Legal wise, are salary and wage different? What about overtime?

DaSilva

Hey, I'm just wondering about something was checking out the workers rights in Ireland, and I couldn't get find a direct answer to this.

You must, however, receive at the very least your normal hourly rate of pay for overtime.

This is from the website, however if you are on a salary say €20,000 per year, can you work backwards, assume a 40 hour week and determine your hourly rate?

It's not so obvious from a salary perspective.

Thanks

FreudianSlippers

Well your actual hourly wages would be your salary divided by the actual number of hours you work in a year - might be more or less than 40hrs/wk average.

Jev/N

Salary = total annual income

Wages = hourly rate x hours worked

Delancey

Jev/N wrote: »

Salary = total annual income

Wages = hourly rate x hours worked

Thanks for that , And here was me thinking Salary = 'Middle Class ' and Wages = ' Working Class '

DaSilva

Jev/N wrote: »

Salary = total annual income

Wages = hourly rate x hours worked

Thanks, that is what I used to think and then an accounting lecturer in IT Carlow convinced me that they were totally different, that some people were on a wage and some people were on a salary. The only difference is the measure of time it is still the same thing fundementally.

Jev/N

That's only my understanding of the two concepts, I wouldn't take it for gospel!

Basically I think that you get paid the same every week if you're on a salary, unless with some massive overtime or an annual bonus.

With wages I thought it varies on a weekly/monthly basis depending on time worked, with more emphasis on overtime payments etc.

I could be completely wrong!

FreudianSlippers

Yeah, wages are €/hr and salary is €/year IMO