Salary, Pay, and Income
Salaries are typically calculated on an annual basis and dispersed in equal amounts at a consistent, periodic rate. Qualifications to become a salaried employee are set by the U.S. Department of Labor and require an employee to make at least $455 per week among other job duty requirements. One exception to this rule is Outside Sales Employees who are exempt from the minimum salary requirement. Other service oriented positions that include tips as part of pay are also treated differently by Federal wage law.
The amount of salaried income is not based in the amount of time worked but on the level of job performance. As such, a salaried employee will have a minimum work hour requirement, but may also be required to work additional time, to meet specified performance levels, without an increase in pay. Additional perks may also be included to enhance the value of a salaried position such as quicker accumulation of vacation days and periodic bonuses.
It is sometimes useful to reduce a salary to its hourly income equivalent. To compare a salaried rate to an hourly rate, simply divide the annual salary by 50 weeks (including two vacation weeks), then divide the result by 40 hours (a standard full-time work week). The conversion can be utilized when comparing potential income between an hourly and salaried job or to more easily budget a salaried income.
Find advice and resources on salary negotiation. Tips and articles about salary negotiations when offered a job or when working with the management of your current company to advance your compensation.
Check local salary and compensation information using online salary calculators. Determine take home pay, the amounts of weekly and bi-weekly checks, and other financial calculations.
Salary Comparison Tools
Use our salary comparison tool to quickly look at trends and geographical differences between jobs. Find advice for salary comparisons and career advice about different professions. Use the career tool to quickly find qualifications, requirements, and tasks of higher paying jobs.
Find salaries for different jobs and professions. Research compensation trends for industries and locations. Advance your salary and earning potential through exclusive career advice and salary negotiation tips.
Salary Guide - Resource and Salaries for Different Jobs
Find tips, resources, and tools for determining salary levels and structuring corporate compensation and benefits packages. Looking for a new job or more money? Use our tools to determine better paying careers and search for a new job.
Master the art of closing deals and making placements. Take our Recruiter Certification Program today. We're SHRM certified. Learn at your own pace during this 12-week program. Access over 20 courses. Great for those who want to break into recruiting, or recruiters who want to further their career.Take Program Today
Career Research Tool
Use our career research tool to find more than just a list of careers - find the right long term career for you. Explore salary trends for each type of profession, read sample job descriptions, and find the professional and educational requirements for specific careers.Use it Now