2. hourly rate definition: the amount of money that is charged, paid, or earned for every hour worked: . A regular payment, usually on an hourly, daily, or weekly basis, made by an employer to an employee, especially for manual or unskilled work. Learn more. Hourly definition is - at or during every hour; also : frequently, continually. The 2,087-hour divisor may not be used for an employee or individual excluded from the definition of "employee" for premium pay purposes in 5 U.S.C. n. 1. Hourly vs. Salary Pay . Hourly Wages synonyms, Hourly Wages pronunciation, Hourly Wages translation, English dictionary definition of Hourly Wages. The Act applies on a workweek basis. A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization. 5545b are subject to special rules for computing hourly rates and overtime pay. Hourly pay may not be looked upon as prestigious, but it does have some advantages. How to use hourly in a sentence. Definition. 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). According to a Department of Labor doctrine known as the Fair Labor Standards Act (FLSA), hourly employees eligible for overtime are classified as "non-exempt," while hourly workers ineligible for overtime pay are classified as "exempt. An employee's workweek is a fixed and regularly recurring period of 168 hours — seven consecutive 24-hour periods. You may also want to convert an hourly wage to a salary. We’ll lay it all out for you so you can make the best decision for your life and your paycheck. Before you choose between hourly vs. salary, understand the pros and cons of both and the federal and state laws that govern how both types of employees are paid. Also you may want to see if you have one of the 50 best jobs in America. The term “hourly wage” describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. The Act does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime is worked on such days. Convert my salary to an equivalent hourly wage. In addition, firefighters covered by 5 U.S.C. Use this calculator to determine what your hourly wage equates to when given your annual salary - it may surprise you what you make on an hourly basis. Hourly rate vs. monthly salary. The “average” or “mean” is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation. 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