Anyone go from salary to hourly? My company changed policies so employees making under $100K are now hourly. No change to vacation, holidays or eligibility for bonus or raises.
It's cool to be eligible for overtime, but it's just weird and it's hard to not think of it as a demotion, because for so long I always though salary = status. Even though it really just meant in some situations longer hours for the same pay.
My company is headed out of Canada, so I'm wondering if this is kind of a workers rights type thing. I do travel for work sometimes, so I don't know how the overtime will work with travel. My manager said she had to find out more.
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Re: Salary to hourly
For example, my DH works at a power plant and is an hourly employee, but his salary for the year based on his hourly wage is in the 60-70K range. It also qualifies him for 1.5, double time, and triple time, which really adds up.
What are the prospects for overtime? Is your annual pay the same as an hourly wage vs. salary?
I have two part-time jobs. One is salary, and one is hourly. People are definitely more considerate of my time at my hourly job.
At my salaried job, people will just pop into my office or schedule a meeting before or after my normal work hours. At my hourly job, if someone wants to schedule an additional meeting with me, then something else from my workload gets cut, or I am paid for additional hours. There is something in my contract about how many additional hours I can work.
Pros:
- If you work extra, you get paid extra. I WFH and this makes me not feel as bad when I'm working in the evenings or weekends with the family home.
- Less pressure to "make up" missed hours. I don't have much PTO so I try not to use it unless I miss whole days. Because of that I don't stress out if I don't work my total scheduled hours per week/month because $50-$100 less per per paycheck isn't a huge deal.
Cons:- There is less freedom when you do things like take a long lunch or leave a little bit early. While a salaried person might just do it knowing it washes out with the times they stay late an hourly person has to count all that time.
- Depending on how you get paid it can be a little bit of a pain to budget. I get paid monthly so each month's paycheck is different depending on the number of working days. It's not a huge deal and is a wash at the end of the year but I'm a huge budgeter and the flux annoys me.
I have the opportunity to go salary at any time. I have chosen to stay hourly because of 1) lack of PTO and 2) getting paid for any extra hours I work.Another thing to consider is how they count your hours. At my old job I had to clock in/out and I hated it. It did make me feel like my status was diminished. At my current job I am responsible for my own time sheet and am left to be honest about it. I like this much better.
I look forward to finishing school and becoming an NP, and I'll be salaried.
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