salary

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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 ?
David Melding Conservative South Wales Central Travel costs: pounds 2,186.09 Office costs: 6,083.03 Additional costs: pounds 807.75 Staff salaries: pounds 68,797.52 Most notable claim: Claimed pounds 12 back for his ticket for the National Eisteddfod.
To choose their top cities, Business.org looked at 100 metro areas across the US and pulled the most recent available data (primarily from the Bureau of Labor Statistics) on their tech salaries. Researchers then compared the average salaries in each metro, and the list was born.
Additional advocate general Khyber Pakhtunkhwa informed that the school is a private school, saying that salaries of employees and other expenditures are met with the fee of children.
PSED have received various complaints that private schools are giving salaries to their teachers in between Rs.6, 000 to 7,000 therefore measures should be taken to increase their salaries.
The protesters said that they were dependent on their monthly salaries. They said that they faced multiple issues owing to delay in payment of their salaries for the second month.
It is not each and every day that strikes are conducted pertaining salaries. Starting from the doctor's strike, nurses then lecturers, the country is always at verge of emerging strikes especially from public service workers.
WAZIRABAD/OKARA -- At least 18 security guards including three women have been deprived of their salaries for three months at Wazirabad Tehsil Headquarters (THQ) Hospital.
Blue collar employees may be in a better position than white collar workers when it comes to salaries.When Valentina Miskovi wanted to find a new job in Bratislava, she went through several job interviews and was repeatedly rejected as unsuitable.
Shih said Taiwan's average salaries did not grow between 2000 and 2016 due to stagnant economic growth but the average total salary reached NT$59,852 in the first quarter of this year, which set a new first-quarter record.
Petitioner's counsel Muhammad Ubaid Ullah Naeem and Anam Zuhra argued that the petitioner was entitled to receive 36 months' salaries as compensation on his reinstatement within 360 days in accordance with the act but the APPC administration paid only 21 months salaries whereas the rest was still outstanding despite passing a period of nine years.
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.