What is the advantage and disadvantage of salary wages versus hourly wages?
Salary is a guaranteed amount. No matter how many hours you work (above or below “normal”) you get the same amount of money. Hourly means that if you work less hours in a given week, you’ll get paid less. But if you work more hours, you’ll get paid more (and potentially overtime at time and a half). Essentially, you have to predict whether you’ll have to put in a great deal of extra time. If the answer is yes, you might prefer hourly pay. But if you’d prefer a steady, guaranteed income, and maybe hope for a one-time bonus for working more than you’re required, you might want to think about a salary.
