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 classic literature ?
Vail found himself painting brain-pictures of the future of the telephone, and by the time that he was asked to become its General Manager, he had become so confident that, as he said afterwards, he "was willing to leave a Government job with a small salary for a telephone job with no salary.
Athanase Granson, a young man twenty-three years of age, who slept in an attic room above the second floor of the house, added six hundred francs to the income of his poor mother, by the salary of a little place which the influence of his relation, Mademoiselle Cormon, had obtained for him in the mayor's office, where he was placed in charge of the archives.
I, for instance, genuinely despised my official work and did not openly abuse it simply because I was in it myself and got a salary for it.
Now, in the event of the king's death, his successor inherits a crown, -- when the employee dies, the supernumerary steps into his shoes, and receives his salary of twelve thousand livres.
Yet I ought not to grumble at my salary,--I am quite satisfied with it; it is sufficient.
The Legislature, therefore, endeavored to keep as much power as possible in their own hands, by refusing to settle a fixed salary upon the governors.
You are poor enough, I suppose; how do you expect to live till your quarter's salary becomes due?
Lippet; far from it— I am poor, and I have been hoarding my salary for a purpose that lies near my heart; but, be fore that old man should lie one hour in a jail, I would spend the last cent to prevent it.
Poe's initial salary with the "Southern Literary Messenger," to which he contributed the first drafts of a number of his best-known tales, was $10 a week
Your salary with me, madam, would commence at 100 pounds a year.
Only that at the beginning; but you are to have an overriding commission of one per cent on all business done by your agents, and you may take my word for it that this will come to more than your salary.
More than this; the brave chevalier had obtained the reversion of the office for his son, and for two years already, the name of the noble man Jacques d'Estouteville, equerry, had figured beside his at the head of the register of the salary list of the provostship of Paris.