Pay Meaning that you make the same weather you work more then usual or less. (Hours)
I personally won't take salary cause if you work over 40 hour you won't get over time pay. That is how some companies rip you off.

Answer 6

advantage - 'fixed' income
disadvantage - comp time instead of overtime pay when working more than 40 hrs

Answer 7

you get the same pay weather you have to leave early or stay late....