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Pranshu Bansal Pranshu Bansal
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2 years ago
If you are working or have worked before, share with the rest of the class how your pay was calculated. And from your own perspective, discuss the pros and cons associated with the way your employer-paid/are paying you.
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2 years ago
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If you are working or have worked before, share with the rest of the class how your pay was calculated. And from your own perspective, discuss the pros and cons associated with the way your employer-paid/are paying you.

I was paid hourly. Every two weeks, a paycheck would be sent automatically to my bank account. Every six months, I would he eligible for a raise.

Advantages of Hourly Rate

  • It is simple to apply and calculate.
  • Allows for overtime work; whereas a salary would limit the employee to a specific wage, regardless of any extra time put into the work.
  • Since the wages are not dependent on the quantity of production, employees don't have to sacrifice the quality of the work by speeding up the production to earn a higher wage.

Disadvantages of Hourly Rate

  • Because the wages are dispensed on the basis of time devoted to a job, it provides no incentive for the employee to maintain or achieve a high level of productivity.
When you like a flower, you just pluck it out.
But when you love a flower, you water it daily.
The one who understands this, understands life.

- That's the difference between I like you and I love you.
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