Salaries and Wages

It is a fixed amount of money that an employee typically receives

on a monthly or bimonthly basis, but it may also expressed as annual sum.

It is a worker’s compensation that is based on an hourly rate of pay and the number of hours worked.

It is the total amount that people earn from their employment, businesses, investments, and the professional services that they render.

It is the collective term for non-wage compensation, allowances, or incentives that are given to employees in addition to their regular wages or salaries.

It is the total amount that people earn for performing a specific job during a specific period.

• Net earnings

• Gross earnings

It is the resulting amount after deductions like tax, insurance, and contributions are applied on the total amount that people earn for performing a specific job during a specific period.

• Net earnings

• Gross earnings

It is the least possible compensation that a worker in a specific region and industry should receive in exchange for his rendered service.

• premium pay

• income

• compensation

• minimum wage

It is the amount of time an employee spends work beyond the maximum number of regular working hours that the law requires.

• night shift differential

• working hours

• overtime

• holiday pay

It is the additional compensation required by law for work performed within 8 hours on nonworking holidays.

• holiday pay

• premium pay

• overtime pay

• night shift differential

It is the additional compensation given to an employee who works between 10 PM to 6 AM.

• overtime pay

• night shift differential

• holiday pay

• premium pay