MainNav
Excited man
Email This Article View/Print as .pdf

Am I salaried or hourly?

Q. I recently hired on to a new company and could use some advice. On my second interview with my new company, I was offered a salary on a yearly basis. I accepted this offer and began work. The paperwork I signed accepting this offer also had the same figure termed as "annual."

After one month of working, the company was purchased by a leading retailer. They announced this to all the employees and said that we would be a wholesale division of the retailer. When I received my "Welcome to the team!" letter from this retailer, I was addressed as an hourly employee. This was surprising, to say the least. I thought I accepted a salaried position and now I'm being classified as hourly. After all, I was offered compensation termed as "annual," I don't "punch" in or out (or any other time sheet for that matter), and I came from a salaried position at my former employer. Therefore, I was sure that there must be a mistake, so I directly went to the individual who made me the offer not six weeks earlier. I explained my concern to him and he told me he would get back to me.

After a week I asked him about it again and he told me that there is a federal law that says only certain positions are eligible for salaried compensation and I do not meet those requirements - specifically, the number of employees I directly supervise. Is there really a federal law concerning this situation?

A. Your company is right; there is federal law called the Fair Labor Standards Act that does require that certain jobs are either exempt or not exempt from the law. There are several tests that determine a job's exemption from the law. More information can be found at the . Without knowing the specifics of your job description, I have to say that it is possible that your job is not exempt and does requires your company to classify your job as nonexempt.

I know you may perceive this new classification as a bad thing however; I would encourage you to look at some of the positive aspects of this change. For instance, if you work more than 40 hours a week you will receive time and a half. If you have to come in on a weekend or holiday after you have worked for 40 hours, you may receive double time and a half.

Having said all that, I would ask your Human Resources Department to explain to you why your job has been recently classified as a nonexempt job. Even if you disagree with the decision you ought to be able to understand the rationale behind their decision. It's also important to keep in mind that regardless of whether you're job is exempt or not exempt from the federal law it is very important the company pay you a competitive rate. So, whether or not the company decides to change your status, make sure they pay you a competitive rate for the position.

Source: Salary.com

© 2012 selfierussia.ru | Contact Us | Site Map | | | | About Us | Follow us

Related pages


audit junior salaryaccountant job roles and responsibilitiesbookkeeping job requirementsfp&a responsibilitiesqualification resume samplecover letter for accounts payable specialistadp pay expert logincore competency examples in resumesprint sales representative salarysouth carolina state board of accountancyresume words proficientgraduate accountant resume sampleresume for internal auditoraccounting assistant sample resumechief of staff resume samplefund accounting examplesaccounting jobs in nlfiling job descriptionresearch analyst sample resumeaccounts payable manager dutiessample resume for finance internshipwhat is a bookkeeper dutiesea exam review courseproperty management resumestop accountants in the worldchargeback analyst salarymba applicant resumeresumes for customer service positionsvp roles and responsibilitiessprint sales representative salarybank cfo jobsinexperienced cover letter samplecompliance auditor salaryexecutive summary resume examplessample account executive resumepayroll tax accounting entriesbusiness analyst cv examplesbusiness systems analyst resumecollections specialist job description samplepayroll bookkeeper job descriptionaccounts payable specialist dutiesaccountant resume objectivepurchasing resumesf&i manager job descriptioncv format for chartered accountantadp accounting servicesadp payroll manualcoo job description small businesssample medical billing resumesupervisor job description restaurantaccounting jobs salary guidemock cover letter for resumeroger cpa review coursesystem accountant job descriptionaccounts receivable analyst salaryentry level accountant resume sampleinventory controller job descriptioncover letter of an accountantbookkeeper duties and responsibilities resumeaccounting jobs in atlanta gait officer resumesample resume for admin jobssample of bookkeepingexample of core competencies in resumeaccounts payable accomplishments examplesrestaurant duties and responsibilities resumeinventory resume samplebookkeeping invoice sampleaudit and compliance job descriptionfinancial analyst resume examplewhat does accounts payable meansample accounting memoresume for accounts payableguamjobsindeed