Quote:
Originally Posted by Nyororin
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.
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Few comments. First, in regard to the above. I guess OT pay IS available in SOME jobs. But not all. My cousin works for a small advertisement company with no OT pay. Back in 2006, I arrived at his place around 1AM, he isn't home yet, he got home around 2 AM, and left for work again at 5:30AM. All that without any OT pay. He is a senior executive for the firm himself
As for the crumbling tradition. I may be wrong, but I think what crumbled isn't the tradition of working long hours, but the tradition of Long Hours = Life Long Job and good Compensation. Its just a fact today given the crazy economic situation globally.....