Thesis Employee Compensation O Henry The Roads We Take Essay
Also, under the Affordable Care Act employers with 50 or more employees are only required to provide health insurance to employees who work 30 or more hours a week.
Some businesses may cut employee hours to fewer than 30 per week to avoid paying for insurance.
Disadvantages of hourly pay Being paid hourly can potentially make your job or income more vulnerable.
If a company goes through tough times, your hours may be cut and your salary is not guaranteed.
Just as you have to consider the responsibilities of the job and the company culture, you must also consider the way you will be paid before accepting any position.
There are generally two options when it comes to compensation: salaried and hourly.
As mentioned earlier, the overtime rate is currently set at time-and-a-half your normal hourly rate, but many employers pay double time for holidays.It's not guaranteed, so if you choose an hourly position, make sure it's part of your contract.If you're in a well-compensated field with lots of overtime, you could make more than if you earned the same official pay on a salaried basis.The bottom line Each form of compensation comes with its pros and cons, but you may find that one works better for you.It's also important to consider your desired job field and the type of work you'll be doing before deciding whether salary or hourly pay will provide the fairest compensation for your efforts.