Originally posted by BTLowry
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Hourly VS Salary
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Without more information I would also consider some of the more intangible aspects. Is the role any different(more or less appealing to your satisfaction), does salary come with any perks like increased vacation, bonus, 401k, stock options, etc, does taking the role offer more opportunity for advancement within the company?
There are lots of things to consider when trying to decide this. I can’t speak for all situations, but I am in a similar hourly role that makes significant overtime. If I was offered a salary position that meant I lost OT, I would gladly take it if it was not a significant paycut.
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It really depends on the salary. My base/hourly rate is pretty good and I work a lot of OT, not really by choice though. I try to stick to 40. I like getting paid for the hours I work. If I could get a bump in salary, and only work 40, I'd be all over it. If I had to continue to work overtime I would pass. Just my opinion though. With my company if I want to move up I'll have to accept a salary role, but I'll cross that bridge when I get there.
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Depends on the salary and what the long term prospect is for moving to the salaried role is. If it is a step up professionally with growth potential then to me $10-15k for 1-3 years isn’t that bad depending on what the return looks like.
Also think about he extra time with your family and what that is worth to you
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Originally posted by be12hunt View PostWithout more information I would also consider some of the more intangible aspects. Is the role any different(more or less appealing to your satisfaction), does salary come with any perks like increased vacation, bonus, 401k, stock options, etc, does taking the role offer more opportunity for advancement within the company?
There are lots of things to consider when trying to decide this. I can’t speak for all situations, but I am in a similar hourly role that makes significant overtime. If I was offered a salary position that meant I lost OT, I would gladly take it if it was not a significant paycut.
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Originally posted by panhandlehunter View PostIt really depends on the salary. My base/hourly rate is pretty good and I work a lot of OT, not really by choice though. I try to stick to 40. I like getting paid for the hours I work. If I could get a bump in salary, and only work 40, I'd be all over it. If I had to continue to work overtime I would pass. Just my opinion though. With my company if I want to move up I'll have to accept a salary role, but I'll cross that bridge when I get there.
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Sorry if I missed this in a post above I didn't read but for me it would greatly depend on the industry you are in. I would say that salary positions would have a higher ceiling than hourly positions however it might take time for the salary position to get ahead.
I work in construction and when I was a laborer I was always making more per week with my OT than some of the assistant superintendents and assistant project managers which are salary positions. I took a pay cut to become a PM but I got better benefits and within a couple years I was ahead and now I am making almost triple even if I would have figured in raises and 20 hrs or OT as a laborer.
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Originally posted by Fordnandez View PostSorry if I missed this in a post above I didn't read but for me it would greatly depend on the industry you are in. I would say that salary positions would have a higher ceiling than hourly positions however it might take time for the salary position to get ahead.
I work in construction and when I was a laborer I was always making more per week with my OT than some of the assistant superintendents and assistant project managers which are salary positions. I took a pay cut to become a PM but I got better benefits and within a couple years I was ahead and now I am making almost triple even if I would have figured in raises and 20 hrs or OT as a laborer.
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Originally posted by hooligan View PostDepends on the salary and what the long term prospect is for moving to the salaried role is. If it is a step up professionally with growth potential then to me $10-15k for 1-3 years isn’t that bad depending on what the return looks like.
Also think about he extra time with your family and what that is worth to you
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OM
My office manager manner during myself set down and talked about this this year. She worked a lot of overtime last year. Her sour was great. We switched her to a salary based position this year. It seems to have worked well. She does still work quite a bit but I believe it is more efficient.
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Originally posted by warrington View PostMy office manager manner during myself set down and talked about this this year. She worked a lot of overtime last year. Her sour was great. We switched her to a salary based position this year. It seems to have worked well. She does still work quite a bit but I believe it is more efficient.
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When my company asked me to come in to the office they initaionally tried to pay me what I was making in the field, but I lost my company truck.
After discussing how I was getting screwed they matched what I was making with overtime and gave me a truck allowance and yearly bonus.
I now make more than double what I made in the field.
I would recommend discussing your terms now instead of waiting.
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I 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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