salary

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Related to salaried: Salaried Partner, Salaried employee

Salary

Regular wages and benefits an employee receives from an employer.

Salary

A regular compensation that an employee receives for working at a company. A salary is set by agreement between the employee and the employer and is not dependent on the number of hours worked. That is, the employee does not make more for working more than 40 hours per week and does not make less for working less than that.

salary

a payment made to employees for the use of their labour. Unlike WAGES, salaries are not strictly related to the actual number of hours worked (though the CONTRACT OF EMPLOYMENT will usually stipulate the required working hours each week). Instead salaries are expressed in an annual sum, a portion of which is paid to the employee each month. An employee's salary is generally a function of the individual's age and experience, and the level of the job in the organization. Increasingly, an element of the employee's salary is based on some measure of individual performance. See INCREMENTAL PAY SCALE, PERFORMANCE APPRAISAL, MERIT PAY.

salary

a form of PAY made to employees of an organization. A salary is similar to a WAGE payment in that it is paid for the use of LABOUR as a factor of production. In economic terms, a salary payment differs from a wage payment in two ways:
  1. it is not strictly related to the actual number of hours worked by the employee, whereas wage earners are usually paid on an hourly basis;
  2. salaries are usually paid monthly, whereas wages are paid weekly
References in periodicals archive ?
After the introduction of ATM cards, most of the people, especially salaried class prefer this facility for withdrawal of their salaries to save time and avoid using cheques, he added.
Ford Motor Company will hire an additional 800 salaried employees for a total of more than 3,000 salaried employees in 2013.
LouAnn Gosselin, spokeswoman for Chrysler Canada, stated that the company had decided to make the defined contribution plan to new salaried hires a decade ago, and it was effective for new hires in Canada from January 1, 2013.
GM will establish a new pension plan for active employees and will terminate the current salaried pension plan.
The FBR has advised the salaried employees to timely file their returns to avoid legal action under Income Tax Ordinance 2001.
One of the proposals is to raise the basic exemption threshold for salaried individuals.
The airline said that, shortly after it emerges from Chapter 11 bankruptcy protection, current salaried employees below the director level, who took pay and benefit reductions due to the restructuring, will receive cash payments of USD31m.
The new salaried role has been created to give more credence to the job, which is to champion the cause of the independent retailer.
More than 40% of the working poor were self-employed, and the incidence of poverty was four times higher among the self-employed than among salaried workers.
The investment, partly made possible by local incentives, will help transition hourly and salaried employees to the expanded work and cover partial facility renovation, which will include more energy-efficient melting furnaces and new machinery, equipment and tooling to support the additional volume.
Property agent Sanderson Weatherall has promoted three North-based surveyors to salaried directors and made two other promotions.
It was the first round of salaried cuts this year for the world's largest automaker, which is struggling with sluggish sales, shrinking U.