Pros
Waged pay is attractive to workers who want to be paid for each completed hour. With a waged salary, they are paid by the hour rather than for the work that they have done. This means that if workers complete any overtime hours, you need to record them. Ensure that they are paid for any overtime hours they do, and consider also offering a higher rate for hours worked overtime or during busy holiday periods.
Cons
Waged workers do not receive the same benefits – such as healthcare, discounts or other perks – as your full-time employees, which means that they may only work for you temporarily. If your waged staff are developing an increasingly important role in the functioning of your business, consider offering them a full-time job. As waged workers do not sign a contract saying they have to work for you, they may leave at short notice to work for another employer. This is because they do not have to complete a set notice period. By UK law, waged workers are entitled to some of the same rights as your full-