Simple math tells you that if you increase my work week by 50% ( 40 hrs to 60 hrs) you need to increase my weekly salary by 50 percent just to break even. Don't see too many 50% raises these days.
Must more be 150 percent increase. Because, as the above person mentions, you get no extra OT pay (which is usually 1.5x normal pay), but you also have a significant tax deduction. Other than that, I would not want to work 50% more, because it also means 50% less free time. No thank you.
Increase work week by 50% ( 40 hrs to 60 hrs) means total salary salary should be at least 100% of 40 hours plus 175% of 20 hours. ( My going rate for overtime.) I don't have to work overtime very often.
Yup. Don't accept a Salary position for less than double your hourly wage. Mandoratory unpaid overtime is evil and you deserve appropriate compensation for it
I've been in this exact situation. Upper management wanted an explanation so I broke out Excel and showed a little math. Further I showed HIM what he actually makes given a hypothetical 100k/yr salary and the 65 hr/week I see him working working. He left my cubicle with a furrowed brow.
That's what these bosses don't like, period. They do not like it when you prove that you understand their BS, comprehend it to the smallest of details, and then say, "Thanks, but no thanks. I'll stay where I am."
My first job back in the early 90's fresh out of electronics school was a salaried position. I had no idea what that meant until I was worked like a dog 65-70 hours one week and the next week would be a normal 40 hour week and getting the same amount of pay no matter how many hours over 40 I worked, but then one week I missed a day and the company had the nerve to deduct a day of pay from me. they expected me me to work over 40 with no compensation but I missed a day they did not want to pay me the salaried set amount. I quit after that paycheck.
If you are truly salaried you are FSLA exempt. They cannot deduct for missing a day. You are paid per annum. That means per year. You need to talk to HR.
*Pics up phone, calls bank* "Yes, hi, I'd like to pay my bills for the month. Do you accept 'prestige'? No? Okay then, thank you." *Turns back to boss* "I'll have to decline, but thanks anyway!"
I think the exchange rate at any Currency office for Prestige to Exposure is pretty much 1:1 these days. Oddly the exchange rate to actual money doesn't seem to be listed anywhere... except in the Manager's Handbook which us Employees are not supposed to see.
I once had a manager try to tell me i make more than she does cuz of overtime. She was working 40hrs a week. I did 250hrs of ot and still made less than she did by 3k. Employees not doing math is why they turn down promotions and then whine cuz bossman makes too much money.
The only differenxe iz no matter how many hourz you work on $alary you make the $ame amount….. if your hourz getz kut or you leave early gettin paid hourly you lo$e.
I work for a large corporation and it is the exact opposite there. The salaried employees work way less than the hourly employees. They have learned that when salaried employees are forced to work longer hours, they just quit and get new jobs. It does make more sense to just offer overtime to hourly employees who volunteer.
I was an engineer in a plant. They realized making people work 50-60 hour weeks on salary meant no one wanted to work there. By the end I'd usually have a hair over 40. Hourly employees could make as much BUT that's with overtime every other weekend (mandatory).
Growing up, all the adults in my life were hell bent on convincing me that salaries are a hallmark of "good jobs". After entering the workforce, you start to understand that salaries are just a way for employers to work the living dog shit out of you without having to pay you more.
Salaries can be, you just need to make sure the condition of work are suitable. I’m on a salary with a set 35 hours a week of work. Any overtime work you have to do gets built up, and you can take all of that time off when you want. So if you work 7 hours of overtime you can take a full day (or two half days) off while still getting paid for that day. This is a benefit of government work in Australia
I think it used to be different. That's why "adults" don't understand what's going on now, that's not how it was for them, everyone they knew, their parents perhaps, etc.
@@luront4195it’s still fully applicable though. When you consider a salaried job, the conditions of the contract are just as important as the actual salary.
When you get better paid and get more social benefits being an employee by the hour in the service industry rather than a translator or a language teacher :(
I was a salaried worker, and my contract specified a number of hours a week. I never understood why the company thought they could expect me to work unpaid overtime. Why put a number in the contract if it's not what they intended?
There are some criteria that can allow employers to duck the overtime laws through Salary positions, but they're pretty specific. Sadly, a lot of managers think that Salary is the business equivalent of 'Abracadabra'.
@@dereklynch8917 Exempt vs non-exempt, to be exempt from over time you must be a "manager" WITH people under you. Hourly gets time and a half where salary doesn't though.
@@PointBlank65 That is one of the ways in which you can become exempt from overtime. Another would be the type of job you have. If you don't meet one of those ways, then you are absolutely subject to time and a half overtime, same as an hourly worker. That is one of the reasons they stipulate a number of hours in your contract; that is what allows them to calculate a base rate of pay per hour, in case it should be necessary to calculate Overtime. Source: Been explaining this to small business owners who thought they found a way to cheat the system for a decade and a half.
Had the same argument when they tried to refresh my 20 year old contract and tried to put OT in my std salary "That's my free time, you're not getting that for free" -"Yeah but it's just to show a 'non 9-5 mentality'" "I have a 38 hour/week contract, you want me to work more for nothing, Fine,...but if I do my job in less than 38 hours, can I go home early? No, you'll be on my ass since you're paying me for 38 So yea, no! I'm not signing that new contract until you take that out"
I remember when my mom was switched to salary for second time in her life. The first time, she was pushing 60+ hours a week. She eventually quit because of exhaustion. At the second with a different company, she made it clear with her boss that if they switch her to salary, she will NOT be putting those kinds of hours in. She said she will work more as needed (like a special conference that needs extra attention), but that will not be a weekly occurrence. Fortunately, she was on great terms with her boss and colleagues, so they understood.
This is why I will never again accept a salaried position. A horrible supervisor kept adding more and more tasks to my already filled plate. When I refused, as I was already working, at the very least, 65 hours a week, she wrote me up. Also harassed me via phone calls, voice mails, emails, in person etc. HR refused to get involved. I soon left that company.
Look for those positions that pay overtime for salary. Mine does straight time for any approved hours worked on the weekend or when otherwise approved through special exemption. They rarely grant the exemption for weekday work, but we just work weekends every week.
If you're getting called regularly outside of work hours call a lawyer. Unless you're on call according to your contact you don't need to answer any of that and a good lawyer could get you paid overtime for all the time they call you outside of work
Lol, when I got offered a supervisor position back in my 20's, it came with a definite pay hike and as a salaried position, which my truly great manager described to me as "you don't get paid for overtime anymore." I did take it tho cus I rarely had to work overtime and they were utterly flexible with my schedule as long as I got my work done. It's not always a bad thing provided the company is not merely milking you.
This. I am salary. I do not work over 40 hours a week ever. And "work" is a relative term. But I work in a place where they like to treat the salaried employees the same as the hourly employees but with a few perks like not having to clock in and out and an hour lunch being "hourish as long as you don't abuse it regularly."
I did not know US "salary" is different than normal rest of the world. I am salary employee, but I get payed 50-100% extra per overtime hour depending on weekday or weekend.
@@Francis__Dyeah when I heard salaried people work 60 hours a week I immediately called bullshit. The salaried people who work for my company barely come to work and at most put in 20 hours a week.
If she worked 60 hours with hourly pay, she would get paid roughly 120k. So the company just wanted to save 35k. Usually hourly employees are paid 1.5x after 40 hours.
Prestige! Oh, we’re stealing your time and money but we’re giving you “prestige.” I just love Veronica. When I had been at a job for about 2 years, an opening in another part of the company opened and I applied. It had more upward mobility but the starting pay turned out to be about what I was making. Coworkers said to me “you’ll just have to accept it, if you want to move up.” I thought no. I’m not taking on a lot more work for the same money. That’s a pay cut. When they offered me the job I asked for what I wanted. Got it. Bottom line, you work for money. Any boss feeding you lines that other things are “more important than money” are snowing you. The test is, if they stopped paying you tomorrow, would you continue to work?
ANOTHER example of WAGE THEFT. Veronica was able to calculate on the spot. These companies have all sorts of ways to indirectly steal wages if you don’t know. SUPPORT UNIONS who stand up for you to be sure companies comply with employee rights!
Also don’t forget that if you’re in a Union, now you have to pay Union fees out of every paycheck. Sometimes it’s worth it depending on what they negotiate your pay for, but most times it’s not worth it. And @JohnSmith is right: don’t just rely on other people to stand up for your rights.
Unions are often just a scam and lure people in with false promises. It also often hurts managers those union employees are under, as well as coworkers. Not all unions are like this, I'm sure, but many of them do not actually care as much about the employee as they do themselves. And a lot of companies will be very harsh on union employees and find any reason to get them fired because dealing with a union is very expensive and tedious for them.
I remember being so excited about moving to a salaried position. It really does feel like a prestige thing. The shine wears off quickly and you realize there was nothing wrong with hourly. Idk to me it’s like this: when you’re salaried you have an expectation to work enough to prove you are worth the pay. When hourly you have an work and get paid appropriately based on what you put in.
I fell for this years ago when I was working a 50-70 hour work week, and was actually getting paid for it (not like previous jobs) because I was hourly. They saw how much I was consistently working for them, and realized that they could save money by making me salary. I was just excited to become more officially part of the team, that I never really considered I would actually be making less money. 😑 At least I got insurance and better benefits though? 🤷♀️
Most people also don’t realize that their commutes to work is also them working for their job for free, and paying for that gas for that commute also works against their payrate.
Exactly I drive an hour an 40 minutes every other day and they have the nerves to be working on a point system every minute to the t your late like things don’t happen even for under 7 minutes
I don't know.. I mean, don't get me wrong I would love to be paid for the 90 minutes (each way) I spend in the car when I've to go into the office, but how is that my employer's responsibility? If I lived say a 5 minute walk away that's still on me. The problems arise when employees can't afford to live closer to their jobs because of housing costs etc but that's more local authority/government or wider economic issue, no?
@@img00 I can't agree more. A business doesn't dictate that you live 90 minutes away, you choose to live 90 minutes away to live in a comfortable community of your choice.
This confuses me. I've always been salary at my jobs and rarely had to work over the traditional 40 hour week. I also accrue comp time and overtime pay, with great flexibility in my schedule (meaning I essentially get extra vacation time or time for appointments, which thank god because I have a ton of them). The pay may be less than some contractor gigs, but the flexibility, benefits, retirement, holidays, etc... way outweigh an hourly or contractor role, and you typically lose out in the long run with those, and that extra money does not make up for it. The recent hate towards salary seems pretty misguided
The hate towards salary is like the hate towards college - a misunderstanding combined with classism, and a few bad examples. Hourly means they literally count your minutes, and you have zero flexibility. Usually (not always) no/worse benefits too. Salaried positions are also usually the only thing available as you move up the ladder. So outside of some specific union trades, remaining hourly means giving up autonomy, career mobility, and any ambitions you might have. If that works for you now, fine, but it usually won't work well forever.
I'm an assistant store manager in a grocery store. We just got done with 2 days worth of work doing price resets. Everything went up from 5 cents to 50 cents. Not going to be any raises either. Thanks democrats.
Depends on the industry and specific job. As an HR director salaried employees over 30 tend to be less stressed. This isn’t a universal rule but since salaried exempt employees can not be docked pay if even ant work was performed that day (DOL Fact Sheet 17g) if you have: A medical condition requiring frequent doctor’s appointments A child with special needs or medical conditions requiring continuous appointments. Multiple court cases due to divorce or other issues. Elderly parents requiring intermittent care. Or any other reason where you need to dip out of the office frequently, being salaried keeps your personal life from costing you money or developing attendance issues where you can be disciplined. Especially when FMLA is only 12 weeks maximum and you need to work for your company for a year with 1250 hours clocked.
At my past job team leads (hourly) were making more money than supervisors (salary) as a consequence of mandatory overtime.This led to complaints and eventually the company put a cap on every postion. Once your pay cap was reached, a promotion was required to earn more money. Crazy thing is, at the cap the pay was so high that many leads still refused promotions because they didn't want to deal with the extra responsibilities that come with being a supervisor😂
Salaried employment implies to be made permanent full-time. It gives credit unions more leverage to find you better loans, enables salary packaging options like tax dodging, some share equity options, redundancy payouts, unionists protection, and as implied amd above else, job security. During an economic slowdown or downturn, you can keep your full pay. Casual (hourly) has very limited access to the above.
Going from temp to perm is a big benefit, but that is separate from hourly and salary. Salary is great if your job doesn't make you work a ton of hours. And studies show that having people work more than about 45-50 on a regular basis actually reduces efficiency and output starts dropping so a 60 hour employee is about as productive as a 40 hour one long term. I had a great salary job that was 40 hours, but quarterly and annual reports meant about 60 hours one week per quarter and once a year. Not bad at all.
Yeah this is all nonsense, I am a unionized hourly worker. I earn .03 days pto for everyday I work, dont pay into medical or 401k, the company I work for also pays into a union pension plan. Salaried workers suffer much more exploitation than avg unionized hourly staff
On the one hand, she’s right. On the other, if salaried positions come with medical cover, pension included, and tax exemptions of some sort (which can very depending on what job you’re doing and which country you’re in) they’re sometimes still a better deal overall. Not to mention less paperwork and headache. All of that can be overcome with practice though, and frankly, yeah, the only way I’d take a (traditional) salaried position over an hourly one is if it came with complete security and tenure.
Alit of salaried jobs have tax write offs you can utilize too, all my vehicular expenses plus a portion of home expenses I usually get 5-7k back in taxes
@@FundyisleLegacyI thought you can't write of most of those anymore tho, I used to write off gas for traveling to work and back but was told by H&R I couldn't do that anymore
@@just_your_localguard9612 not sure how it works with gas because that provided by the company anyway in my case, I think for everyone else it’s a set amount per mile for work that’s outside your usual commute, could be different where I’m in Canada too
As a salaried employee, I don't have to watch the clock when getting ready for my commute, as long as I hit the core hours between 9 and 4. When my work is done, I leave. Some days that's after 6 hours, others after 10. And I don't have to clock in and out.
As an hourly employee i work the core hours, grab overtime anytime i want because nowhere likes to keep a fully staffed building and its constantly needed and usually appreciated, can actually take off when i want to because i havent been "prepaid" for the hours ill miss, im not on 24/7 call, and im actually rewarded for the overtime i give them willingly. Salaries only benefit the people paying it
@GaMeRfReAkLIVE the thing about not keeping a fully staffed building may mean you're doing additional work. I can't say about your situation but in service jobs that's a nightmare that overtime can not compensate for. Understaffing causes immense workload and stress for the few people who "choose" to make overtime. It's honestly the worse part of healthcare. You'll never be able to meet the patients needs alone, your ot pay still gets eaten up by bills and all you got in return is depression and an achy body smh
The prestige of the salaried pay comes from the *comparatively* higher wage vs the hourly pay. Veronica was right to do the calculations of the wage and hours of both to show us one of capitalism’s tricks to squeeze more time out of us for less money.
Capitalism is based on supply and demand. If it doesn’t work, people will stop using that method. It’s also based on motivation, you work, harder, or have more valuable skills, you get paid more and get to keep more . So blaming this on capitalism is crazy. Socialism is crazy- people do less work because they’re getting paid the same regardless. Or if you do work harder and make more, they take away the extra in taxes and give it to people who didn’t work as hard
Veronika forgot about retirement contributions and other benefits in her snarky little calculation, not to mention paid time off and hours flexibility for things like medical appointments
I love being salaried. I can go to a doctors appointment in the middle of the day with no impact to pay. I can come in late/early with no impact. I can even be sick an entire day with no impact. Still work at most 40 hours a week. Love the people who have never worked a salary job saying it’s bad. That’s funny. That’s like me never having steak yet saying it taste bad hahah
@@jsbmx2039 you sound so goofy. Go get a corporate/salary job first then come back. Yes salary employees get PTO. I get 3 weeks, 2 holidays, 2 personal that I can use whenever with unlimited sick since I’m salaried. I’ve worked both salaried and hourly jobs and definitely salary is better but go on goofy. Try harder.
I think we are lucky to work for a company that doesn’t abuse their employees. I am salaried and work less hours than when I was hourly and get paid more, have more hours of pto and more flexibility in my days. Some people don’t know that not all companies are abusive.
Yes and no. There are huge benefits to being salaried. Usually it comes it more vacation time etc. not to mention if you miss work you still get paid. I get what they’re saying though, sometimes it doesn’t make sense to switch
No, it is not. It goes between 40 h/w and 37,5 h/w, the latter not including paid lunch break. Doable and fair enough. Alas, we are far from 32 h/w, unfortunately.
Easy solution here is simply to get it in your contract that you work 40 hours a week, and that hours beyond that will be compensated at your previous overtime rate.
@@gusmonster59 My employer does it, but then I'm part of a local union with almost 700 members, and which is an affiliate of a national professional union with over 1.7 million members. Unionize. Get the compensation that you deserve. My employment contract obligates me to only 30 hours a week, and also entitles me to extra pay for hours worked in excess of 550 within any given 14 week period (that adds up to just shy of 40/week). Every seven paychecks, I can choose to tally up my hours, and if it exceeds 550, then I get paid prorated time-and-a-half for those additional hours. That said, it never, ever happens. Most weeks I don't even work the required 30. I'm PRESENT the required 30, but not working the whole time. Every once in a while I'll put in one week of 40+ hours, but with all the hours I'm NOT working the other 90% of weeks, it's not worth tracking the hours. I'm also not an idiot - they'd probably nitpick over every little hour if I ever did do that, so getting the extra pay would be like pulling teeth. But it's nice to know that it's in my contract.
@@aucklandqueenstown freelancers work when they want and charge what they want to be employed is to be a slave we work for money and freedom less is more when it comes to working
I went from hourly to salary when I was young as it was how to climb the corporate ladder. Then my industry changed and my work became contracted basis and that is hourly. As an hourly paid contractor no one wanted me to work overtime. Life was good again!!
In most major cities and with the economy and inflation/cost of living just getting worse, $70k & $80k ain’t shit either. It just SOUNDS like a lot, but it isn’t. It especially ain’t shit in the Bay Area or NY.
@@Too.Cool.ForCardi it’s never about the amount it’s about how you manage your money. $70 and $85k is great if you don’t live ABOUT your means…it’s people making $260k but since they live ABOVE their means that amount doesn’t SEEM like much either.
@@missbae_: How much a person makes is EQUALLY as important and helps DETERMINE their ability to save. In most people’s cases, they aren’t making anywhere near $100k or $200k nor were we talking about those who do and most people aren’t living high on the hog. Also, as I mentioned before, salary is relative to other factors like cost of living and the economy, so what SEEMS like a lot to someone else, maybe isn’t because of where that person lives. Also, most people barely make enough to cover regular bills and are one or two paychecks away from being poor. It’s VERY common for folks need two and three jobs to earn any sort of REAL living, which is ridiculous, let alone be able to really save. Money and how much a person earns most certainly counts and comes before just how much they save or spend.
@@joecarter2727: Uhhh….last time I checked, kids are NOT the ONLY expensive or significant cost people may have to worry about. Even if someone is single and/or doesn’t have any kids, it doesn’t mean they may not have other expenses and bills to take care of and affect them.Everyone has different circumstances and deals with different expenses and things in their lives. What might work for you and your life, might not work for someone else depending on their situation.
That's the part a lot of folks don't understand. Hourly as a career only makes sense when you have a union contract that specifies who gets OT and how much of a premium it pays. If you're non-union and hourly, you're just subject to getting beat (hours dropped, few/no benefits, little chance at advancement, etc).
@@mandisawdoing it hourly also means you are more replaceable, they just have to find someone that is willing to do your job for less and the next day suddenly they don't need you doing as many hours and that disrupts any routine, sense of stability and plans that you might have had, until the point that you are forced to "quit".
So I live in Canada, every Salaried position I've ever SEEN, heard about, or had, has your 'work hours' listed. 7:30 am to 4:30 pm. Your basic 40 hour package is part of your contract, anything BEYOND that.... Is still OVERTIME pay and they typically do NOT want that, so usually Salary is only manager and above to a bunch of 'hourly' workers that they usually don't employ long enough that if they have to call them in for extra shifts they need like two full shifts to get CLOSE to overtime... Has that changed in the last decade or so? I've been in the Military for 20 years so, I might be out of date.
times have definitely changed even in Canada, especially since a ton of companies are global. I work as a salaried systems engineer for shopify and my contract specified needing to be on call for all projects at all times. sometimes that's the minimum 40 hour week, sometimes it's 60 or 70 or even more depending on deadlines. Canada has definitely changed
The jobs I've had in Canada were/are like this. I moved to a US company a couple years ago after a layoff for what seemed like a big pay bump, and it was such a culture shock. They wanted so much overtime AND that I document every second of my day. Moved back to a Canadian job as quickly as I could escape hahaha
🤣🤣🤣🤣😂😂😂😂🙏❤ This. Is. TOTALLY. Me. I've rejected 3 promotions over the years, because I refuse to give my time/life away. Nobody understands why I don't want the "prestige" of a management position... No thanks, I'm good. 😂
🤣 It's just like when I was in the Army, my NCOIC wanted to promote me from Specialist to Corporal. I told her no, Specialist and Corporal are the same pay grade E-4 except a Corporal is an NCO. When something is not done right or finished by the end of the day formation, the First Sergeant makes the NCO's stay to fix it while the Specialist and below go home. I want E-5 pay, Sergeant rank, for NCO responsibilities.🤣🤣
Also, though, with a salary you get paid the same each month/pay period which makes it easier to manage bills. Plus you don't lose money if you have to miss work. However, the rise of PTO for hourly workers, which really didn't begin until the mid oughts, has made the salary kind of useless. If you can work hourly, get overtime past 40 hours, and still get PTO for when you miss or get sick, then the salary is sort of dead.
Let me break it down. Hourly means you get paid for your time, not necessarily your work. No thinking required. Salaries is more of a contract you agree on. If you can negotiate a good contract then salaried makes sense. This video takes the POV of an hourly worker who just gets paid to be there. Under a good salary contract you have goals to meet with bonuses for meeting them in a time frame. Think of a professional athlete contract.
Next week’s episode-Veronica gets placed on a performance review and evaluation. They have IT put a keystroke monitor on her keyboard. And she’s let go in 30 days 😂.
Run Veronica! Run. I made that change from hourly to salary, exact same numbers and regret it. I went from having an actual lunch hour to eating at my desk, if I even take lunch at all. I never ever ever get out at a decent time. Not worth it.
NO ONE is making 77k as an hourly employee in most states. LOL. Veronica always sounds like she would be in the unemployment line. 😂. Shes PAINFULLY obvious
my dad tried to make the same argument to me, and he never made it far in corporate life.... I make $350K a year. Don't be short-sighted people; it pays off.
I'm hourly and I have PTO. If I'm coordinating an event I'm paid overtime. When it's time to leave I'm out the door. I was upset for not being salaried because the old school thought is that it's prestigious. Well I'm prepared at the Master's level and working hourly has worked well. My parents were salaried, as they taught us "You're working to life not living to work." Enjoy your life. When you retire you may not have that chance.
This one hits a little close to home for me. I currently work a position that is still hourly, making very good money as well as still get overtime pay, and I enjoy my job. However, I dread the day that they decide to make me salary, as I could loose out on almost 200hrs of overtime pay when that happens...
In NYS your job description has to show that you can make your own decisions about when to work (over simplification) and other responsibilities that elevate you above the rank and file. If you don't have that kind of control then you must be hourly paid, with pay for overtime.
Not all salaried jobs are the same. At a large corporation I worked for, the work/life balance was great. Sure, there were some days where more hours had to be put in but that was an exception. Normal days were not busy at all. People with contracts on the other hand were hired and let go on constant basis.
I went from 60k hourly to 83k salary at my current job (Via promotion) and I can solidly say I would much rather work 60 hours salaried, than 40 as an hourly employee. Those 60 feel more like 30 because you're able to slack off for half your day or more and still get paid, lol.
Pretty much what happens in my field! Lock in salaried wages for when it’s busy and then when work slows down they lay off just enough people to maintain the slower workload.
That's not true, even remotely. Not a single person in any company I've ever worked at got paid hourly. That's only certain types of very niche industries that do that.
I know a girl that was tricked and to becoming a salary pay. She didn't read the fine print and they lied to her and told her that she would probably not work more than 40 hours a week when in reality they had her working and the average of 110 hours per week and when she did the number she was making about half the pay per hour that she used to make. She was literally sleeping in her car in the parking lot because it took her almost an hour to get back home and then an hour to get back to work and she wasn't getting any sleep. She told the office that she wanted to go back to hourly pay and they told her that she would have to quit working for them and then reapply.... so she quit working and went to reapply and they told her there's no position open for her now. This is what the big corporate world is about now.... screw the working class any way they can
Grateful for where I work, when you go salary the pay bump is substantial. About 30k bump in base and the annual bonus goes from 10% base to 20% base so it's like 60 or 70k more and you can take 2 work from home days a week when salary. Also most weeks they are 40 and out, it's only emergencies that they work extra hours.
Yeah idk, I have never met a salaried person that worked 30 hours/week never mind 65. Where I live, becoming salaried is a boon because you not only get a pay increase but you also get to work less and take time off whenever you want to….at least that’s what I’ve observed.
In my current hourly position, we’re often encouraged/expected to pursue a salaried, managerial position. Would turn out to be a very similar outcome to this video. 60 hours wouldn’t be an expectation in theory, but realistically, to get everything done, and when considering I’d be “on call” 24 hours a day, I’d probably end up working 60+ hours a week. Meanwhile, in my hourly position, I can CHOOSE to work overtime whenever I decide I want to.
You do realize she was doing a breakdown of the value of her time, right? Her bank and pocketbook would still see the $15,000 raise. I work a salaried position, and there are times that I put in the overtime, but I also get paid a full check when I miss days. I can also come and go during the day for appointments without my pay getting docked. The same with coming in late or leaving early. If we work OT, we can ask to have time off during that pay period to offset it. We often don't even work overtime. Plus, we still get holidays, PTO, etc.
@@jenx5870 Not only do I work a salaried position, I have for over 20 years and manage many others, both hourly and salaried employees. In my case, as with most other salaried employees, I must work at least one hour in each workday to be paid without the need for taking PTO. I also get comp time at a 1:1 basis for cases when I must be in the workplace for more than 40 hours in a workweek. However, my hourly employees get compensated at 1:1.5 for any hours over 40 in a workweek they are compelled to work. Also, this video made it clear that salaried employees in this case are required to work 60 hours per week, whereas it is obvious that the hourly employees were only working 40. This means that that her company was offering her a pay cut, not a pay raise. Your asked me if I understood that she was doing a breakdown of the value of her time and that, in the end, she'd be making more. Of course, but looking at it on a time basis is exactly how one should look at it. Her off time is just as valuable as her work time is. Why would she sell it to a company for less than the $33 per hour she sells her 40 hours? In my opinion, she's be stupid to yes to the promotion.
To be fair, salaried employees get health benefits and a pension/retirement. As far as I know, hourly employees do not usually have any benefits unless they buy them for full price.
Honestly at this point i wouldn't mind it, been working in trades since I was 20 or so, honestly hate it, would prefer job where I can sit on my butt and just copy thing all day
Excellent job by that employee of focusing on the very short run rather than long term upside. If an associate ever took that position when I made the offer, I’d be fine with it, but future promotions are basically off the table.
The two salaried positions I had did not measure my time I worked, but my output. So as long as I kept deadlines and completed projects, I could come in a couple minutes late, or leave early or take full hour lunches. Which wasn't a problem because I always level-set the expectations of my coworkers, had hyper focus to knock out work quickly, and communicated what was going on straight up. Plus, they never counted my sick days (about 1 a month due to cramps). But every hourly position has been so regimented, half hour lunch, 3 or fewer sick days a year, keeping me just under hours so no fulltime benefits, switching schedules last minute, no allowance for traffic or weather without being written up for tardiness, no ability to respond to emergencies at home without begging a supervisor... I always wondered why people liked hourly. I couldn't do it. My work only comes home with me at specific high value times of the year, so I value the flexibility of my time on salary and actually have a better work/life balance. Your hours should even out over the year to 40 per week. You do sixty one week? Do 20 the next. stick with the hours you agreed on per paycheck, not their loophole expectations.
It is if your salary includes paid leave. Sure, if you work a 60 hour week you get paid the same as 40. But it also means if you 're away sick for a day and only work 30 hours that week you still get paid the same salary. If you don't get that, I don't know why anyone would choose salary.
Been there! Unfortunately, management DOESN'T inform you UPFRONT that you'll be working 60hrs/week. Instead, they say a salaried position is a "standard" 40hrs/week. Yea, good luck seeing only 40!
I give one of the managers where i work shit about this often. When he mentions how late he has to work i just remind him "but just think of all of the OT you'll be making." He goes quiet.
She also didnt talk about, what happens when you have to leave early for an appointment or your kid gets sicks. Say youre supposed to work 11-8 but have to leave at 4 and your hourly. That money is taken from you, its a plus and minus to everything. But from My experience and the companies ive worked for ill take salary any day
I got promoted to a salary position once and HR forgot to take me off hourly. Quit the next month and boss was shaking when he handed me that last check
My landlord doesn’t accept prestige.
PREACH!!!!!!!
😂😂😂👍👍
😂😂
Lol, that was good 👏
Yahhh buddy!☝🏼
Simple math tells you that if you increase my work week by 50% ( 40 hrs to 60 hrs) you need to increase my weekly salary by 50 percent just to break even. Don't see too many 50% raises these days.
Would have to be more as overtime would be at time and a half .Minimum.
Must more be 150 percent increase. Because, as the above person mentions, you get no extra OT pay (which is usually 1.5x normal pay), but you also have a significant tax deduction.
Other than that, I would not want to work 50% more, because it also means 50% less free time. No thank you.
Increase work week by 50% ( 40 hrs to 60 hrs) means total salary salary should be at least 100% of 40 hours plus 175% of 20 hours. ( My going rate for overtime.) I don't have to work overtime very often.
Yup. Don't accept a Salary position for less than double your hourly wage.
Mandoratory unpaid overtime is evil and you deserve appropriate compensation for it
I got a 1.2% raise of 45C this year I immediately started putting in applications to other places and ended up going up another 6 to 24 and hour 😅
I've been in this exact situation. Upper management wanted an explanation so I broke out Excel and showed a little math. Further I showed HIM what he actually makes given a hypothetical 100k/yr salary and the 65 hr/week I see him working working. He left my cubicle with a furrowed brow.
You even told him what he makes?? 😂
The truth is a painful reality for some people. Congrats on not getting conned.
That's what these bosses don't like, period. They do not like it when you prove that you understand their BS, comprehend it to the smallest of details, and then say, "Thanks, but no thanks. I'll stay where I am."
From another country... When on hourly, do you get paid for vacations and sick leaves?
@@ProjectExMachinafor both hourly and salary wages it depends on the company for the amount of sick leave and what holidays you get for the year.
My first job back in the early 90's fresh out of electronics school was a salaried position. I had no idea what that meant until I was worked like a dog 65-70 hours one week and the next week would be a normal 40 hour week and getting the same amount of pay no matter how many hours over 40 I worked, but then one week I missed a day and the company had the nerve to deduct a day of pay from me. they expected me me to work over 40 with no compensation but I missed a day they did not want to pay me the salaried set amount. I quit after that paycheck.
It is illegal to dock pay from a salary worker if they work less than 40. That's the deal since they're exempt from getting paid overtime.
@@SmellslikegelflingI was thinking that…. It’s the whole point of being salaried. No matter how many or how few hours you work, the check is the same.
@@SmellslikegelflingIt's not illegal if they miss a full day, according to the FLSA.
If you are truly salaried you are FSLA exempt. They cannot deduct for missing a day. You are paid per annum. That means per year. You need to talk to HR.
@geoffh1 you might want to point to where in FLSA because salaried employees are FLSA EXEMPT
*Pics up phone, calls bank*
"Yes, hi, I'd like to pay my bills for the month. Do you accept 'prestige'? No? Okay then, thank you."
*Turns back to boss*
"I'll have to decline, but thanks anyway!"
GREAT response!
I think the exchange rate at any Currency office for Prestige to Exposure is pretty much 1:1 these days. Oddly the exchange rate to actual money doesn't seem to be listed anywhere... except in the Manager's Handbook which us Employees are not supposed to see.
That's some good sarcasm 🤣
Who tf has bills from their bank? If you're even paying a yearly fee for the account you gotta switch banks Bro. This is crazy
@@joel.ha. People with mortgages are paying bills too the bank.
Yes, employees don't do math, then get ripped off.
They hate it when employees can do the math and call them out~
I may not be a fan of math but it becomes my strong suit, when labor is involved.
There are two kinds of people in the world: Those who can do math, and those who are exploited by those who can do math.
I once had a manager try to tell me i make more than she does cuz of overtime.
She was working 40hrs a week.
I did 250hrs of ot and still made less than she did by 3k.
Employees not doing math is why they turn down promotions and then whine cuz bossman makes too much money.
The only differenxe iz no matter how many hourz you work on $alary you make the $ame amount….. if your hourz getz kut or you leave early gettin paid hourly you lo$e.
I work for a large corporation and it is the exact opposite there. The salaried employees work way less than the hourly employees. They have learned that when salaried employees are forced to work longer hours, they just quit and get new jobs. It does make more sense to just offer overtime to hourly employees who volunteer.
That has overwhelmingly been my experience as well in tech
What company is that? I need to work there 😅
Agreed. And they don't like hiring and training new managers
Depends on what industry. In a warehouse and healthcare industry, being a salaried employee is a scam.
I was an engineer in a plant. They realized making people work 50-60 hour weeks on salary meant no one wanted to work there. By the end I'd usually have a hair over 40. Hourly employees could make as much BUT that's with overtime every other weekend (mandatory).
So happy to live in country where 60 hours a week is simply against the law.
Where😂😂😂😂😂😂😂 I use to work 8am to 12 am
Clearly you’re not an American.
@@clydecash5659 German
Some of us love that overtime pay here.
@@todayslist37737 But working overtime is not good for you physically or mentally and it’s definitely not good for your family.
Growing up, all the adults in my life were hell bent on convincing me that salaries are a hallmark of "good jobs". After entering the workforce, you start to understand that salaries are just a way for employers to work the living dog shit out of you without having to pay you more.
Salaries can be, you just need to make sure the condition of work are suitable. I’m on a salary with a set 35 hours a week of work. Any overtime work you have to do gets built up, and you can take all of that time off when you want. So if you work 7 hours of overtime you can take a full day (or two half days) off while still getting paid for that day. This is a benefit of government work in Australia
@@Dayman98 My comment is more applicable to corporate America
I think it used to be different. That's why "adults" don't understand what's going on now, that's not how it was for them, everyone they knew, their parents perhaps, etc.
@@luront4195it’s still fully applicable though. When you consider a salaried job, the conditions of the contract are just as important as the actual salary.
When you get better paid and get more social benefits being an employee by the hour in the service industry rather than a translator or a language teacher :(
I was a salaried worker, and my contract specified a number of hours a week. I never understood why the company thought they could expect me to work unpaid overtime. Why put a number in the contract if it's not what they intended?
There are some criteria that can allow employers to duck the overtime laws through Salary positions, but they're pretty specific. Sadly, a lot of managers think that Salary is the business equivalent of 'Abracadabra'.
@@dereklynch8917 Exempt vs non-exempt, to be exempt from over time you must be a "manager" WITH people under you.
Hourly gets time and a half where salary doesn't though.
@@PointBlank65 That is one of the ways in which you can become exempt from overtime. Another would be the type of job you have.
If you don't meet one of those ways, then you are absolutely subject to time and a half overtime, same as an hourly worker.
That is one of the reasons they stipulate a number of hours in your contract; that is what allows them to calculate a base rate of pay per hour, in case it should be necessary to calculate Overtime.
Source: Been explaining this to small business owners who thought they found a way to cheat the system for a decade and a half.
Had the same argument when they tried to refresh my 20 year old contract and tried to put OT in my std salary
"That's my free time, you're not getting that for free"
-"Yeah but it's just to show a 'non 9-5 mentality'"
"I have a 38 hour/week contract, you want me to work more for nothing, Fine,...but if I do my job in less than 38 hours, can I go home early? No, you'll be on my ass since you're paying me for 38
So yea, no! I'm not signing that new contract until you take that out"
Once you're beyond probation you should just work your standard hours. Look, most jobs aren't that busy anyway and life is too short.
I remember when my mom was switched to salary for second time in her life. The first time, she was pushing 60+ hours a week. She eventually quit because of exhaustion.
At the second with a different company, she made it clear with her boss that if they switch her to salary, she will NOT be putting those kinds of hours in. She said she will work more as needed (like a special conference that needs extra attention), but that will not be a weekly occurrence.
Fortunately, she was on great terms with her boss and colleagues, so they understood.
That’s a normal salaried job. Veronica always gets the worst offers.
This is why I will never again accept a salaried position. A horrible supervisor kept adding more and more tasks to my already filled plate. When I refused, as I was already working, at the very least, 65 hours a week, she wrote me up. Also harassed me via phone calls, voice mails, emails, in person etc. HR refused to get involved. I soon left that company.
Look for those positions that pay overtime for salary. Mine does straight time for any approved hours worked on the weekend or when otherwise approved through special exemption.
They rarely grant the exemption for weekday work, but we just work weekends every week.
HR is NEVER your friend. Don't let them ruin your life.
Salary is awesome
With paid overtime.
If you're getting called regularly outside of work hours call a lawyer. Unless you're on call according to your contact you don't need to answer any of that and a good lawyer could get you paid overtime for all the time they call you outside of work
Yes best to change jobs. Better than any promotion imo
Lol, when I got offered a supervisor position back in my 20's, it came with a definite pay hike and as a salaried position, which my truly great manager described to me as "you don't get paid for overtime anymore." I did take it tho cus I rarely had to work overtime and they were utterly flexible with my schedule as long as I got my work done. It's not always a bad thing provided the company is not merely milking you.
This. I am salary. I do not work over 40 hours a week ever. And "work" is a relative term. But I work in a place where they like to treat the salaried employees the same as the hourly employees but with a few perks like not having to clock in and out and an hour lunch being "hourish as long as you don't abuse it regularly."
I did not know US "salary" is different than normal rest of the world. I am salary employee, but I get payed 50-100% extra per overtime hour depending on weekday or weekend.
Ikr! My contract requires 40 hrs** a week. Never heard of salary position requiring more. Some weeks I barely put in 30.
@@Secretagent71114some companies allow you to take "half days" without requiring the use of PTO as salaried.
@@Francis__Dyeah when I heard salaried people work 60 hours a week I immediately called bullshit. The salaried people who work for my company barely come to work and at most put in 20 hours a week.
"Prestige is a code word for more work". So very true
If she worked 60 hours with hourly pay, she would get paid roughly 120k. So the company just wanted to save 35k. Usually hourly employees are paid 1.5x after 40 hours.
1:18 …aaand here comes the shaming and gaslighting. 🤦♀️
Prestige! Oh, we’re stealing your time and money but we’re giving you “prestige.” I just love Veronica. When I had been at a job for about 2 years, an opening in another part of the company opened and I applied. It had more upward mobility but the starting pay turned out to be about what I was making. Coworkers said to me “you’ll just have to accept it, if you want to move up.” I thought no. I’m not taking on a lot more work for the same money. That’s a pay cut. When they offered me the job I asked for what I wanted. Got it. Bottom line, you work for money. Any boss feeding you lines that other things are “more important than money” are snowing you. The test is, if they stopped paying you tomorrow, would you continue to work?
Maybe they can give her a nice plaque to hang on the wall, "Employee of the month" or something like that?
ANOTHER example of WAGE THEFT. Veronica was able to calculate on the spot.
These companies have all sorts of ways to indirectly steal wages if you don’t know.
SUPPORT UNIONS who stand up for you to be sure companies comply with employee rights!
NEVER rely on others to stand for YOUR OWN rights.
Also don’t forget that if you’re in a Union, now you have to pay Union fees out of every paycheck. Sometimes it’s worth it depending on what they negotiate your pay for, but most times it’s not worth it. And @JohnSmith is right: don’t just rely on other people to stand up for your rights.
Unions are often just a scam and lure people in with false promises. It also often hurts managers those union employees are under, as well as coworkers. Not all unions are like this, I'm sure, but many of them do not actually care as much about the employee as they do themselves. And a lot of companies will be very harsh on union employees and find any reason to get them fired because dealing with a union is very expensive and tedious for them.
@xkerchx It really ain't that simple. You can spot a scam like this as an individual, but unions can actually *bargain for change* when needed.
I remember being so excited about moving to a salaried position. It really does feel like a prestige thing. The shine wears off quickly and you realize there was nothing wrong with hourly.
Idk to me it’s like this: when you’re salaried you have an expectation to work enough to prove you are worth the pay. When hourly you have an work and get paid appropriately based on what you put in.
I fell for this years ago when I was working a 50-70 hour work week, and was actually getting paid for it (not like previous jobs) because I was hourly. They saw how much I was consistently working for them, and realized that they could save money by making me salary. I was just excited to become more officially part of the team, that I never really considered I would actually be making less money. 😑 At least I got insurance and better benefits though? 🤷♀️
Yeah, don't take salaried jobs if at all possible. You end up working all day and night every day and night.
And be at the company’s beck and call 24/7
I work salary and none of the sort lol
Only in the US.
@@sinceslicedbread7422 Someone has to support the lifestyle of a European.
Exactly!… this happened to me…. Now the word “salary” is a dirty word to me!… never again
Actually, Veronica, you’re way too smart and savvy for this job. You really, really need to be applying for executive roles!
Most people also don’t realize that their commutes to work is also them working for their job for free, and paying for that gas for that commute also works against their payrate.
90 miles round trip for me.
Exactly I drive an hour an 40 minutes every other day and they have the nerves to be working on a point system every minute to the t your late like things don’t happen even for under 7 minutes
Amen....
I don't know.. I mean, don't get me wrong I would love to be paid for the 90 minutes (each way) I spend in the car when I've to go into the office, but how is that my employer's responsibility?
If I lived say a 5 minute walk away that's still on me. The problems arise when employees can't afford to live closer to their jobs because of housing costs etc but that's more local authority/government or wider economic issue, no?
@@img00 I can't agree more. A business doesn't dictate that you live 90 minutes away, you choose to live 90 minutes away to live in a comfortable community of your choice.
This confuses me. I've always been salary at my jobs and rarely had to work over the traditional 40 hour week. I also accrue comp time and overtime pay, with great flexibility in my schedule (meaning I essentially get extra vacation time or time for appointments, which thank god because I have a ton of them). The pay may be less than some contractor gigs, but the flexibility, benefits, retirement, holidays, etc... way outweigh an hourly or contractor role, and you typically lose out in the long run with those, and that extra money does not make up for it. The recent hate towards salary seems pretty misguided
The hate towards salary is like the hate towards college - a misunderstanding combined with classism, and a few bad examples. Hourly means they literally count your minutes, and you have zero flexibility. Usually (not always) no/worse benefits too. Salaried positions are also usually the only thing available as you move up the ladder.
So outside of some specific union trades, remaining hourly means giving up autonomy, career mobility, and any ambitions you might have. If that works for you now, fine, but it usually won't work well forever.
It depends on the company. Some don’t care if you don’t fulfil the 40 work hour per week, other will notice and start handing more work to you.
I wish I made $33/hrs. Hell, I wish I made $27/hr.
Same 😭
Sorry
Give it time you will.
@@smokeymcpot4038 Keep smoking
Learn some skills.
Sorry my grocery store doesn’t accept prestige and their prices seem to keep rising so less pay for more work and prestige? Lol im good
I'm an assistant store manager in a grocery store. We just got done with 2 days worth of work doing price resets. Everything went up from 5 cents to 50 cents. Not going to be any raises either. Thanks democrats.
Depends on the industry and specific job. As an HR director salaried employees over 30 tend to be less stressed. This isn’t a universal rule but since salaried exempt employees can not be docked pay if even ant work was performed that day (DOL Fact Sheet 17g) if you have:
A medical condition requiring frequent doctor’s appointments
A child with special needs or medical conditions requiring continuous appointments.
Multiple court cases due to divorce or other issues.
Elderly parents requiring intermittent care.
Or any other reason where you need to dip out of the office frequently, being salaried keeps your personal life from costing you money or developing attendance issues where you can be disciplined. Especially when FMLA is only 12 weeks maximum and you need to work for your company for a year with 1250 hours clocked.
Very true. Salary can be a great position to be in or a nightmare depending and what you do and who you work for.
I would say that if your employer wants you to go salary, that's a huge red flag.
At my past job team leads (hourly) were making more money than supervisors (salary) as a consequence of mandatory overtime.This led to complaints and eventually the company put a cap on every postion. Once your pay cap was reached, a promotion was required to earn more money. Crazy thing is, at the cap the pay was so high that many leads still refused promotions because they didn't want to deal with the extra responsibilities that come with being a supervisor😂
Salaried employment implies to be made permanent full-time. It gives credit unions more leverage to find you better loans, enables salary packaging options like tax dodging, some share equity options, redundancy payouts, unionists protection, and as implied amd above else, job security.
During an economic slowdown or downturn, you can keep your full pay.
Casual (hourly) has very limited access to the above.
Going from temp to perm is a big benefit, but that is separate from hourly and salary. Salary is great if your job doesn't make you work a ton of hours.
And studies show that having people work more than about 45-50 on a regular basis actually reduces efficiency and output starts dropping so a 60 hour employee is about as productive as a 40 hour one long term. I had a great salary job that was 40 hours, but quarterly and annual reports meant about 60 hours one week per quarter and once a year. Not bad at all.
Yeah this is all nonsense, I am a unionized hourly worker. I earn .03 days pto for everyday I work, dont pay into medical or 401k, the company I work for also pays into a union pension plan. Salaried workers suffer much more exploitation than avg unionized hourly staff
On the one hand, she’s right. On the other, if salaried positions come with medical cover, pension included, and tax exemptions of some sort (which can very depending on what job you’re doing and which country you’re in) they’re sometimes still a better deal overall. Not to mention less paperwork and headache.
All of that can be overcome with practice though, and frankly, yeah, the only way I’d take a (traditional) salaried position over an hourly one is if it came with complete security and tenure.
Alit of salaried jobs have tax write offs you can utilize too, all my vehicular expenses plus a portion of home expenses I usually get 5-7k back in taxes
Exactly but people only worry about the money and not look that the company pays your bills for medical, paid leave and life insurance.
@@FundyisleLegacyI thought you can't write of most of those anymore tho, I used to write off gas for traveling to work and back but was told by H&R I couldn't do that anymore
@@just_your_localguard9612 not sure how it works with gas because that provided by the company anyway in my case, I think for everyone else it’s a set amount per mile for work that’s outside your usual commute, could be different where I’m in Canada too
Not to mention how heavily taxed hourly overtime is. After a certain amount, you’re making less. She will realize it later. Bless her heart
That nervous “hey” at the beginning is everything 😂
As a salaried employee, I don't have to watch the clock when getting ready for my commute, as long as I hit the core hours between 9 and 4. When my work is done, I leave. Some days that's after 6 hours, others after 10. And I don't have to clock in and out.
Exactly right
As an hourly employee i work the core hours, grab overtime anytime i want because nowhere likes to keep a fully staffed building and its constantly needed and usually appreciated, can actually take off when i want to because i havent been "prepaid" for the hours ill miss, im not on 24/7 call, and im actually rewarded for the overtime i give them willingly. Salaries only benefit the people paying it
That depends on the job, too... You can have flexibility depending on the department you work in, and some only allow flexibility within one week.
@GaMeRfReAkLIVE the thing about not keeping a fully staffed building may mean you're doing additional work. I can't say about your situation but in service jobs that's a nightmare that overtime can not compensate for. Understaffing causes immense workload and stress for the few people who "choose" to make overtime. It's honestly the worse part of healthcare. You'll never be able to meet the patients needs alone, your ot pay still gets eaten up by bills and all you got in return is depression and an achy body smh
Yes. This is my situation too. Some days, I can be done in 4-5 hours. I’m blessed to say that I rarely hit 40hrs total at all.
The prestige of the salaried pay comes from the *comparatively* higher wage vs the hourly pay.
Veronica was right to do the calculations of the wage and hours of both to show us one of capitalism’s tricks to squeeze more time out of us for less money.
Capitalism is still far better than socialism/communism.
Capitalism is based on supply and demand. If it doesn’t work, people will stop using that method. It’s also based on motivation, you work, harder, or have more valuable skills, you get paid more and get to keep more . So blaming this on capitalism is crazy. Socialism is crazy- people do less work because they’re getting paid the same regardless. Or if you do work harder and make more, they take away the extra in taxes and give it to people who didn’t work as hard
Veronika forgot about retirement contributions and other benefits in her snarky little calculation, not to mention paid time off and hours flexibility for things like medical appointments
I love being salaried.
I can go to a doctors appointment in the middle of the day with no impact to pay. I can come in late/early with no impact. I can even be sick an entire day with no impact. Still work at most 40 hours a week.
Love the people who have never worked a salary job saying it’s bad. That’s funny. That’s like me never having steak yet saying it taste bad hahah
Ever heard of pto no you haven’t you are easily tricked
@@jsbmx2039 you sound so goofy. Go get a corporate/salary job first then come back. Yes salary employees get PTO. I get 3 weeks, 2 holidays, 2 personal that I can use whenever with unlimited sick since I’m salaried.
I’ve worked both salaried and hourly jobs and definitely salary is better but go on goofy.
Try harder.
It absolutely is better and I don’t work more hours.. I come in late half the time and leave on time 😂.. it’s better. Folks are crazy.
I think we are lucky to work for a company that doesn’t abuse their employees. I am salaried and work less hours than when I was hourly and get paid more, have more hours of pto and more flexibility in my days. Some people don’t know that not all companies are abusive.
If you’re salary you’re not working 40 hours a week you’re working 60hrs. My boss works 7am to 7pm everyday. He’s probably paid 200k+
Yes and no. There are huge benefits to being salaried. Usually it comes it more vacation time etc. not to mention if you miss work you still get paid. I get what they’re saying though, sometimes it doesn’t make sense to switch
Veronika is my hero.
She needs a cape....
Salary pay is another reason I would never take a management job
She forgot the overtime math. She’d be getting 20 hrs overtime which is $990 per week on top of her normal pay. Hourly is much much better.
I work 40 hours a week and already feel like I have no time for friends/family/hobbies... so 60-70 is a HARD NO from me.
Exactly!
Its sad it should be 32 in most EU countries full time is 32 hrs.
No, it is not. It goes between 40 h/w and 37,5 h/w, the latter not including paid lunch break.
Doable and fair enough. Alas, we are far from 32 h/w, unfortunately.
Easy solution here is simply to get it in your contract that you work 40 hours a week, and that hours beyond that will be compensated at your previous overtime rate.
Employers won't do that. They offer salary on purpose, but good try!
@@gusmonster59 My employer does it, but then I'm part of a local union with almost 700 members, and which is an affiliate of a national professional union with over 1.7 million members. Unionize. Get the compensation that you deserve.
My employment contract obligates me to only 30 hours a week, and also entitles me to extra pay for hours worked in excess of 550 within any given 14 week period (that adds up to just shy of 40/week). Every seven paychecks, I can choose to tally up my hours, and if it exceeds 550, then I get paid prorated time-and-a-half for those additional hours.
That said, it never, ever happens. Most weeks I don't even work the required 30. I'm PRESENT the required 30, but not working the whole time. Every once in a while I'll put in one week of 40+ hours, but with all the hours I'm NOT working the other 90% of weeks, it's not worth tracking the hours. I'm also not an idiot - they'd probably nitpick over every little hour if I ever did do that, so getting the extra pay would be like pulling teeth. But it's nice to know that it's in my contract.
*laughs in freelancing*
Youre laughing coz youre jobless? wait what i dont get it?
@@aucklandqueenstown Making money is making money. Doesn't always have to be through a traditional job. Loser.
Nice! Gotta find what works for you ❤
@@aucklandqueenstown freelancers work when they want and charge what they want to be employed is to be a slave we work for money and freedom less is more when it comes to working
I went from hourly to salary when I was young as it was how to climb the corporate ladder. Then my industry changed and my work became contracted basis and that is hourly. As an hourly paid contractor no one wanted me to work overtime. Life was good again!!
$70,000? $85,000? Damn, that is tons of money for most of us!
In most major cities and with the economy and inflation/cost of living just getting worse, $70k & $80k ain’t shit either. It just SOUNDS like a lot, but it isn’t. It especially ain’t shit in the Bay Area or NY.
@@Too.Cool.ForCardi it’s never about the amount it’s about how you manage your money. $70 and $85k is great if you don’t live ABOUT your means…it’s people making $260k but since they live ABOVE their means that amount doesn’t SEEM like much either.
@@missbae_: How much a person makes is EQUALLY as important and helps DETERMINE their ability to save. In most people’s cases, they aren’t making anywhere near $100k or $200k nor were we talking about those who do and most people aren’t living high on the hog. Also, as I mentioned before, salary is relative to other factors like cost of living and the economy, so what SEEMS like a lot to someone else, maybe isn’t because of where that person lives. Also, most people barely make enough to cover regular bills and are one or two paychecks away from being poor. It’s VERY common for folks need two and three jobs to earn any sort of REAL living, which is ridiculous, let alone be able to really save. Money and how much a person earns most certainly counts and comes before just how much they save or spend.
If your single with no kids, you're good. I was making 60k in San Diego and even with high cost of living you're doing ok
@@joecarter2727: Uhhh….last time I checked, kids are NOT the ONLY expensive or significant cost people may have to worry about. Even if someone is single and/or doesn’t have any kids, it doesn’t mean they may not have other expenses and bills to take care of and affect them.Everyone has different circumstances and deals with different expenses and things in their lives. What might work for you and your life, might not work for someone else depending on their situation.
This is true, yet its also the only way to jump to a higher position where your salary can double
Sadly, yes, that has been my experience. I maxed out at a wage role, and the only way to get a meaningful raise was to go salaried. 😢
That's the part a lot of folks don't understand. Hourly as a career only makes sense when you have a union contract that specifies who gets OT and how much of a premium it pays. If you're non-union and hourly, you're just subject to getting beat (hours dropped, few/no benefits, little chance at advancement, etc).
@@mandisawdoing it hourly also means you are more replaceable, they just have to find someone that is willing to do your job for less and the next day suddenly they don't need you doing as many hours and that disrupts any routine, sense of stability and plans that you might have had, until the point that you are forced to "quit".
So I live in Canada, every Salaried position I've ever SEEN, heard about, or had, has your 'work hours' listed. 7:30 am to 4:30 pm. Your basic 40 hour package is part of your contract, anything BEYOND that.... Is still OVERTIME pay and they typically do NOT want that, so usually Salary is only manager and above to a bunch of 'hourly' workers that they usually don't employ long enough that if they have to call them in for extra shifts they need like two full shifts to get CLOSE to overtime... Has that changed in the last decade or so? I've been in the Military for 20 years so, I might be out of date.
In California salary employees don't get overtime. Hourly employees get overtime.
times have definitely changed even in Canada, especially since a ton of companies are global. I work as a salaried systems engineer for shopify and my contract specified needing to be on call for all projects at all times. sometimes that's the minimum 40 hour week, sometimes it's 60 or 70 or even more depending on deadlines. Canada has definitely changed
@Nonyah123 When did you start there, they were super anti-crunch five years ago, but I know a lot changed after the big layoffs
The jobs I've had in Canada were/are like this.
I moved to a US company a couple years ago after a layoff for what seemed like a big pay bump, and it was such a culture shock. They wanted so much overtime AND that I document every second of my day.
Moved back to a Canadian job as quickly as I could escape hahaha
@@maevethefox5912 2 years
🤣🤣🤣🤣😂😂😂😂🙏❤
This. Is. TOTALLY. Me.
I've rejected 3 promotions over the years, because I refuse to give my time/life away. Nobody understands why I don't want the "prestige" of a management position... No thanks, I'm good. 😂
Congrats on having no mobility if you ever need it.
A great eye opener going into the job market. Thanks.
My former coworker said this exactly why she didn’t want to go salary and stay hourly instead. Right on Veronica!
She didnt even do the math right because she's not accounting for overtime. It'd be more like getting paid $24/hr after the "raise".
🤣 It's just like when I was in the Army, my NCOIC wanted to promote me from Specialist to Corporal. I told her no, Specialist and Corporal are the same pay grade E-4 except a Corporal is an NCO. When something is not done right or finished by the end of the day formation, the First Sergeant makes the NCO's stay to fix it while the Specialist and below go home. I want E-5 pay, Sergeant rank, for NCO responsibilities.🤣🤣
Worst rank to have.
Also, though, with a salary you get paid the same each month/pay period which makes it easier to manage bills. Plus you don't lose money if you have to miss work.
However, the rise of PTO for hourly workers, which really didn't begin until the mid oughts, has made the salary kind of useless. If you can work hourly, get overtime past 40 hours, and still get PTO for when you miss or get sick, then the salary is sort of dead.
The 60 hour a week thing is so real. The only benefit is you get paid on holidays when the office is closed
Let me break it down. Hourly means you get paid for your time, not necessarily your work. No thinking required. Salaries is more of a contract you agree on. If you can negotiate a good contract then salaried makes sense. This video takes the POV of an hourly worker who just gets paid to be there. Under a good salary contract you have goals to meet with bonuses for meeting them in a time frame. Think of a professional athlete contract.
That's the first thing I thought. This video is for positions like "manager or shift leads" in retail or fast food or something.
@@Monroestevens306this video is for people who can’t see more than six inches in front of their noses
Yes less money for more hours. Bait and switch mentality.
Next week’s episode-Veronica gets placed on a performance review and evaluation. They have IT put a keystroke monitor on her keyboard. And she’s let go in 30 days 😂.
My brain every time I work late as a salaried employee
I was salaried for years. It was great. Never docked for coming in late, leaving early, dentists or dr appts etc. it was awesome.
😅😅😅😅 Veronica's MATH IS MATHING!!!
Run Veronica! Run. I made that change from hourly to salary, exact same numbers and regret it. I went from having an actual lunch hour to eating at my desk, if I even take lunch at all. I never ever ever get out at a decent time. Not worth it.
NO ONE is making 77k as an hourly employee in most states. LOL. Veronica always sounds like she would be in the unemployment line. 😂. Shes PAINFULLY obvious
You’re right they made more
Nailed it! This was an EXCELLENT breakdown of salaried vs hourly. I learned this the hard way at one job.
my dad tried to make the same argument to me, and he never made it far in corporate life.... I make $350K a year. Don't be short-sighted people; it pays off.
350k per year what do ubdi that's so important?
@@gigachad12367 technology
I'm hourly and I have PTO. If I'm coordinating an event I'm paid overtime. When it's time to leave I'm out the door. I was upset for not being salaried because the old school thought is that it's prestigious. Well I'm prepared at the Master's level and working hourly has worked well. My parents were salaried, as they taught us "You're working to life not living to work." Enjoy your life. When you retire you may not have that chance.
This one hits a little close to home for me. I currently work a position that is still hourly, making very good money as well as still get overtime pay, and I enjoy my job. However, I dread the day that they decide to make me salary, as I could loose out on almost 200hrs of overtime pay when that happens...
In NYS your job description has to show that you can make your own decisions about when to work (over simplification) and other responsibilities that elevate you above the rank and file. If you don't have that kind of control then you must be hourly paid, with pay for overtime.
Not all salaried jobs are the same. At a large corporation I worked for, the work/life balance was great. Sure, there were some days where more hours had to be put in but that was an exception. Normal days were not busy at all. People with contracts on the other hand were hired and let go on constant basis.
Been on salary for 24 years. I don't know anything else. Best advice I can give you is don't do the math..... don't EVER do the math......
I went from 60k hourly to 83k salary at my current job (Via promotion) and I can solidly say I would much rather work 60 hours salaried, than 40 as an hourly employee. Those 60 feel more like 30 because you're able to slack off for half your day or more and still get paid, lol.
Companies only offer you salary when the expected schedule makes it that they can't afford to pay you hourly.
Pretty much what happens in my field! Lock in salaried wages for when it’s busy and then when work slows down they lay off just enough people to maintain the slower workload.
Damn. This comment should be pinned. Serious knowledge here.
That's not true, even remotely. Not a single person in any company I've ever worked at got paid hourly. That's only certain types of very niche industries that do that.
This is so wrong. A lot of companies offer this because it's a way to actually pay you more money.
I know a girl that was tricked and to becoming a salary pay.
She didn't read the fine print and they lied to her and told her that she would probably not work more than 40 hours a week when in reality they had her working and the average of 110 hours per week and when she did the number she was making about half the pay per hour that she used to make.
She was literally sleeping in her car in the parking lot because it took her almost an hour to get back home and then an hour to get back to work and she wasn't getting any sleep.
She told the office that she wanted to go back to hourly pay and they told her that she would have to quit working for them and then reapply.... so she quit working and went to reapply and they told her there's no position open for her now.
This is what the big corporate world is about now.... screw the working class any way they can
Prestige? Seriously? No. No thank you. Next!
Grateful for where I work, when you go salary the pay bump is substantial. About 30k bump in base and the annual bonus goes from 10% base to 20% base so it's like 60 or 70k more and you can take 2 work from home days a week when salary. Also most weeks they are 40 and out, it's only emergencies that they work extra hours.
I've legit never heard of salary positions working more than 40 hour weeks lol.
We do in my industry, but we make up for it by taking early days the week after or extra paid vacation days
How about 40 hrs a week, on call 24/7/365?
I thought it was going to end something like “Oh, you refuse? Ok no problem! Um, Veronica pick up your stuff, you're fired 😊”
That's the reality 😅
I'm salary and am not subject to this malarkey, but i know most people are smh.
I know that's right, Veronica. Let her know!
Uh no, I'm good! 🤣
Yeah idk, I have never met a salaried person that worked 30 hours/week never mind 65. Where I live, becoming salaried is a boon because you not only get a pay increase but you also get to work less and take time off whenever you want to….at least that’s what I’ve observed.
ok but.
many salaried people get payed time off.
and work much less hours
In my current hourly position, we’re often encouraged/expected to pursue a salaried, managerial position. Would turn out to be a very similar outcome to this video. 60 hours wouldn’t be an expectation in theory, but realistically, to get everything done, and when considering I’d be “on call” 24 hours a day, I’d probably end up working 60+ hours a week. Meanwhile, in my hourly position, I can CHOOSE to work overtime whenever I decide I want to.
My landlord doesn't accept prestige. Neither does the electricity company nor the grocery store.
You do realize she was doing a breakdown of the value of her time, right? Her bank and pocketbook would still see the $15,000 raise. I work a salaried position, and there are times that I put in the overtime, but I also get paid a full check when I miss days. I can also come and go during the day for appointments without my pay getting docked. The same with coming in late or leaving early. If we work OT, we can ask to have time off during that pay period to offset it. We often don't even work overtime. Plus, we still get holidays, PTO, etc.
@@jenx5870 Not only do I work a salaried position, I have for over 20 years and manage many others, both hourly and salaried employees. In my case, as with most other salaried employees, I must work at least one hour in each workday to be paid without the need for taking PTO. I also get comp time at a 1:1 basis for cases when I must be in the workplace for more than 40 hours in a workweek. However, my hourly employees get compensated at 1:1.5 for any hours over 40 in a workweek they are compelled to work. Also, this video made it clear that salaried employees in this case are required to work 60 hours per week, whereas it is obvious that the hourly employees were only working 40. This means that that her company was offering her a pay cut, not a pay raise. Your asked me if I understood that she was doing a breakdown of the value of her time and that, in the end, she'd be making more. Of course, but looking at it on a time basis is exactly how one should look at it. Her off time is just as valuable as her work time is. Why would she sell it to a company for less than the $33 per hour she sells her 40 hours? In my opinion, she's be stupid to yes to the promotion.
The only reason to ever work unpaid hours is if you own the company, don't fall for wage theft, it's slavery and in most places, illegal.
Me a salary employee with overtime pay for any hours more then 40
What yall mad about?
It depends on the role; not all jobs meet salaried-non-exempt qualifications. I know Rx and some medical roles have it.
Salaried with overtime pay? That’s news to me!
You're the exception. Not the rule
@@nstgaming631 duh
As a Slav….i mean “salaried employee” this is very accurate
For real...salaried employment is a scam 😖
To be fair, salaried employees get health benefits and a pension/retirement. As far as I know, hourly employees do not usually have any benefits unless they buy them for full price.
Not in my state. You work 40 hours or more, you qualify.
I'm so glad I don't work in an office
Ditto. Pretty sure a gig like that would kill my will to live
Honestly at this point i wouldn't mind it, been working in trades since I was 20 or so, honestly hate it, would prefer job where I can sit on my butt and just copy thing all day
So true. They try to use "salaried" to get over. No thank you 😂😑
I can't afford your offer of prestige.
"I'm good, thank you, though."
Lol Veronica forgot the tax bracket bump. She’s taking home less pay per paycheck.
In Oregon most people make $15.00 an hour lmao cant afford to even breath anymore! Ty Democrars!!
Excellent job by that employee of focusing on the very short run rather than long term upside. If an associate ever took that position when I made the offer, I’d be fine with it, but future promotions are basically off the table.
As a salaried employee, i still won't work over 40 hours and I make sure i get comp time if i work more.
is salary ever better than hourly anywhere? 🤔
In upper management and the C-suite.
@@SenatiaA so you mean when you work under 40 hours 🤔
Yeah it goes both ways. I work less than 30 hrs a week but get paid for 40.
The two salaried positions I had did not measure my time I worked, but my output. So as long as I kept deadlines and completed projects, I could come in a couple minutes late, or leave early or take full hour lunches. Which wasn't a problem because I always level-set the expectations of my coworkers, had hyper focus to knock out work quickly, and communicated what was going on straight up. Plus, they never counted my sick days (about 1 a month due to cramps). But every hourly position has been so regimented, half hour lunch, 3 or fewer sick days a year, keeping me just under hours so no fulltime benefits, switching schedules last minute, no allowance for traffic or weather without being written up for tardiness, no ability to respond to emergencies at home without begging a supervisor... I always wondered why people liked hourly. I couldn't do it. My work only comes home with me at specific high value times of the year, so I value the flexibility of my time on salary and actually have a better work/life balance. Your hours should even out over the year to 40 per week. You do sixty one week? Do 20 the next. stick with the hours you agreed on per paycheck, not their loophole expectations.
It is if your salary includes paid leave. Sure, if you work a 60 hour week you get paid the same as 40. But it also means if you 're away sick for a day and only work 30 hours that week you still get paid the same salary. If you don't get that, I don't know why anyone would choose salary.
Been there! Unfortunately, management DOESN'T inform you UPFRONT that you'll be working 60hrs/week. Instead, they say a salaried position is a "standard" 40hrs/week. Yea, good luck seeing only 40!
I give one of the managers where i work shit about this often. When he mentions how late he has to work i just remind him "but just think of all of the OT you'll be making." He goes quiet.
She also didnt talk about, what happens when you have to leave early for an appointment or your kid gets sicks. Say youre supposed to work 11-8 but have to leave at 4 and your hourly. That money is taken from you, its a plus and minus to everything. But from
My experience and the companies ive worked for ill take salary any day
I got promoted to a salary position once and HR forgot to take me off hourly. Quit the next month and boss was shaking when he handed me that last check
And then everyone clapped
This is extremely powerful. She breaks it down. Most people don’t do the math. I learned this decades ago. Watch out for the salary trap.
But we are family in this company
Veronica is a damn fool. She should take the pay raise and get hustling!!