salary
Sign in to saveA salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.
AI overview
A salary is a regular payment that an employer gives to an employee, typically specified in an employment contract, rather than paying for individual tasks or hours worked separately. It matters because it represents a stable income for employees and a predictable personnel cost for employers to account for in their business operations.
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Article
27 sectionsContents
- History
- First paid salary
- ''Salarium''
- Roman empire and medieval and pre-industrial Europe
- Commercial Revolution
- Share in earnings
- Second Industrial Revolution
- 20th century
- Salary and other forms of payment today
- By country
- Botswana
- Denmark
- European Union
- India
- Italy
- Japan
- Poland
- South Africa
- Spain
- The Netherlands
- United States
- Zimbabwe
- Negotiation of salary
- Pay gaps
- See also
- References
- External links
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.
A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.