What are the advantages / disadvantag of giving a regular Salary to senior officers ?
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Answer:
Salaried employees enjoy the security of steady paychecks, and they tend to pull in higher overall income than hourly workers. And they typically have greater access to benefits packages, bonuses, and paid vacation time.
Most people already know that the Federal minimum wage for hourly employees has been $7.25 per hour since 2008. What most people do not know is that employers can legally pay some employees less than the minimum. Workers with disabilities can be paid piecework rates that barely cover the cost of a soft drink and a candy bar per week. Some non-profit organizations pay 85% of the minimum wage to their employees. Vocational students may receive as little as 75% of the minimum wage. Employers may legally pay some student workers as little as 59 percent of the Federal minimum wage for their first 90 days of employment.