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 ?
Wakeel, however, urged the state government to pay the outstanding of the modulated salaries with immediate effect since it has promised to do so.
In 2003, median salaries for recent science and engineering graduates in the U.
This decision reinforces the need for proper planning to help ensure the deductibility of executive salaries in a closely held business.
While NCES currently gathers information on salaries and benefits through the quadrennial Schools and Staffing Survey, this survey does not collect information that would permit comparisons with other professions.
Higher salaries should be considered for teachers in more competitive fields, such as science and math, because they can be lured away to the private sector.
Salaries were up 34 percent overall, but still a wide margin between men's and women's was reported.
Groups may decide to hold back a portion of salaries to create the incentive pool, budget a separate pool of funds or depend solely on profits generated by the practice.
With some exceptions, AGMA has managed to keep weekly salaries of dancers it represents increasing at around 3 to 4 percent a year since 1992.
While numerous factors influence whether potential teachers enter and stay within the profession, salaries remain a common way to attract them.
Average Starting Salaries For Systems Integration Specialists Will Rise 17 Percent Over 1999
The unlikely team of a radical San Francisco activist and a conservative Republican congressman has propelled the issue of high executive salaries at AIDS organizations back into the news.