A workmate and I recently sipped peppermint tea and vented our frustrations over NFL players' outrageous salaries. I fretted over whether they are doing good for the world with all that money when this friend said with disgust, "I wonder how much the winning quarterback of the Super Bowl will get for his three hours in the spotlight." "Good question," I said, "I'm going to find out."
10 Careers in Demand for 2009
By Joy Victory, Payscale.com
As the global economy continues to falter, job prospects for 2009 are expected to slow. But if you're lucky enough to be in…
The economic downturn is showing up in the Dr. Salary email inbox: I am getting a lot of emails about employers reducing pay, or cutting hours, and asking about the legal implications. Here are a few:
"[...] you said employers can get into trouble when exempt employees perform tasks normally done by non-exempt employees. We are experiencing this problem at work now. Non-exempt employees are losing money and jobs, because the company is requiring salaried managers to work the jobs of the hourly employees."
"[...] can a person be determined exempt for the reason of “Professional” when he/she only works 10 months out of the year, furloughed for 8 weeks to go on unemployment benefits, then return to work?"
"[...Given the downturn in our business] our exempt and non-exempt employees would be willing to trim their hours from 40 hours to 32 hours per week (get paid for 32). Having said that, I wanted to verify if this would violate any FLSA benefits and/or rights for either classification (exempt or non-exempt)."
"I am an exempt employee; can my company strongly request that I volunteer to take 2 days off without pay in order to help meet the annual budget?"
As I have described in the past, the one big benefit for employees to being exempt from the Fair Labor Standards Act (FLSA) (salaried) is that they must be paid for every week when they are ready, able and willing to work, whether there is work for them to do or not. Hourly workers (non-exempt) only need be paid when there is work for them to do.
What happens when a company is in trouble, and a lot of the staff are exempt? Are layoffs the only option? In this post, I will look at the ways an employer can reduce pay, and the federal legal implications of the choices.
Logging years in school, not to mention shelling out thousands of dollars, can be a long and expensive way to increase your potential salary. However, there are several jobs where you can make a six figure salary without obtaining a college education.
We recently worked with Klaus Kneale at Forbes Magazine on an article looking at the high paying job possibilities for people with no 4-year college degree. The set of jobs is a mix: some require shining in an average paying field, others deep technical knowledge, and other longer work weeks or high stress.
In this post, I will look at these jobs, and see what it takes to make $100,000 per year without a 4-year university degree.
Is it possible to make six figures in your current job? Find out using PayScale's salary calculator.
Name: John Anderson
Job Title: President - Owner Operator
Where: Tulsa, OK – United States
Employer: BounceU - Children's Playground Franchise
Years of Experience: 25 years
Relevant Experience: 15 years as a mortgage broker
Education: BS Business Administration
Annual Salary: See PayScale’s Research Center for median Owner Operator Salaries.
Looking for a new career where you could be the president of your own company? Ever thought of running your own franchise? For John Anderson, leaving the mortgage industry and owning a children's playground franchise was a wonderful change of pace. In this Salary Story, John shares the trials and tribulations of owning a children's playground franchise in Oklahoma.