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If a salaried worker doesn't get overtime, then every hour they work past 40 reduces their effective pay by 2.5%.
by stephengillie 8y ago
If a salaried worker doesn't get overtime, then every hour they work past 40 reduces their effective pay by 2.5%.
- siquick 8y agoCan you explain the logic behind this?
- guu 8y agoIf you work overtime in a week and aren’t paid for it then you have taken a pay cut for that week. You worked more hours but made the same amount of money. Therefore the amount you made per hour is lower than your usual amount.
- Bombthecat 8y agoBingo. That's what a lot of people don't get with there high salaries. On paper they sound amazing. But if you calculate hours worked and salaries. More often then not. There promotion for example made them earn less and less per hour. But as someone wrote on hackernews: if your company is using the emotional path they don't have anything to offer on the rational level. tl;DR: calculate your income per hour, not monthly salary!
- toomuchtodo 8y ago> if your company is using the emotional path they don't have anything to offer on the rational level. Stealing this for my “don’t work for a startup” site!
- Bombthecat 8y agoIt is not from me either :)
- commandlinefan 8y ago* their
- lotsofpulp 8y agoNot all hours are of equal value. If you have activities planned that you would like to do, such as excercise, cooking, childcare, education, hobbies, visiting family, etc, and you have to give that up because you had to work late, then the marginal cost of working extra is far more than just salary divided by total hours worked. Each hour past the agreed upon (or expected) # of hours cuts into your actual life, and is worth a lot more (to the person working). Too bad many people don’t see this or don’t have any options.