Salary Meaning

Salary range also known as pay scale is a basic pay structure used to determine pay wage within an organization. The gross salary is the actual salary that was promised to the employee but the net salary is the one that is being paid to him.

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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.

Salary meaning. Money that employees receive for doing their job especially professional employees or people working in an office usually paid every month. A fixed amount of money agreed every year as pay for an employee usually paid directly into his. The amount of money received when starting a particular type of job for the first time.

Gross salary is determined by the employer when the job is offered. Net salary is said to be the physical amount that the employee gets his hands on and is exclusive from other fringe benefits. It is the gross monthly or annual sum earned by the employee.

What Is Basic Salary. Salary definition a fixed compensation periodically paid to a person for regular work or services. Gross salary can be defined as the amount of money paid to an employee before taxes and deductions are discounted.

The average monthly salary for an unskilled worker is 550. A salary is a form of periodic payment from an employer to an employee which may be specified in an employment contract. How to use salary in a sentence.

In economic terms a salary payment differs from a wage payment in two ways. Additions and deductions to basic salary can significantly affect the size of an employees paycheck. Implies a degree of professionalism andor autonomy.

The lawyer was paid a huge salary. The government has decided to increase salaries for all civil servants. A salary is the money that someone is paid each month by their employer especially when they are in a profession such as teaching law or medicine.

Plural salaries jump to other results. It is contrasted with piece wages where each job hour or other unit is paid separately rather than on a periodic basis. Fixed compensation for services paid to a person on a regular basis.

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. An annual salary of 40 000. Middle English salarie from Anglo-Norman from Latin salārium money given to Roman soldiers to buy salt from neuter of salārius pertaining to salt from sāl salt.

Basic salary also called base salary is the amount of money a salaried employee regularly earns before any additions or deductions are applied to their earnings. If the amount of the gross salary and net salary is almost equal then it means that the income tax levied is negligible. A salary employee or salaried employee is paid a fixed amount of money each month.

Employers can use these numbers to assure that each employee is being paid appropriately compared to their peers both. A salary is the regular payment by an employer to an employee for employment that is expressed either monthly or annually but is paid most commonly on a monthly basis especially to white collar workers managers directors and professionals. These adjustments may include such things as added bonuses or deductions for the employees company health.

What Does Gross Salary Mean. Salary plural salaries A fixed amount of money paid to a worker usually calculated on a monthly or annual basis not hourly as wages. The definition of a salary is a regular fixed payment that a person earns for performing work during a specific period of time.

It is a general range of salaries that sets salary expectations within a specific field. A salary is similar to a WAGE payment in that it is paid for the use of LABOUR as a factor of production. He received a salary of 24000.

Meaning of net salary. A form of PAY made to employees of an organization. An example of salary is the fixed salary of 100000 a.

Salary definition is - fixed compensation paid regularly for services. This gross salary might come from different sources such as wage commissions tips bonuses and any other. The median salary is the midpoint of that pay range.

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