Hourly pay may not be looked upon as prestigious, but it does have some advantages. hourly rate definition: the amount of money that is charged, paid, or earned for every hour worked: . Hourly definition is - at or during every hour; also : frequently, continually. A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization. In addition, firefighters covered by 5 U.S.C. Convert my salary to an equivalent hourly wage. 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. Learn more. The “average” or “mean” is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation. 2. 5541(2), except those listed as covered above. Definition. An employee's workweek is a fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods. Hourly rate vs. monthly salary. We’ll lay it all out for you so you can make the best decision for your life and your paycheck. 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. 5545b are subject to special rules for computing hourly rates and overtime pay. 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). There is a significant difference in payment between hourly and salary employees. n. 1. 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). 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. Also you may want to see if you have one of the 50 best jobs in America. 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 does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime is worked on such days. A regular payment, usually on an hourly, daily, or weekly basis, made by an employer to an employee, especially for manual or unskilled work. How to use hourly in a sentence. Hourly Wages synonyms, Hourly Wages pronunciation, Hourly Wages translation, English dictionary definition of Hourly Wages. You may also want to convert an hourly wage to a salary. The Act applies on a workweek basis. 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