Q:

What does "salary" mean?

A:

Quick Answer

A salary is a fixed regular compensation amount employers give to their employees for their services. Employers generally deliver a salary as a paycheck on a weekly, bi-weekly or monthly basis. A salary is most often expressed as an annual sum of money and not as an hourly wage.

Know More

Full Answer

Salaries are most common with white-collar work and not as common with labor-intensive jobs where workers must clock in and out using time cards. While a salary is the dollar compensation amount an employee receives, it does not include other benefits, such as health insurance, vacation days, paid time off and other perks.

Learn more about Currency & Conversions

Related Questions

Explore