Earn a fixed salary? You might be working for free tomorrow

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Hourly wage workers get another day to make money on leap years, but for salaried employees, that extra day is likely unpaid.

Employers typically pay their salaried workers the same yearly amount, whether the calendar year has 365 or 366 days, unless the contract states otherwise. As a result, the average salaried worker loses out each leap year, while employers save money. Rohith Krishnan was "bummed" when he found out he's not getting paid for the extra day of work during leap years.

But not everyone is losing sleep over this. Many said being salaried comes with a slew of coveted benefits, such as massage therapy and dental care, as well as flexibility with their schedules. That means, with about 6.5 million salaried workers in this country — more than a third of Canada's workforce — employers could collectively save about $2 billion.

But for Annie Boilard, a human resources consultant in Montreal, occasionally putting in extra hours to meet deadlines is just part of the job — and it's usually accounted for in the employee's compensation.

 

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