Salaries and Wages Checkpoint

This is usually paid to blue collar employees; paid to jobs which cannot be measured in terms of money’s worth.

• Wages

• Salary

• Incentive Pay

• Compensation

Paid to white collar employees; or to whose contribution cannot be measured easily.

• Wages

• Salary

• Incentive Pay

• Compensation

A comparative term; includes wages and all other allowances and benefits.

• Compensation

• Benefit

• Incentive Pay

• Salary

Employees who work in offices and generally with no manual tasks.

• White collar employees

• Blue collar employees

Employees who work in manual labor.

• White collar employees

• Blue collar employees

What are the two methods of paying salaries?

1. 1. By the ____ worked.

What are the two methods of paying salaries?

2. By the ______ of work produced.