What is the difference between "salary" and "wages"?
12 answers from our tutors
Salary is a monthly renumeration, whilst wages is either daily or weekly.
Salary : when an employee gets paid on a monthly basis. Wages : when an employee gets paid on a weekly basis.
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A salary is when you pay employees the same amount each pay period regardless of how much they work.In contrast a wage is an hourly rate you pay employees based on how much time they put in during a pay period.
- Zeeshan KhanCertified English teacher with 4 years of Experience
Salary is fixed amount of money that employees receive at the end of the month. On the other hand, wage is the amount that an employee would receive based on the amount of work he does.
Salary: Fixed amount. Wages: The amount you get depending upon the time or work, which you have done for your company etc. It is not fixed but varies.
Salary is fixed. You usually get it at the end of each month. The employers usually do not care how much work you have done but they calculate the number of days you were present in the office. Wage is what you receive for what you did at a specific period of time. For example your wage per hour may be $20. So if you work 2 hours you get $40.
Salary is a fixed amount, payable at regular intervals, It can be weekly or monthly payments straight to an employee's bank account. Whereas wages are hourly or daily payments for work done during the day. The main difference between salary and hourly wage is that salaries are fixed upon payments agreed to by both the employer and employee. Wages, on the other hand, may vary depending on hours worked and performance. For example: Wage ( payments for hours ) Let's say a worker works for 8 hours a day. He/She is paid $10 for an hour. This means that if a worker works for 8 hours a day, they get paid for the 8 hours. If you ask an employee to work overtime, they'll also get paid for that as well. Salary ( fixed payments ) : If a worker is paid $200 weekly or $2000 monthly, we then refer to it as a salary.
Salary is when you pay employees the same amount each pay period, regardless of the hours worked. A wage is an hourly rate you pay employees based on how much time they put in during a pay period.
Salary is the fixed amount of money paid to an employee for a set period of time, regardless of the hours worked. wages are the variable amount of money paid to an employee based on the hours spent or the output produced.
A salary is when you pay employees the same amount each pay period regardless of how much they work. A wage is an hourly rate you pay employees based on how much time they have worked during that period.
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