salary

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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 ?
Administrative and Office Support Overall starting salaries for administrative professionals in the United States are expected to rise 3.
The biggest increase of salaries in July was registered by SSO with the textile workers, of nearly 14 percent, with which they reached an average salary of somewhere below 11,500 denars.
In the wake of SOX, corporate governance positions will see the most growth, with information technology auditors seeing their average starting salaries rise 11.
Water and power revenues are separate, so water-rate increases could only contribute to water-side employees' salaries.
Because of geographic disparity in healthcare costs, nursing salaries also vary geographically.
While this figure may seem disappointing when compared to the 35% reported gains in non-adjusted median income during the same period (from 1994's $70,100 to 2002's $95,800) it offers a more realistic perspective on salaries in the pulp and paper, and related industries.
The courts and the IRS consider many factors in determining the reasonableness of compensation, including an individual's qualifications, the work involved, the nature of the business, the relationship between gross and net income, business conditions, salaries in relation to dividends, comparable salaries in comparable companies, the salary policy of the company in question, salaries paid in prior years and pension or profit-sharing plans.
Department of Education's reliance on data from the teacher unions on annual teacher salaries, the National Center for Education Statistics (NCES) plans to add teacher salary data items to its Common Core of Data finance collections.
Their studies re-ignite the age-old debate on teacher salaries.
M has a payroll arrangement under which it reduces its employees' salaries and applies the salary reduction to the payment of the health insurance premiums.
American Salaries and Wages Survey, published semiannually, is usually available for free at local libraries.