Originally posted by Rubi513
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Hourly VS Salary
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Originally posted by TX03RUBI View PostI took a pay hit to come to my current position, but it was absolutely worth it. I was working 70-90 hour weeks hourly before this, and currently 35-45 hour weeks at only a 10-15% pay cut. I see the house every night except when I’m traveling, which is at my own discretion. I have more responsibility now, but it takes less time to accomplish. I wouldn’t trade it at all. I’m about 3 years in now, and my current salary is about where I was hourly though. It sure is nice having that constant check though.
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With the company I work for, an hourly/union employee moving into a basement salaried job will be paid about what his base pay was as an hourly employee. Some jobs are paid OT and some are not. If not, I would lose 30-40K in OT. If this person was in for the long haul he/she could move up the ladder and be far ahead in a few years and not have to work nights/weekends to make it. Not wanting to go salaried, I am topped out salary wise save for the yearly bumps which salaried also get.
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If you are hourly, this is how you should do it. Overtime pay is not technically part of your wage- what I mean is you get an hourly rate for working so many hours a week, generally 40. Overtime is to pay you if there is something extra going on where you will have to work over or asked to fill in for someone who is sick or on vacation. Learn to live on that. If you want to buy you or your wife/girlfriend something nice or go on vacation or pay for a hunt work overtime to pay for it. Remember this also, working overtime is great...making all this money...until God forbid your wife decides to divorce you and all that extra money is used to help figure spousal support.
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Originally posted by Russ79 View PostIf you are hourly, this is how you should do it. Overtime pay is not technically part of your wage- what I mean is you get an hourly rate for working so many hours a week, generally 40. Overtime is to pay you if there is something extra going on where you will have to work over or asked to fill in for someone who is sick or on vacation. Learn to live on that. If you want to buy you or your wife/girlfriend something nice or go on vacation or pay for a hunt work overtime to pay for it. Remember this also, working overtime is great...making all this money...until God forbid your wife decides to divorce you and all that extra money is used to help figure spousal support.
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Originally posted by brnhtown View PostI budget very well and the OT pay is not a necessity, with that being said, I don't want to lose that extra money either. I'm fine with a slight pay cut but not 15K a year
You are only looking at the short term. You’ve already said you are basically topped out in an hourly position. If you have more opportunity to take the salary position that is a no brainer IMO.
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I'm salary + overtime, so I have the best of both worlds. I used to be salary and chaffed at how many hours I was often expected to work past 40. While I took a pay-cut for salary/overtime, I'm often doing 91 hour weeks, so I make about twice as much.Last edited by sir shovelhands; 06-16-2018, 01:25 PM.
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Originally posted by Mike D View PostYou are only looking at the short term. You’ve already said you are basically topped out in an hourly position. If you have more opportunity to take the salary position that is a no brainer IMO.
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Originally posted by 12RingKing View PostLook into the bonus structure if there is one. Where I work the salary folk get a much larger bonus to compensate for the lack of OT. It still doesn’t make up for it, but it gets them close plus they have desk jobs
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