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 ?
Companies should check with experienced employment counsel before adopting the fluctuating workweek method of calculating overtime for certain non-exempt salaried employees.
Additionally, salaried employees will be eligible to receive restricted stock units that have a grant date value of USD46.
For one thing, manual workers and salaried employees had virtually no chance of working their way up to a higher level on a merit basis.
John takes the position that, as a salaried employee, he is entitled to be paid for the entire two-week pay period during which his employment ended, even though his last day was before the end of the pay period.
The agreement covers 180 salaried employees in Koping.
Under the plan, salaried employees below the director level will receive cash and restricted stock units totaling $77.
Auto Business News-February 17, 2012--General Motors Corporation moves salaried employees from pension plans to 401(k) plans(C)1994-2012 ENPublishing - http://www.
The report stated that Mark Fields, who runs Ford's operations in North and South America, sent a note last week to 20,000 salaried employees in the United States and Canada confirming that both bonuses and merit pay increases will be offered.
NORDIC BUSINESS REPORT-April 5, 2011--UPM says Finnish salaried employees to go on strike(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-April 5, 2011--UPM says Finnish salaried employees to go on strike(C)2011 M2 COMMUNICATIONS http://www.
He said the Form 16 issued to salaried employees would be treated as tax return.
According to the list, salaried employees at Logos make an average of $62,400 a year and non-salaried employees make an average of $30,800.