salary


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

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 ?
Reacting to the claims of Gbolagade, the state chairman of NUT, Comrade Amudah Wakeel, said contrary to the statement, the arrears owed was the modutaled salaries for 28 months which amounted to 14 months full salary.
For instance, in the film industry and music production, the average salary does not even reach 18,000 denars, the average is above 22,000 denars in architecture and engineering, 25,000 denars in the scientific-research professions, 16,000 denars in veterinary, 13,000 denars in protection and research professions while below 20,000 denars in libraries, archives and museums.
The agreement on determining the lowest salary in these sectors was signed Tuesday by the agricultural trade union, the association for agriculture and the association of employers in the food industry.
salary details about specific jobs for specific employers or companies across the region.
Overall, more money was doled out in salary arbitration this year, as compared to last.
Graduates with computer-related degrees in 2005 found expanding job opportunities for the first time in several years, and their starting salaries reflected this improved labor market, the Commission reported in the 21st edition of its Salaries of Scientists, Engineers and Technicians: A Summary of Salary Surveys.
Entry-level accountants at small public firms will see their starting salary climb 6.
The DWP's union is the only one in the city that for about a decade has negotiated contracts whose salary increases are tied to the consumer price index, said City Administrative Officer Bill Fujioka.
The collaborative effort of career training experts Ron and Caryl Krannich, Salary Negotiation Tips For Professionals: Compensation That Reflects Your Value is an ideal introduction the the art and craft of bargaining with an employer with respect to compensation for the employee.
With the industry rebounding from the recent economic downturn, a salary Survey shows many manufacturers and metalcasters now are able to notice the benefits in their paychecks.
Thus, salary is an important factor in a job, and one that we all must consider.
Interesting regional changes--as well as an accelerated growth rate for median income--are the standout findings from the latest TAPPI Salary Survey.