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Why do some employees get an hourly wage and others get a salary?
Wiki User
∙ 17y ago
It depends on the nature of the industry and the type of position. Nearly all part time jobs are hourly. This is because they have limited hours. Salary positions are ones are generally task orientated. You have to complete the task for satisfactory contribution. The hours may well exceed 40 in a week, but the end result is the only measurable.
Wiki User
∙ 17y ago
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Is it a law that all salary employees are going to hourly pay?
No, it is not ... at least not without some qualifications.The US is changing its rules regarding exempt employees (the new rules go into effect December 1 2016), and employees at the low end of the salary range may no longer qualify for exempt status. So SOME salaried employees may be going to hourly pay (which among other things, means they will now be eligible for overtime pay).
Average salary of a guns sales man?
No national average. Some work on commission, some work on salary, some work on hourly wage.
How do you calculate an hourly rate into an annual salary?
How to calculate and hourly rate into an annual salary?The answer to this question will depend on what is meant by annual salary.The annual salary earned by an hourly employee is calculated by:Annual salary = (hourly rate) x (hours worked)But hourly employees often receive time and a half for each hour after the fortieth hour every week. So the calculation should be:Annual salary = ((hourly rate) x (hours worked)) + ((hourly rate x 1.5) x (overtime hours worked))However, to convert an hourly rate to an equivalent annual salary for comparison is much more difficult as we must make many assumptions. So, assuming no overtime and some unpaid leave, since there are 52 weeks in the year and assuming a 40 hour work week there are 2080 workable hours a year. But since most companies in the US observe about 5 corporate holidays we lose 40 hours thus there are:(Annual hours) - (corporate holidays) = workable hourse.g. 2080 - 40 = 2040 (Workable hours) - (leave hours) = hours workede.g. 2040 - 80 = 1960 So the hourly employee can expect an annual salary ofHours worked x hourly rate = annual salarye.g. (1960) x ($10) = $19,600.00 But for a true comparison we need to account for the fact that permanent employees receive benefits that most hourly employees do not. So assuming that a permanent employee receives a benefits package valued at 18% of gross annual pay (this may vary widely).(Annual salary) - 18% = Adjusted annual salarye.g. ((1960 x $10) * 0.82) = $16,070.00 However, an independent hourly contractor may receive some tax benefits that are not available to permanent employees. Thus an accurate calculation depends on knowing the values for many variables.Take the hourly rate you are getting, multiply this by the number of hours you work each week, then multiply this by the number of weeks you work each year.If yo get paid leave treat this a working time in the calculation above.
What is formula to calculate annually salary to hourly salary for part time employees?
Estimate how many days an employee works, and how many hours per day; divide the anual salary by that. You may want to do some additional adjustments, for example due to the fact that an employee paid by the hour wouldn't get some of the additional benefits that your permanent staff gets, but that's the basic idea.
Are all employees paid by the hour?
Some employees are paid by the hour, and other employees earn a salary. This means they are paid weekly or monthly but the number of hours may vary. Their pay is the same. Government workers and teachers are paid a salary.
What is a pharmacy technician salary?
The pay ranges from $20,000, $30,000 annually. Some get higher pay with the education to about $40,000. Others get paid hourly between $10 and $17. Seems a little low to me.
Do truck rentals charge hourly?
Truck rental fees vary by provider. Some charge strictly hourly, while others charge hourly plus mileage. Others may only charge daily rates like the average car rental company.
Do lawyers get paid by salary?
no doctors ge tpaid way more then lawyers but they would run in second place right after doctors.
Why some employees are good performers compare to others?
some employees perform better then others because they care about there job. and take it seriously then other's that don't take it seriously and are lazy.
There is no salary increase across-the-board?
The hike might be intended for a certain group or designations..It is not a flat salary hike for all the employees..there might be some excemptions..
What are the sources of office employees?
Companies get office employees from different sources. Some contract with temp agencies to supply employees. Others hire employees directly from the classifieds.
Why are some people paid per hour and others a salary?
Typically, but not always, it has to do with whether the job is exempt from the requirements of overtime pay. Generally speaking, jobs that are management, professional, IT related, etc. are exempt and are typically paid salary. Laborers, manufacturing and construction workers, administrative workers, etc., are typically paid hourly and are eligible for overtime.
