One of the most common questions every employee has in mind is “How much extra will I get paid for doing this work?” The answer is simple. It depends on the employer and what kind of employee you have been along with the local state laws that cover the employees. In certain cases some employees are not paid overtime for the work done.

Getting paid overtime gives you a significant income as the pay is set much high in accordance to the actual working hour’s salary. Overtime means working beyond the set hours in week. The salary to be paid for overtime workers cannot be less than one and half times the employee’s regular pay. In some companies, overtime may be double the salary paid. There are no laws on paying double the salary. This purely is a contract between the employer and the employee.

The basis for any additional pay request is based solely on the performance of the employee. It is essential to perform well regularly in all evaluations that the employer conducts. A record has to be maintained with all accomplishments, and achievements. All teh activities, accomplishments that you have done to add value to your employer must be documented and periodically brought to the employer’s notice. Self appraisal along with the employer’s appraisal will help you in getting paid more for the work that you have already been doing.

It is best to know your basic rights as an employee regarding the leave policy, pay rules, and various labour policies. Work done beyond the prescribed working hours a week should be considered overtime and never work without getting adequate pay for the working hours dedicated towards the company. It is right to go over this article and never work overtime without pay.

Luxury Handbag Loans: Are they worth It?

For a middle income person, managing a loan can be a big ask. Money is limited, but payments need to be made on time. All of that considered, life also needs to be lived and food, rent, phone and internet bills all cost money! When money is a problem, loans and lenders become an inadvertent part of our every day lives.

How to avoid loans

Loans can be avoided by letting go of expensive tastes and habits, and learning to save money to buy the things you want for yourself. But, an indulgence is not something that can be handled practically. This entire situation is difficult to be in, but there is a solution – money management. Once you learn the fine art of managing your money, you’re set!

Handbag loans?

Loans for handbags might seem a bit bizarre to the average consumer whose limited income prevents purchases of luxury goods. However, this is a thriving market. Here are some of the categories of loans available:

  • Loans to buy handbags – companies will have your funds ready in 24 hours!
  • Loans against handbags – the financial markets have woken up to the fact that a luxury item such as a handbag can be used as collateral since they are so expensive.
  • Pawning a bag for money – there was a time when a pawnshop took things of assumed value. With the fashion industry commanding the clout it does, you can also pawn your bag for cash.

We are most concerned with handbag loans. Now, let’s face it, it’s better to borrow formally and have a set repayment plan in place rather than gather up a huge single purchase credit card bill and regret your life choices! If you really want to buy that handbag, you’re better off borrowing from a financial institution. They’re worth the time and effort, and are easier to pay back if you have a regular income.

A loan for a handbag won’t exceed $10,000 depending on what you’re buying. This can be repaid easily as long as you’re good for the money. Take me, for instance, I love my new YSL handbags that I bought after getting a loan. Taking a loan, or pawning your bag, the choice is yours.