Wage to Salary is the conversion of an employee’s hourly wage to an annual salary, often for career advancement or role changes, based on hours worked.
- What is wage to salary?
Answer: It is converting hourly wages to an annual salary. - How is it calculated?
Answer: It multiplies hourly rate by annual hours (e.g., 40 hours/week x 52). - What are the benefits?
Answer: It offers stability and career growth. - What are the challenges?
Answer: Challenges include overtime eligibility loss. - How does HR handle it?
Answer: HR adjusts payroll and communicates changes.
