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Old 09-13-2014, 03:31 PM
 
Location: Portland, OR
8,803 posts, read 7,582,517 times
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Has anyone heard of companies paying salaried folks weekly? I got the job I wanted (the one I posted about in my PTO thread), but found out I get paid weekly. I'm not necessarily opposed to it, I was just wondering how common it was. I've always worked in places where you get paid twice a month rather than once a week.
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Old 09-13-2014, 03:53 PM
 
Location: Portland, Oregon
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Absolutely, in fact that is great! Keep in mind the fact that the money you earned until you are paid is the same as a loan to the employer. The shorter the better.

Also, are you keeping a record of your hours worked? You can be salaried but not exempt from overtime.
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Old 09-13-2014, 04:20 PM
 
Location: Portland, OR
8,803 posts, read 7,582,517 times
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Quote:
Originally Posted by Nell Plotts View Post
Absolutely, in fact that is great! Keep in mind the fact that the money you earned until you are paid is the same as a loan to the employer. The shorter the better.

Also, are you keeping a record of your hours worked? You can be salaried but not exempt from overtime.
It's obvious why you won $500. Great point once again.
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Old 09-13-2014, 04:51 PM
 
Location: Portland, Oregon
10,008 posts, read 16,671,715 times
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That is wisdom acquired by working 28+ for US DOL and 15 more years in private sector HR.

If your employer believes you to be exempt from overtime by virtue of being an executive, administrative or professional employee be aware that there is a significant increase in the required salary currently being kicked around in DC.
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Old 09-13-2014, 04:57 PM
 
Location: Buckeye, AZ
27,336 posts, read 15,785,066 times
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Being paid salary rather than hourly doesn't change pay periods. It just means that you are likely not getting overtime if you are considered for exempt status. The company can decide that their staff should get paid weekly, bi-weekly, twice a month or monthly.
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Old 09-13-2014, 05:08 PM
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Location: Ohio
16,822 posts, read 33,219,532 times
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At a couple of the places I've worked over the years, the salaried people got paid monthly, while the hourly people got paid biweekly.

The places I have encountered that pay weekly, were employing entry-level workers, many of whom lived paycheck-to-paycheck. I suspect employers' rationale is that someone who has attained enough expertise at life to be employed on a salaried basis, should also have enough skills with personal finance to budget their money more than a week at a time.

At my current employer, I am friendly with the workers who handle payroll. It's a lot of work to process all of those payments and it comes with some very real costs for the employer. That's probably a reason that most employers don't pay their employees weekly.
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Old 09-13-2014, 05:35 PM
 
Location: southwestern PA
20,419 posts, read 37,656,752 times
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Everyone I know gets paid every other week, whether they are salary or hourly.
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Old 09-13-2014, 06:49 PM
 
Location: Squirrel Hill PA
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I am salaried and I get paid monthly. I used to work hourly and get paid weekly or bi-weekly. To be honest I prefer the monthly payments.
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Old 09-13-2014, 07:27 PM
 
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I worked for a major Defense contractor (Fortune 100) for over 10 years and we got paid weekly. Everyone from top to bottom. Not sure if it was an artefact from the old assembly line culture or what. We had to have time cards ( everyone also did those because of goverbment accounting rules) turned in every week and got paid the next week.
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Old 09-13-2014, 08:37 PM
 
48,516 posts, read 83,943,432 times
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Quote:
Originally Posted by mkpunk View Post
Being paid salary rather than hourly doesn't change pay periods. It just means that you are likely not getting overtime if you are considered for exempt status. The company can decide that their staff should get paid weekly, bi-weekly, twice a month or monthly.
The exempt status only means you don't get overtime until you reach 48+hours a week in most states.Salary and exempt can be quite different has exempt has to supervise other employees last I knew.
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