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 ?
4) The standard deduction allows for a flat deduction from income of a salaried individual towards expenses an employee would incur in relation to his or her employment.
Meaningful differences also exist in workers' satisfaction with opportunities for promotion (45% satisfied among salaried vs.
He said salaried class is their target consumers because they rarely turn for shopping in routine days due to lack of purchasing power as compared to the business class.
In calculating overtime, the company must determine the non-exempt salaried employee's regular rate of pay.
We are immensely pleased to be entering into a strategic alliance with Atlas Honda to facilitate the salaried class of Pakistan, said Syed Majeedullah Husaini, Askari Bank s President and CEO.
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.
Overall spending on variable pay as a percentage age of payroll continues to rise steadily for salaried exempt workers.
salaried retirees and former employees the option to receive a voluntary lump-sum pension payment.
General Motors Company (NYSE: GM) will provide certain salaried retirees with a lump-sum pension payment offer in lieu of normal monthly pension payments, a move which is expected to reduce the pension obligation of the nation's largest automaker by $26 billion, the company announced Friday.
salaried workers who still receive them and it will reduce 2011 bonuses for all salaried workers, who also will not receive a pay increase in 2012.
The benefit cost is calculated as 30% of the total salary paid for hourly workers and 40% of total paid for yearly salaried workers.
ISLAMABAD, June 18 -- Federal Board of Revenue (FBR) has said salaried employees having annual income of Rs.