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It is where you do not have any over time and do not get paid by the hour. So if you work 60 hours, you only get the regular salary based on 40 hours. Most management jobs are salaried, for example, retail managers, restaurant managers,controllers, etc. Many professions are salaried - lawyers, Accountants, and doctors (in clinics).Essentially, these people are paid an annual salary to do "whatever it takes" to complete the job successfully. They don't collect overtime, even if they work 80 hours a week. For the most part, salaried people make more than others, but work more than 40 hours per week. Legally to be salaried, you must either a) supervise at least 3 other people including hire/fire decisions or b) be a professional or an outside sales person.
Wiki User
∙ 18y ago
Wiki User
∙ 18y agoWhere I work, my boss is salaried. It's "Director of Clinical Services" also, the Clinical Research Assisstants are. I also know that Mechanical Engineers and Mechanical Draftsmen are often salaried. Car salemen are, but the salary is low and you must sell cars to get bonuses.
Wiki User
∙ 12y agoWall Street investment banks pay $100-150k total first-year compensation, rising to as much as $400k after 5 years. However, there is very much an 'up or out' culture in investment banking, so many leave this profession quite early on.
Surgeons & anaesthesiologists also get paid very well.
Lawyers in general, and especially corporate lawyers, have pay scales which are highly desirable.
Management consultants, traders, and other finance positions all pay well.
Overall, the best paid salaried job is probably investment banking.
Wiki User
∙ 8y agoA salaried employee - is paid monthly - by dividing their annual pay by 12. A waged employee is paid weekly - by dividing their annual pay by 52.
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Can you give a salaried employee partial pay?
no
What is Salaried employees?
A salaried employee - is paid monthly - by dividing their annual pay by 12. A waged employee is paid weekly - by dividing their annual pay by 52.
Can a Texas salaried nonexempt employee have wages deducted for hours not worked?
I have looked through the FLSA information and deducting wages for hours not worked as a salaried nonexempt employee in Texas, I can not find the answer.
How long do you have to pay a salaried employee if they are of work ill?
7days da
Can an employer require a vacation day for the day after Thanksgiving for a salaried employee?
sometimes
To whom Form 16 is applicable?
Form 16 is applicabel to salaried employee
If you work part time are you a salaried employee?
You can be, it depends. Whether or not you are a salaried employee is something that you should know based on the way you get paid and your work schedule. If you get paid hourly, you are not a salaried employee.Whether you are salaried depends on your job duties ... not on how often you get paid. All overtime exempt employees must be paid for full days. Still, one could work three or four days a week at a properly salaried exempt job and be a part-timer.
Do a salaried employee's pay change if one week he works 40 hours and the next week 32 hours do the pay change?
If an employee is salaried then they have a fixed amount of pay per pay period so working fewer hours per week wouldn't change the pay. It wouldn't really make sense for a company to reduce the hours of salaried employees in order to save payroll costs. Salaried employees have reached a level of professionalism where they don't punch a time card. If someone is keeping track of hours for an employee, then they are most likely NOT salaried.
Is PF withdrawal is taxable for salaried employee?
Yes, if you do before 5 years of service
Can an employer demand an salaried employee to work 6 days without compensation?
yes they can, hence "salary"
What are the terms of the GM employee discount?
To be eligible for a General Motors employee discount you must be an hourly or salaried employee living in the United States. General Motors has more terms which you can find at their website.
If you are a salaried non-exempt employee can your employer deduct partial days from your pay?
AnswerA non-exempt employee is an hourly paid employee. Therefore, he is paid according to the time he works; no more, no less. An exempt employee is a salaried employee who gets paid the same amount regardless of how much he might go over 40 hours in a week. As for if the exempt employee gets paid for taking off half a day, it depends on the wage and hour laws of the state. ************The information stated above is correct, however, it does not answer the specific question being asked. The above question is asking about a SALARIED NON-EXEMPT employee and not a SALARIED EXEMPT employee. There is a difference.Dealing only with non-exempt employees, yes, generally a non-exempt employee is an hourly paid employee who is paid for the actual hours they work. There can also be SALARIED FOR FIXED HOURS non-exempt employees and SALARIED FOR PARTIAL HOURS non-exempt employees. These positions are paid a set amount per week, with anything over 40 hours being paid time and a half. e.g. If they work 35 hours in a week they still get the full salary amount. If they work 42 hours in a week they get the full salary amount plus two hours overtime. The Department of Labor has a lot of information on these positions.If you are a salaried non-exempt employee, I do not believe your employer can deduct for partial days worked. If you miss work because of sickness, leave of absence or can't make it in, then a full day deduction may apply.
