Salary and Wages Overview

Front

What is a salary?

Back

A predetermined sum of money paid to an employee for their work, regardless of the number of hours worked or tasks completed.

Front

How often are salaries typically paid?

Back

Salaries are typically paid every month

Front

In which roles are salaries commonly found?

Back

Salaried positions are often found in professional or managerial roles.

Front

How are wages calculated?

Back

Wages are calculated based on the amount of time worked or tasks completed.

Front

What is a key characteristic of wage payments?

Back

Wages can fluctuate based on the number of hours worked or the number of daily tasks completed.

Front

Who typically receives wages?

Back

Wages are often paid to non-executive or hourly workers.

Front

What is overtime in relation to wages?

Back

Employees receiving wages are typically paid overtime at a higher rate for hours worked beyond their regular schedule.

Front

What legal regulation applies to wages?

Back

Wages are subject to legal minimum wage regulations.