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60 hours/week x 50 weeks/year = 3,000 hours/year. $50,000/3,000 hours = $16.67/hour. In any case, I don't believe that these companies will give overtime. In f
by jonathansizz 12y ago
60 hours/week x 50 weeks/year = 3,000 hours/year. $50,000/3,000 hours = $16.67/hour.
In any case, I don't believe that these companies will give overtime. In fact, your glassdoor link doesn't show any company paying over $30,000/year to their night workers, with the average being around $25,000.
- fred_durst 12y agoThat is correct. That is why I said it was the "base rate". The example was to illustrate what the employment opportunity would look like if an employer of a developer had to pay an hourly rate with overtime pay, instead of being able to pay them as an exempt salaried employee. Assuming the position required 60 hour work weeks(as a non trivial amount of developer positions do) this is what the two would look like for exactly the same final pay. With salary one can say: $50,000/year With hourly one would say: $13/hr + overtime While being the exact same pay, it looks quite a bit different. No?