My $0.02
Not sure how this discussion got to this point, but I have worked with US payroll systems for the last 6 years, so hear me out -
Your employment is based on a number of statuses - hourly, salaried, exempt (from overtime), non-exempt (from overtime), etc. Payroll and time management systems also use a concept called positive and negative time recording status.
Positive status implies that you (as an employee) are required to report time for (usually) at least 8 hrs a day, whether that be an 'attendance' (for this purpose of this forum, since everyone seems to be a 'consultant'
, billable time) or an 'absence' (non billable time). A positive employee, for this purpose will typically be an hourly employee who may be exempt or non-exempt (and thus is eligible to earn overtime). The key here is usually (not always). Overtime, in all it's forms (straight time, time-and-a half, double-time, etc) may or may not apply, depending upon your employment agreement (not mandated by law). In this case, gross will be calculated as
gross = (attendance hours * rate) - (absence hours * rate)
(attendance hours include regular time and overtime, if stipulated in agreement/contract)
Negative status implies you only record your absences. That is, during the calculation of your gross payroll, the system assumes you have worked all 8 hours unless an 'absence' is specifically reported. Keep in mind for this paragraph as well as the one above that an absence type does not necessarily have to be unpaid (paid absences include all your paid leaves, for ex.), In this case, gross will be calculated as
gross = prorated salary amount ((could be weekly, biweekly, semi-monthly, monthly amounts, etc) ) - (absence hours recorded * rate)
Now most companies do not have such straightforward business processes. There are all kinds of permutations and combinations that come about due to different business needs. A lot of people are surprised when they find out that they are not truely salaried, but negative, hourly. Also, another thing to keep in mind - how you record your time may not be a good indicator of your employment status, especially in the consulting industry. This is because regulations and contracts might require a contractor/employer to record billable in a specific manner, but that doesn't mean that employee gets paid accordingly. For example, you could be recording every hour, but if your position is exempt but still hourly, you don't get paid overtime.
Qwerty, for the purposes of this discussion, not knowing how exactly your employer is set up, my prima facie analysis is that you are actually a negative employee who is, nevertheless, hourly.
As stated here by multiple respondents - because something has been 'observed', does not make it the truth
Whew! that's a long winded explanation...
Cheers,
K