Wage or Salary?...

[hurtandwounded]

Interesting situation at work, boss has asked me a question. As of March 1st I have two options on how I get paid

Comments

[hurtandwounded]

On the face of it Option2 is better, a minimum 13% raise to a regular wage. It means I can plan my money more easily, at least.

Or am I missing something?

[ego_medusa]

Salary. You get more rights, better tax benefits and paid sick days/holidays.
We all have to bow down to the slavegrind in the end :)

[hurtandwounded]

I'll have to ask around but my Dad got 5 weeks paid holiday a year with British Steel. What is common/usual?

Deb said that I wouldn't get overtime on a salary but I can't see me getting enough overtime hours to make up the 13% (this would also be on top of covering the weeks with under 5 days work).

Salary winning so far...

Re:

[ego_medusa]

I think the usual is 21 - 25 days paid holiday. Overtime is unlikely, but you would get time off in leu.You'd also get better tax credits and interest free credit options from credit cards ect if you're salary paid.

[kingnat]

I'd say you go for the salary.
It is much easier to budget with, and if later on you can make more money through a wage, then you can go for it since you'll hopefully have gotten yourself into a better financial position regarding debts etc.

[vampire_tribble]

Salary! Anything else is McJob...

[oddsox]

definitely the salary....more employment rights...they are being a bit stingy on the holidays though....

[hurtandwounded]

Update:

Option1: Hourly rate but at £9 an hour giving a yearly wage of 10.1k~16.9k depending on hours. No paid holidays.

Option2: Fixed 14k a year with 10days paid holiday (says its all he can afford atm but we can discuss later)

When he did this job 5 years ago he got 11k (but was qualified/experience).

Comments?