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 ?
"Take Wichita, Kansas, for instance, where the average tech salary is still almost $20,000 more than the cost of living."
"It is still difficult to disclose the salary, which they will receive, because a single tariff plan must be approved."
Ooredoo has announced that it has added a Domestic Workers Salary feature to its popular Ooredoo Money service, providing a quick, easy and reliable way for customers to pay salaries to domestic workers.
In a protesting tone on Thursday, Chaudhry wrote on Twitter: 'I refuse to accept increased salary from Punjab govt.'orsing the stance of Prime Minister Imran Khan regarding salary increment, he further said, 'My sole salary goes to Shaukat Khanum already because I believe that our priority shud [should] be national interest and not increment in salaries.'
As a result of Punjab Assembly unanimously passing a bill to increase salaries of its lawmakers, the province's chief minister's salary has now surpassed that of Prime Minister Imran Khan, Express News reported.
Cabinet accorded approval to equalize new salary package of Sindh doctors with Punjab.
Information from the State Service Commission's 2018 Our People, Public Service Workforce Data shows that the Ministry of Justice has the lowest annual salary for a department.
The protesters said that they would go on hunger strike against delay in their salary.
Earlier, they performed duty under direct charge of THQ Hospital medical superintendent and were paid Rs15,500 salary each month as per government pay scale.
Our previous apartment here in Bratislava was more expensive than the one my friend rents in the centre of Brussels.She failed to get a job even after four or five interviews, always for the same reason: she was asking for a euro1,000-euro1,100 net salary.
Taiwan's average total salary, which includes irregular earning such as the year-end bonus, reached a record high of NT$59,852 in the first quarter of this year, Vice Premier Shih Jun-ji said on Monday.