Compensation data I currently make around 56k salary. The Best Way to Answer Salary Interview Questions - read this article along with other careers information, tips and advice on BioSpace Even though you may have gone through a phone screening that involved answering questions about salary, the subject may come again as the interviewer becomes more interested in hiring you. Data Need: The marketplace is changing more quickly than ever before. It's said you should always negotiate salary. Typically, a move from hourly to salaried work comes with a promotion and additional responsibility. My base salary was $30k. Some job offer questions you need to ask yourself first, so you're better positioned to negotiate with a potential employer. Know your salary requirements. So, let's say your hourly rate is $60/hour. There are some interview questions that are a given; we all know how to put a good spin on the classic greatest weakness question. There are three categories of questions to ask. My questions: Past pay: I was salaried 2013-2014 in a CSR tech support role. Do you feel like this is a good or bad move? For example, if you pay your employee $12 per hour, the overtime rate is $12 x 1.5 or $18. It’s also expected that you’ll have potential employees review their … Salaried employees receive overtime pay just as hourly employees do, but the rate is simply calculated differently. Human resources manager and employee-relations expert Rebecca Goldbach says, "Everyone is born non-exempt. When hiring a new employee, it’s important to ask the right questions. When I was an employee, I was on the cusp of going from hourly to salary, and quite frankly, I'm glad I was able to avoid the uncomfortable conversation of declining a promotion. Can the company lower my wages if they switch me to hourly? Authenticity – ask them about their true self, or a time they had to stay true to their own values. I have been salary since before he purchased the company in 2005 and my job description has not changed - except for adding more duties because another employee quit. The way you ask about the salary can … I averaged 5-10 hours of overtime per week on phones and emails. First, know what you’re up against. 1. I lost them because, rather than carefully negotiating on a disappointing initial offer (see #2 above if you want to know what I … During the preliminary interview phase, recruiters might ask an interviewee about his salary expectations to determine whether to move forward. Preparation – ask them how they prepare for a sales meeting, or for this very interview you are hosting. 6 Questions to Ask When Evaluating Salary Surveys 1. When converting an employee from hourly to salary, follow the Fair Labor Standards Act (FLSA) guidelines to determine whether they are newly exempt. You’re Going to Decline Unless the Salary Is Higher I’ve lost a candidate or two after they were offered the job at a salary lower than they were hoping for. My job is switching me from flex salary to hourly. Hourly vs. Salary Pay . The confident, direct (risky) approach “In my job search I’m focusing on roles in the $60,000 range, which is the going rate for people with my skillset and experience. Smart questions to ask during salary negotiation Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve. 3. However, I'm looking at some contract-to-hire type positions through a staffing agency. you got yourself a raise. How, exactly, are you supposed to know what salary you should ask for? Just to be clear, you don’t need to ask all of these questions when negotiating your salary. I've seen this elsewhere here on AskMe, but can't find a link. If an employer changes the compensation structure from salary payment to hourly payment, he must abide by all laws that govern the hourly pay of employees. If you are only willing to take the job if it meets specific salary requirements, ask for the salary information up front. In order to comply with the US Dept of labor my employer is moving us from Salary exempt to hourly non-exempt. Ask about the salary range of a job either when you first talk to a recruiter or during your first interview. Because I was salaried, I was not compensated for this overtime, but now this salary to hourly change acknowledges that I should have been hourly during that period. An hourly position is considered nonexempt, while a salary position can be exempt. If you decide you want — or need — to discuss salary after your first round of interviews, you'll want to do so with tact. Hourly vs. Salary. On the other hand, if the employee is going to be working more than 40 hours a week regularly, it might be more cost-efficient to pay them a salary. If finalized, the proposed change to the Fair Labor Standards Act (FLSA) salary level (to $679 weekly, or $35,308 per year) would make 1.1 million additional workers eligible for overtime benefits. Once an employee is classified as “exempt” switching from salary to hourly in same work week may jeopardize the “exempt” employee status. Hourly versus salary. Here are some examples of how you can diplomatically ask awkward questions about salary and other benefits. How do we convert from salary to an equivalent hourly wage? If the employer can’t offer you a higher starting salary, you may still be able to negotiate better benefits. How to Ask an Interviewee About Salary Expectations. There is a significant difference in payment between hourly and salary employees. 5 salary questions you must ask during a job interview. "According to the U.S. Department of Labor's Wage and Hour Division, employees considered "exempt" must satisfy the … 1. If you’re not sure what questions to ask before accepting a job offer, the list below is a good starting point: Questions to Ask Yourself Before Accepting a Job Offer. Keep in mind, that if an employee does not meet the duties test and salary test , the employees are entitled to overtime for all hours over 40 each week, even if you agree mutually upon a salary. "Non-exempt means that you are subject to the rules in the Fair Labor Standards Act (FLSA As long as you're up for the extra work, there's no reason not to take the raise. I have a few questions. I thought it was a good rule-of-thumb. Here’s how I do that: Take your hourly rate and multiply it by 2,080, which is the number of hours in a year if you work 40 hours a week for 52 weeks. My flex salary was 40 hours is $650 & 50 hours is $715. Does this mean I will get paid overtime if … Based on our experience, here are the top twelve questions you need to ask before making a pay frequency change. There’s a huge information imbalance when it comes to salary: Employers have the advantage of knowing the general range they’re willing to pay and what their overall salary structures are. For example, employers must pay hourly employees a minimum wage and must pay them overtime for each hour that they work over 40 per week, at the rate of 1 1/2 times their hourly pay. Whenever I've looked at doing work under a 1099 agreement, I've asked for 25-30% more than as a W-2. If you’re paid hourly as a contractor, you may need to convert that hourly pay into a salary so you can compare to a full-time salary. 4. 1. Ask the Right Questions. 3. However, not all salary positions are exempt. The first group include questions you’d ask in any role to get a sense of how the company will judge your performance and what additional opportunities exist (such as bonuses and raises). So here are the deeper questions you need to ask employers before taking a new sales job. 1. How to ask about salary in an interview. Value – ask them about their value to your company and what kind of sales numbers you can expect from them. Salary non-exempt combines the best of both side. To get the best deal, you need as much information as possible. Ask about salary as soon as possible so you don't waste your time. If you are a 1099, you might think of your hourly rate as 1.5 * ( ( full-time annual salary ) / 2000). Here is a handy list. Hourly rate vs. monthly salary. Is the data current or will you need to age it? ... you’re going to be stuck with your starting deal for a while—so make it a good one. They want to be sure that your expectations are consistent with that budget before moving forward. In most cases, the company has budgeted a pay range for the role. There are a few reasons employers ask this question. For the former, an employer pays for each hour they have worked, including overtime pay (if they have done more than 40 hours per week or other contracted number). How will it affect me? Then schedule an appointment to discuss it. 2. Divide the salary by the number of hours worked. At some point during the interview process, you will likely be asked about your salary or compensation expectations—that is, how much you would like to earn in this job.. I couldn't help but wonder if the extra money was worth it because I was in a similar position not long ago. If a person has a salary of $75,000 / year, and they work on average 35 hours per week, their hourly take home pay is (75,000 / (35 * 52)) = $41.21 / hr. Here are a few tips to help you discuss salary without offending anyone. Before you ask about salary, determine your ideal salary range. 5. If you don't bring up the issue of salary early in the process, you may not find out … As a result, some employers may choose to reclassify salaried employees earning less than that to hourly. But at some point, the interviewer is going to finish grilling you, turn the tables, and ask, “So, do you have any questions?” Asking good questions is important for several reasons: It shows you’ve prepared for the interview and truly care about the position. Typically, the agency "presents" me at a given hourly rate that we set before they even suggested a job to chase (in this case, I suggested a … If you kept the same hourly rate, and you are receiving just about any benefits (like, paid vacation, health insurance, etc.) Question #1: “What Is the Ramp-up Period for New Sales Reps?” Knowing what to expect from the base salary of the sales position is important, but understanding the commission structure will give you a better idea of what your income will look like. However, paid days off I'd use to receive $16.25, being my base pay an hour. That would make a comparable salary of $80,000. 1. Are there any relevant state laws to consider? We have successfully assisted clients through this entire process, guiding them through the beginning discovery and design to testing (including a plan to parallel test with frequency changes) to communicating with employees. 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