Salary V Hourly Wage

je55ie

Hi ,

Can someone explain to me whats the difference between being on a salary and a hourly rate?

If your contract states that your salary is based on 39 hours per week or as required and then you are put on short time e.g 2 to 3 days a week, how is your salary then calculated.

And other differences between being on a salary as opposed to a wage..

Thanks

Jessie

SeantheMan

Salary would be a yearly pay. Which is a fixed payment.

So a company will offer you a salary of 30k a year.
This is fixed , you'll get paid either weekly/forthnightly/monthly ...but it will be in relation to your salary

I.e Monthly will be 1/12th of your salary

If you were taken on in a parttime job say, you would be on an hourly rate, and then paid according to how many hours you worked.

In my case, I do shift work, and am on a wage.
1 month i may work 108 hours, and the next month 150.
Yet I will get paid the same for each month

Wage as far as i know, is just a different term for a fixed payment in earnings.
An hourly wage / minimum wage

dunie001

basically from my own experience this is what being on a salary means...

Your contract says that your average working week will be 39hrs and that you will be on a salary of €30k/yr.

This basically means that if you work 39hrs a week you will get €30,000..

However, it also means that if you work 60hrs a week then you still only get €30,000/yr.

In construction, try very hard to get paid an hourly rate. A salary in construction is a disaster.

In an office, try to get a salary and also try to only work the usual working week with no overtime. However the higher you get promoted in an office the more salary you will get but you will also be "expected" to work more overtime.

je55ie

Cheers thanks for the replies and just in the case of a reduction in working hours what happens to your salary?