Salary vs Wages

[Lesley1601]

Can someone please tell me what the benefits of switching to salaried pay is please? i.e. should I now get sick pay (I currently don't) I am being offered a new package at work and I would like more information, or if anyone can refer me to a good website that can tell me more! Thanks

[Scarlett]

Your contract will tell you everything you need to know. Read it very carefully and look out for the small print. What is your job? Becomong salaried will mean sick and holiday pay, but there may be down-sides too.

[Lesley1601]

I haven't been given a contract yet they're slack on that! Thanks for your help, x

[Buenchico]

As long as you're an employee (as distinct from a contractor) then your statutory rights (i.e. those embodied in law) are exactly the same whether you're classified as 'waged' or 'salaried'. (e.g. you're entitled to Statutory Sick Pay from the 4th day of sickness onwards).

The distinctions between 'waged' and 'salaried' status are very blurred these days. (e.g. my contract says I'm on a salary but my pay statement is calculated on an hourly rate!). Every employer will attribute different meanings to these terms - legal definitions don't exist - so you'll have to find out exactly what your employer is proposing. (Look particularly at what they're proposing regarding overtime working. You might find, for example, that waged employees get time-and-a-half but salaried employees are expected to do a certain number of hours without any extra pay and then only get 'basic rate' after that. That's what used to apply in my job. Now we get 'basic rate' for all overtime worked).

Chris