salary

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Related to salaried: Salaried Partner, Salaried employee

Salary

Regular wages and benefits an employee receives from an employer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Here is how the new slabs will affect the salaried class:
In the case of salaried individuals deriving income exceeding Rs.600, 000 it is proposed to introduce eleven taxable slabs with progressive tax rates ranging from 5% to 35% .
According to the correspondence, the automaker will withdraw 500 salaried positions on Tuesday.
"Initiatives are expected to reduce in excess of 5,000 jobs in Germany, including hourly, salaried and temporary staff.
This is because the separate and simplified return form for salaried individuals is not meant to declare services receipts which fall under the head "Income from business".
Firstly, they are indeed correct when they say that the salaried GP was employed and funded by the health board, so it would have been more accurate for the article to refer to 'withdrawal of provision' rather than 'withdrawal of funding' - although the effect is the same!
By Yoon Ja-young While the administration expects salaried workers to benefit from its income-led growth policies, it seems to be overlooking others, such as the self-employed, in its policy priorities.
Newly-inducted Finance Minister Miftah Ismail, in his budget speech, said the increase would be apart from the major relief the salaried class would get due to drastic slash in the income tax rates, announced earlier by Prime Minister Shahid Khaqan Abbasi.
In a disclosure that confirms the hollowness of tax base, the number of income tax return filers from all main sectors of the economy has contracted in the past five years and the only exception is the salaried class.
Summary: New Delhi [India], Feb 6 (ANI): Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on Tuesday called for better treatment to salaried employees, hailing them to be the "best taxpayers" in the country.
Synopsis: Hourly workers are less satisfied than salaried workers with most tangible aspects of their jobs, including vacation time, retirement plans and pay.