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Longer hours, better pay?

Filed under Employment Outlook, Salary and Benefits
Posted by Libraries, March 02, 2007
View all posts for March 2007

“Work more, earn more: Occupations that pay a premium for longer workweeks”
Gregory Niemash, Occupational Outlook Quarterly, Winter 2006-2007, vol. 50, no. 4, pg. 14-27.

http://www.bls.gov/opub/ooq/2006/winter/art02.htm

Using data from the 2006 Current Population Survey, a monthly household survey that collects information about employment and jobs, this article discusses the financial implications of longer hours at work by comparing hours and earnings within and across occupations. Generally, more time at work means less down time with family and friends, but also a bigger paycheck. In occupations that are paid by the hour, the higher income is directly related to the hours worked; however, in other fields, such as management business or financial operations, the higher salary is constant regardless of hours worked, but to complete projects and climb up the ladder, employees are expected to spend that extra time at the office.

This very clearly written article breaks down the Survey results and explains the reasons behind the numbers. It can help jobseekers to better understand the logistics of salary versus hourly pay in relation to work hours, and how to “make informed choices about their lifestyles and finances.” It also asks the big question of “Does it pay to work more hours?” (See page 17 for the answer!). For more information about your chosen field(s), check out the detailed charts with hourly and salary information.

—Hagar Shirman