Munich is one of the most prosperous and fastest growing cities in Germany, and the seat of numerous corporations and insurance companies. It is a top-ranked destination for migration and expatriate location, despite being the municipality with the highest density of population (4,500 inh. per kmÂ²) in Germany.
Definition. According to the U.S. Department of Labor, when an employee is paid on a salary basis, this means essentially that she receives regular pay on a regular basis, and that this amount doesn't fluctuate in regard to the quality or quantity of work actually performed.or example, you may not be permitted to dock a salaried employee's pay for partial days of absence. You have the freedom to create your own policy for sick pay, so that, although your employees enjoy a certain level of financial security, they can't take advantage of you.
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: