Salary vs. hourly compensation

M

Milko_Djurovski

Registered Users (C)
Looking at all of the LC questions about salary, here is my question: if a salary is specified in the LC, what would going to an hourly basis with the same employee do? Same employer, higher salary, still permanent employment, just not salaried.
 
Originally posted by whats_in_name
Normally hourly rate is calculated by dividing the yearly salary by 2000 (which is approx working hours for a year).
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most orgs do it for 2080 hours.
 
Originally posted by hmd
most orgs do it for 2080 hours.
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OK, I guess is does the reverse process apply. In other words, if I am paid x amount per hour, does CIS multiply x times 2080 to obtain salary information. I know it might be semantics, but just want to be sure.
 
Simple thumb rule(may not be accurate, but almost correct) for converting hourly rate into annual pay : Multiply by 2 :D
Ex : Hourly rate of $50/hr = 100K/yr ; Hourly rate of $40/hr = 80K/yr


PS: To answer your main question : Yes, you can convert from fixed pay to hourly rate. No problem, as long as it is a 40hr/week fulltime job.
 
I don't think they will look at the hourly rate. They will work on your gross salary paid. if you are paid $50/hr and every month you get $8000 and therefor your W2 will have a total yearly salary of $96000. They will work on $96000 figure not $50/hr figure.
 
That is what I figured, just wanted to ensure that the hourly compensation is not somehow viewed as a deviation from the LC conditions stating that I am salaried.

Of course, thanks to everyone who responded.
 
whats_in_name :

What you're saying is if your monthly gross salary * 12 is eqal to or greater than LC stated salary, that should be fine even if you are not working 40 hours/week or in a fulltime position ?

I think not.
 
Originally posted by bhankas
whats_in_name :

What you're saying is if your monthly gross salary * 12 is eqal to or greater than LC stated salary, that should be fine even if you are not working 40 hours/week or in a fulltime position ?

I think not.
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Personally, that is not an issue, but you bring up an interesting point. I would be working 40 hours a week or more, other than vacation weeks.
 
In my case, my paystub shows number of days worked for and daily rate (under the columns "hours" and "rate" respectively).

How will the adjudicating officer figure out its a daily rate (and not an hourly rate) and the value under "hours" is actually number of days ?
 
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