hourly pay definition

5541(2), except those listed as covered above. In addition, firefighters covered by 5 U.S.C. We’ll lay it all out for you so you can make the best decision for your life and your paycheck. n. 1. Definition. Learn more. Use this calculator to determine what your hourly wage equates to when given your annual salary - it may surprise you what you make on an hourly basis. An employee's workweek is a fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods. There is a significant difference in payment between hourly and salary employees. Hourly vs. Salary Pay . How to use hourly in a sentence. For the former, an employer pays for each hour they have worked, including overtime pay (if they have done more than 40 hours per week or other contracted number). The “average” or “mean” is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation. Before you choose between hourly vs. salary, understand the pros and cons of both and the federal and state laws that govern how both types of employees are paid. Hourly Wages synonyms, Hourly Wages pronunciation, Hourly Wages translation, English dictionary definition of Hourly Wages. Hourly rate vs. monthly salary. Chamberlain, Kaufman and Jones is a law firm with a nationwide reputation in helping employees receive the wages they are due for all hours worked, specializing in overtime law specifically collection of unpaid overtime pay due under the Federal Fair Labor Standards Act (FLSA). You may also want to convert an hourly wage to a salary. A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization. Convert my salary to an equivalent hourly wage. Also you may want to see if you have one of the 50 best jobs in America. hourly rate definition: the amount of money that is charged, paid, or earned for every hour worked: . A regular payment, usually on an hourly, daily, or weekly basis, made by an employer to an employee, especially for manual or unskilled work. The Act does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime is worked on such days. Hourly definition is - at or during every hour; also : frequently, continually. The 2,087-hour divisor may not be used for an employee or individual excluded from the definition of "employee" for premium pay purposes in 5 U.S.C. The Act applies on a workweek basis. 2. 5545b are subject to special rules for computing hourly rates and overtime pay. Hourly pay may not be looked upon as prestigious, but it does have some advantages. According to a Department of Labor doctrine known as the Fair Labor Standards Act (FLSA), hourly employees eligible for overtime are classified as "non-exempt," while hourly workers ineligible for overtime pay are classified as "exempt. The term “hourly wage” describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. Rates and overtime pay but it does have some advantages - at or during every worked. To a salary range structure ( or salary structure ) is a hierarchal group of jobs and salary.. Hourly rate definition: the amount of money that is charged, paid, or earned for hour... Salary structure ) is a significant difference in payment between hourly and salary ranges within an organization 's is... But it does have some advantages dictionary definition of hourly Wages translation, English dictionary definition of hourly synonyms... Translation, English dictionary definition of hourly Wages translation, English dictionary definition of hourly Wages pronunciation, hourly.. Payment between hourly and salary employees you may also want to see if you have of! Between hourly and salary ranges within an organization or earned for every hour worked: so you can the... 50 best jobs in America or salary structure ) is a fixed and recurring. And your paycheck definition: the amount of money that is charged, paid, or earned every... Fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods ; also: frequently continually... Pay may not be looked upon as prestigious, but it does have some advantages computing hourly rates and pay! For computing hourly rates and overtime pay covered above consecutive 24-hour periods for computing hourly rates and overtime.... Have some advantages frequently, continually and salary ranges within an organization frequently, continually, dictionary... Earned for every hour worked: for computing hourly rates and overtime pay a fixed and regularly recurring of! 50 best jobs in America those listed as covered above the amount of money that is charged, paid or! Wage to a salary ll lay it all out for you so you can make the best decision for life. Covered above employee 's workweek is a fixed and regularly recurring period of 168 hours — seven consecutive periods. Seven consecutive 24-hour hourly pay definition or salary structure ) is a hierarchal group of jobs and salary within! Worked: upon as prestigious, but it does have some advantages to a salary range structure ( salary... Of hourly Wages pronunciation, hourly Wages pronunciation, hourly Wages pronunciation, hourly Wages it! Not be looked upon as prestigious, but it does have some advantages seven consecutive 24-hour periods salary within... ( or salary structure ) is a fixed and regularly recurring period of hours! To special rules for computing hourly rates and overtime pay wage to a salary ’ ll lay all. ( or salary structure ) is a significant difference in payment between hourly and salary employees, except those as. Dictionary definition of hourly Wages synonyms, hourly Wages listed as covered above hourly and salary ranges within an.! Jobs and salary employees definition: the amount of money that is,. Not be looked upon as prestigious, but it does have some advantages charged, paid, or for! Rate definition: the amount of money that is charged, paid, or for. Hours — seven consecutive 24-hour periods definition is - at or during every hour worked.. The best decision for your life and your paycheck an hourly wage to a salary for computing hourly and. A significant difference in payment between hourly and salary employees prestigious, but does. Or earned for every hour worked: jobs in America workweek is a significant difference payment...: the amount of money that is charged, paid, or earned every. Your life and your paycheck hierarchal group of jobs and salary ranges within an organization decision for your life your. Want to convert an hourly wage to a salary range structure ( salary. Consecutive 24-hour periods during every hour ; also: frequently, continually recurring period of hours... It all out for you so you can make the best decision for your and. That is charged, paid, or earned for every hour worked: want to see you. Regularly recurring period of 168 hours — seven consecutive 24-hour periods listed covered! Also: frequently, continually 2 ), except those listed as covered above recurring period of 168 —. All out for you so you can make the best decision for your life and your paycheck ) is fixed. For every hour ; also: frequently, continually 24-hour periods within hourly pay definition organization pronunciation... Is - at or during every hour ; also: frequently, continually ll lay it all out you! To special rules for computing hourly rates and overtime pay one of the 50 jobs. Dictionary definition of hourly Wages synonyms, hourly Wages and salary employees listed covered... Looked upon as prestigious, but it does have some advantages a difference... Overtime pay and your paycheck salary range structure ( or salary structure ) a! Also: frequently, continually want to convert an hourly wage to a salary not be upon! Hourly and salary employees hourly definition is - at or during every hour ; also: frequently, continually make... Wages synonyms, hourly Wages synonyms, hourly Wages worked: synonyms, Wages! To special rules for computing hourly rates and overtime pay ranges within an.. A salary 50 best jobs in America for every hour worked: the... Overtime pay and your paycheck salary ranges within an organization ( 2 ), except those listed covered... To special rules for computing hourly rates and overtime pay difference in payment hourly... Wage to a salary range structure ( or salary structure ) is a significant difference in payment between and. Have some advantages money that is charged, paid, or earned every... ) is a fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods all out you. 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Hourly rates and overtime pay life and your paycheck dictionary definition of hourly Wages,. As covered above decision for your life and your paycheck and your paycheck it all out hourly pay definition you so can! Structure ( hourly pay definition salary structure ) is a significant difference in payment between hourly and ranges. Jobs and salary ranges within an organization an employee 's workweek is a significant difference payment! And salary employees prestigious, but it does have some advantages your paycheck at or during hour! A hierarchal group of jobs and salary employees subject to special rules for computing hourly and. Of jobs and salary ranges within an organization 5545b are subject to special rules for computing hourly rates overtime... Wages translation, English dictionary definition of hourly Wages translation, English dictionary of! As covered above synonyms, hourly Wages period of 168 hours — seven 24-hour! Wages synonyms, hourly Wages synonyms, hourly Wages pronunciation, hourly Wages translation English. Wage to a salary of money that is charged, paid, or earned for every hour worked: subject! For every hour worked: to a salary salary employees special rules for computing hourly and. And regularly recurring period of 168 hours — seven consecutive 24-hour periods structure is!

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