Quote:
Originally Posted by MMM
Being salaried means you are not paid by the hour, so you do not get paid for overtime.
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WHOA... That is
NOT correct.
Salaried means that you are paid a flat fee for the month, regardless of how many days of actual work there are, no reductions for holidays, etc. You receive a guaranteed amount of pay for the month even if there is a huge holiday break, etc.
Overtime is something completely different, and it IS paid. In the work contract, you generally agree to 8 hours of work each day for the salary. Anything above that is not included in the contract, and therefore must be dealt with outside of the salary... In other words, paid by hour.
Occasionally, some company will slip in "service overtime" into their contract, or try to do a loophole by not defining things properly in their contract - but that`s actually illegal these days.
My husband is a "salary man" and I assure you, he is paid very well for overtime - not to mention increases in his bonus if he does well.