Jobs glossary
What is Salary?
Salary — The monetary compensation offered to an employee in return for the services he provides. A salary is part of a 'compensation package'. The way in which as salary is determined differs depending on the company but can be based on an hourly, daily, weekly, monthly or yearly rate. An employee's total salary will also include any overtime pay, bonuses and commissions. Please also see 'Benefits and…
The monetary compensation offered to an employee in return for the services he provides. A salary is part of a 'compensation package'. The way in which as salary is determined differs depending on the company but can be based on an hourly, daily, weekly, monthly or yearly rate. An employee's total salary will also include any overtime pay, bonuses and commissions. Please also see 'Benefits and Compensation Package'