Category Archive : Definition of salary by different authors

2 Oct, 2012 | Akirg | Comments

Definition of salary by different authors

Salary is financial compensation an employee receives for performing the job, and part of an employee compensation package. Salary can be on an hourly, daily, weekly, monthly, or yearly basis. Salary may also include overtime pay, bonuses, and commissions. Laws governing payment of minimum wages and overtime may cover salaried employees. The applicability of such laws is determined by the job duties performed and nature of the position, rather than whether wages are paid hourly or on a salary basis.

Salary is a matter of negotiation between an employer and an employee or employee's representative. However, salaries of public employees are usually defined by statute.

There are also various federal and state laws, which vary by state, which prohibit discriminatory practices in salary offers, such as offering lower salaries to employees based on their sex, race or religion. Find Attorney. For Attorneys. We Help! No Hassles Guarantee.

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Search: Search. Salary Law and Legal Definition. Advanced Search. Get Help My Account.Salary Structure is the structure or details of the salary being offered in terms of the breakup of the various components that constitute the compensation. Salary Structure is the set of parameters that define the salary. Two people can have the same salary but still get different amounts of money every month this would happen when the salary structure is different.

Salary structure is a very important information which determines the in hand pay, gross salarynet salaryallowances etc.

Basic salary forms the basis of salary structure many a times. Most of the components may be defined as percentage of basic salary. Special Allowances: Makes up for the remainder part of the salary, mostly smaller than the basic salary and completely taxable.

Gratuity: It is basically a lump sum amount paid by the employer when the employee resigns from the organization or retires. Provident Fund: Fund collected during emergency or old age. Medical Allowance: The employer pays the employee for the medical expenditures incurred. It is tax free up to Rs. Done to primarily increase employee retention. These are just few of the components which can be included in a typical salary structure but it may vary from company to company.

There are certain rules that it is mandatory to give PF if the company is greater than n number of employees in size. A smaller company may give some other components and a bigger company may give a different set of components in their salary. Hence, this concludes the definition of Salary Structure along with its overview.

definition of salary by different authors

Browse the definition and meaning of more terms similar to Salary Structure. The Management Dictionary covers over business concepts from 6 categories. Write for Us! Quizzes test your expertise in business and Skill tests evaluate your management traits. Related Business Content. Top Companies Lists.

definition of salary by different authors

Start Learning Now! Prev: Salary Range or Pay Ra. Next: Salary Survey. Share this Page on:. Similar Definitions from same Category:. Management Quizzes Skills Tests. Follow us on.Writers or authors who work for news organizations must verify news sources, conduct interviews, and conduct independent research related to what they are planning to write.

When working with material on a spec. For You. Start Salary Survey. Salary Research. By Company. Salary Negotiation Guide. Career Advice. For Your Business. Get a Demo. Price a Job for Free. Compensation Software. Insight Lab. Compensation Advice.

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Find out what you should be paid Use our tool to get a personalized report on your market worth. What's this? United States change. Profit Sharing. Total Pay. Tell us about your job and pay factors like skills and education.Dictionary Term of the Day Articles Subjects.

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Uh oh! You're not signed up. Close navigation. Related Terms. Agreed-upon and regular compensation for employment that may be paid in any frequency but, in common practiceis paid on monthly and not on hourly, dailyweekly, or piece-work basis.

Bob realized the reason he was so unhappy with his job was his lower-than-average salaryso he scheduled a time to talk to his boss about a raise. I had a long discussion with my manager about my salaryand explained to him why I felt I deserved at least a seven percent annual increase in pay.

Show More Examples. You Also Might Like Lyndsey McLaughlin. If you have been offered a job, it can be tempting to instantly accept it and then realize after careful consideration, that the package is not what you expected or is less than market value. You don't need to accept a job just because you have been Read more.

How to Effectively Recruit Top Talent.

definition of salary by different authors

Ravinder Kapur. Starting a small business is a dream that many people have. While there is certainly a risk of failure, the benefits of success are many. It is possible to make much more money working for yourself rather than for someone else and you will have the Mentioned in These Terms straight salary plan salary reduction plan salary savings insurance salary structure salary cap base salary gross salary.A fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages.

To pay on the basis of a period of a week or longer, especially to convert from another form of compensation. 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. From the point of a view of running a business, salary can also be viewed as the cost of acquiring human resources for running operations, and is then termed personnel expense or salary expense.

In accounting, salaries are recorded in payroll accounts. 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 stages at fixed intervals, for example, monthly payments of one-twelfth of the annual salary. Salary is determined by market pay rates for people doing similar work in similar industries in the same region. Salary is also determined by the pay rates and salary ranges established by an individual employer.

Salary is also affected by the number of people available to perform the specific job in the employer's employment locale. A fair, just, moderate and specific monthly amount of money an employer must legally pay to an employee for a form of employment agreed in the terms and agreement of an employment contract and the specific details of the law or legislation relating to this type of employment created by a local unity government, regional unity government, national unity government, european unity government or international unity government that is empowered to create this type of law or legislation.

The government's negligence toward us has created bitterness among the volunteer fighters risking their lives in order to protect the country, we did not receive any salarywhile the government is continuing to pay the salaries of the soldiers and the policemen who abandoned their positions without fighting in June.

If you have the same capacities and you are doing the same job, it is criminal not to pay the same salary. This isn't fair,'.

Job Satisfaction Definition: Why Most Managers Get It Wrong

Alexandria Ocasio-Cortez :. Members of Congress, retail workers, everybody should get cost of living increases to accommodate for the changes in our economy. And then when we dont do that, it only increases the pressure on members to exploit loopholes like insider-trading loopholes, to make it on the back end.

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Word in Definition. Princeton's WordNet 3. Wiktionary 5.

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Origin: From salarium, from sal. Webster Dictionary 2. Freebase 2. Chambers 20th Century Dictionary 5. Editors Contribution 0. A salary is normally paid monthly. Submitted by MaryC on February 27, How to pronounce salary? Alex US English. Daniel British.

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Karen Australian. Veena Indian. How to say salary in sign language? Examples of salary in a Sentence Hassan Saleh : The government's negligence toward us has created bitterness among the volunteer fighters risking their lives in order to protect the country, we did not receive any salarywhile the government is continuing to pay the salaries of the soldiers and the policemen who abandoned their positions without fighting in June.A reward or recompense for services performed.

It is usually applied to the reward paid to a public officer for the performance of his official duties. The salary of the president of the United States is twenty-five thousand dollars per annum; Act of l8th Feb. Salary is also applied to the reward paid for the performance of other services; but if it be not fixed for each year, it is called honorarium.

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According to M. Duvergier, the distinction between honorarium and salary is this. By the former is understood the reward given to the most elevated professions for services performed; and by the latter the price of hiring of domestic servants and workmen.

There is this difference between salary and price; the former is the reward paid for services, or for the hire of things; the latter is the consideration paid for a thing sold.

Mentioned in? References in classic literature? It was enough to drive Rabourdin out of the service; but how could he give up his salary of eight thousand francs and perquisites, when they constituted three fourths of his income and his household was accustomed to spend them? View in context. Railroad companies offered Vail a salary that was higher and sure, if he would superintend their mail business. Formerly they had wardships, courts of justice, now they have the district council--not in the form of bribes, but in the form of unearned salary ," he said, as hotly as though someone of those present had opposed his opinion.

When we borrowed the feeing fashion from Europe a dozen years ago, the salary system ought to have been discontinued, of course.

Neither you, nor I, nor my informant, nor the man who informed him, nor the directors of the Porphyrion, are to blame for this clerk's loss of salary. It's just the shoe pinching--no one can help it; and it might easily have been worse. It was desirable that chaplaincies of this kind should be entered on with a fervent intention: they were peculiar opportunities for spiritual influence; and while it was good that a salary should be allotted, there was the more need for scrupulous watching lest the office should be perverted into a mere question of salary.

The salary was comparatively large, and would make safe our marriage. But the study reveals that smaller metro areas cities like Provo, Utah, and Omaha, Nebraska are becoming mini tech hubs where tech workers can find salaries that are double, sometimes triple, the average salary of the state. Ever wonder how much tech workers get paid in your town?

Salaries of other school workers will also increase in connection with an increase in the minimum salary of teachers, deputy head of the administration of the Azerbaijani Ministry of Education Farzali Gadirov said,Trendreports on June Salaries of teachers and other school workers to increase in Azerbaijan. Legal browser? Full browser?To save this word, you'll need to log in. I enjoyed the book, but I can't remember the name of the author.

She is the author of a plan for reforming the school system. Why to design with wellness lighting in mind," 28 Mar. Sanjay Gupta's coronavirus podcast for April 2," 2 Apr. Tom Harkin that helped to develop the biofuels industry. Marcy Kaptur and the people who want to replace her in Congress," 24 Feb. Send us feedback. See more words from the same century From the Editors at Merriam-Webster.

Accessed 15 Apr. Keep scrolling for more More Definitions for author author. Entry 1 of 2 : a person who has written something especially : a person who has written a book or who writes many books : a person who starts or creates something such as a plan or idea author. Please tell us where you read or heard it including the quote, if possible. What does capricious mean?

definition of salary by different authors

Test Your Knowledge - and learn some interesting things along the way. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Or is it 'inessential'? Or 'unessential'? For Whom the Grammar Rules When is 'whom' the right choice? And who put it there, anyway? Literally How to use a word that literally drives some people nuts. Is Singular 'They' a Better Choice?

Come look at pictures of baby animals. Can you correctly identify these flowers? Can you spell these 10 commonly misspelled words? Listen to the words and spell through all three levels. Login or Register. Save Word. Log In. Keep scrolling for more. Examples of author in a Sentence Noun The author of the article didn't check his facts.

Verb authored a new biography of Thomas Jefferson. Recent Examples on the Web: Noun The author learned this recipe from her mother, Beverly, who learned it from her mother, Ida. First Known Use of author Noun 14th century, in the meaning defined at sense 2a Verbin the meaning defined above.