The boneheads at the bank cant get their heads around overtime.What difference does being on a salary make? Unless he's on a Zero hours contract maybe?
What difference does being on a salary make? Unless he's on a Zero hours contract maybe?
Why was this?Best thing I ever did putting key employee on salary
The bank or mortgage company Will very much take an interest! Pre credit crunch they weren't so interested (!) but they now check exactly how long someone has been employed and they require lots of proof. It used to be 3 months minimum but it is now generally 6 months plus. You would also get into Huge trouble (and could be done for fraud) if you put them onto a salary, and then back onto an hourly rate, just to enable a mortgage.
I think he has been about 3000 hours a year, but we are changing our work all the time and with the weather as it, some years the hours worked will be different.
I would like to safe guard our self's and the worder.
So do his hours vary a lot each month and does he have a basic week now?
Some farmers get caught out on salary here because hours still have to be recorded and in a really busy time the hours worked in a pay period would be so high the employee wasn't making minimum wage for that time.
Always been very wary of salaries myself.
Putting him on a salary and I bet his motivation of more hours = more money disappears as fast as him at 5pm every day!!!!!We have an employee that has been paid hourly but is now looking for a mortgage so he can buy a house. By putting him on a salart he will stand a better chance of getting one.
Is there anything to think about before changing over?
Thanks
Your thinking is wrong. Divide the total salary by the hours/year and the rate will be averaging out fine.
not in new zealand.hours in pay period,eg. weekly.Your thinking is wrong. Divide the total salary by the hours/year and the rate will be averaging out fine.
Putting him on a salary and I bet his motivation of more hours = more money disappears as fast as him at 5pm every day!!!!!