definition of a salary
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Definitions &Translations Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
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Definitions &Translations A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
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Definitions &Translations A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
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- Salary is a fixed amount paid to the employees at regular intervals for their performance and productivity whereas wages are the hourly-based payment given to the labor for the amount of work finished in a day. To further enhance the understanding below is the basic difference between salary and wages:
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- Definition: Salary range is the range of pay that has been established to be paid to employees performing a particular job or function. Salary range generally has a minimum pay rate, a maximum pay rate, and a series of mid-range opportunities for pay increases.
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Definition of salary scale Definition of salary scale. A scale showing the rates of pay for employees working at each level of an organization. It also shows the increases in pay an employee gets when they spend a certain length of time at a particular level. [1]
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What is the difference between a salary and a wage? A Wage is, as mentioned, an amount paid per hour. A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour.Salary is paid notwithstanding the amount of hours to usually Management employees.He gets paid $10 per hour. wage is better because you get paid for how many hours you work, while, with a salary, you get a set amount of payment. An example of a job that gets a salary is a teacher. It doesn't matter how much homework they grade over weekends and vacations, they get the same amount of money. What a Salary looks like:
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Salary In accounting, salaries are recorded in payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary. general rule for comparing periodic salaries to hourly wages is based on a standard 40 hour work week with 50 weeks per year (minus two weeks for vacation). (Example: $40,000/year periodic salary divided by 50 weeks equals $800/week.
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- noun (plural salaries). A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage.More example sentences. fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage. More example sentences.
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Definition of salary scale Definition of salary scale A scale showing the rates of pay for employees working at each level of an organization. It also shows the increases in pay an employee gets when they spend a certain length of time at a particular level.
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Definitions &Translations In accounting, salaries are recorded in payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
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- 4 Income from Salaries 4.1 Salary The meaning of the term ‘salary’ for purposes of income tax is much wider than what is normally understood. Every payment made by an employer to his employee for service rendered would be chargeable to tax as income from salaries.
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What is the difference between a salary and a wage? a wage is as mentioned an amount paid per hour a salary is a fixed amount of pay per week or month usually paid semi monthly a yearly pay is known as an annual amount or annual pay minimum wage as of july 15 2009 is $ 7 25 per hoursalary is paid notwithstanding the amount of hours to usually management employeeshe gets paid $ 10 per hour yearly pay is known as an annual amount or annual pay minimum wage as of july 15 2009 is $ 7 25 per hour salary is paid notwithstanding the amount of hours to usually management employees
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base salary Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee.
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- FLSA Overtime Security Advisor A salary is a predetermined amount of pay that constitutes all or part of the employee's compensation for the pay period. This predetermined amount is a fixed amount and may not be reduced based on the quality or quantity of the work performed.
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- Basic Salary definition. Basic salary is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus.llowances, such as internet for home-based workers or contributions to phone usage, would also be added to the basic salary. This compares with gross salary and net salary. Companies also use the term cost to company, which refers to the total cost to the company of employing someone.
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base salary base salary. Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee.
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- Definition: Salary range is the range of pay that has been established to be paid to employees performing a particular job or function. Salary range generally has a minimum pay rate, a maximum pay rate, and a series of mid-range opportunities for pay increases.he number of people available to perform a specific job in the employer’s region, competition for employees with the needed skills and education, and the availability of jobs, in general help employers set the salary range for a particular job.
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What Is the Difference Between Paying a Stipend & Wages? A wage is compensation in the form of money for work performed. Earning a wage means regular payments from an employer who controls the work hours and workplace and supplies necessary tools, clothing and equipment.
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Paying salary What is salary. Salary refers to remuneration, including allowances, paid for work done under a contract of service. It does not include: 1  The value of accommodation, utilities or other amenities.2  Pension or provident fund contribution paid by the employer. 3  Travelling allowance. 4  Payments for expenses incurred during work.hat is salary. Salary refers to remuneration, including allowances, paid for work done under a contract of service. It does not include: 1  The value of accommodation, utilities or other amenities.
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- Salary range is the range of pay that has been established to be paid to employees performing a particular job or function.
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How Does a Salary Range Work? Definition: Salary range is the range of pay that has been established to be paid to employees performing a particular job or function.Salary range generally has a minimum pay rate, a maximum pay rate, and a series of mid-range opportunities for pay increases.alary range is also affected by additional demographic and market factors. The number of people available to perform a specific job in the employer’s region, competition for employees with the needed skills and education, and the availability of jobs, in general help employers set the salary range for a particular job.
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Salary From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense.
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- A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour. Salary is paid notwithstanding the amount of hours to usually Management employees.
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Salary Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.n fact, a 2009 study of employees indicated that those who negotiated salary saw an average increase of $4,913 from their original salary offer. In addition, the employer is able to feel more confident that they have hired an employee with strong interpersonal skills and the ability to deal with conflict.
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- Wiktionary(5.00 / 2 votes)Rate this definition: 1  salary(Noun) A fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages. 2  salary(Verb) To pay on the basis of a period of a week or longer, especially to convert from another form of compensation.