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salary original definition


What is a salary? A salary is an annual amount agreed upon between company and employee and paid to the employee in increments on a schedule for work performed in a specific role. Salaries can be paid monthly, bi-monthly, bi-weekly or weekly. A salary for an executive manager might be $180,000 per year.

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Salary, overtime pay, tips, bonuses or any commissions, Any extra funds or GST vouchers, Insurance payouts or assistance from the government, Net income earned from an additional job, Payments for child support or alimony as per court orders, Income earned from investments or additional properties, Pensions,

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original nominal salary. Definition in the dictionary English. original nominal salary. Examples Stem. Match all exact any words . 106 In order to deal with those two complaints, the only ones raised by the applicants, it is necessary to examine whether the ECB made manifest errors of assessment by relying, for the purpose of drawing up the ...

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Annual salary is the total amount of money you gain in a year when your employer pays you for your work. You can calculate it as an accumulated amount over 12 months. Employers determine the salary based on hourly rates or salary wages.

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bold text. A salaried employee refers to an employee that gets paid a set amount of compensation for their work instead of an hourly rate. They receive the full amount of pay they're promised, regardless of how many hours they work during a workweek. Typically, salaried employees receive a regular, biweekly or monthly paycheck.

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Design one or more salary step guides or pay grade charts. Salary step guides and pay grade charts use columns and rows to display compensation. Use the information you have gathered to devise a salary step guide or pay grade chart. Example pay grade charts. Here are three example pay grade charts for your review: Example 1

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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.

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A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. ... a 2009 study of employees indicated that those who negotiated salary saw an average increase of $4,913 from their original salary offer.

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Basic salary is paid to exempt or professional employees who are expected to work for a set number of hours per week (usually 35-40). Such workers usually are not required to track the number of hours they spent on work. And if they work overtime, salaried employees don't get paid for it. Surely, it can differ depending on the employer.

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salary meaning: 1. a fixed amount of money agreed every year as pay for an employee, usually paid directly into his…. Learn more.

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The mean, or average, salary is the amount derived by adding two or more salary values and dividing the sum by the number of values. Like the arithmetic mean, this figure is easy to understand, easy to calculate and is least affected by sampling variation.

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Original Salary means the salary of the employee for each Pay Period during the salary sace period on the assumption that the employee's terms and conditions of employment had not been varied by this agreement or any similar agreement.

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salary definition: 1. a fixed amount of money agreed every year as pay for an employee, usually paid directly into his…. Learn more.

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salary. (n.) late 13c., salarie, "compensation, payment," whether periodical, for regular service or for a specific service; from Anglo-French salarie, Old French salaire "wages, pay, reward," from Latin salarium "an allowance, a stipend, a pension," said to be originally "salt-money, soldier's allowance for the purchase of salt" [Lewis & Short] noun use of neuter of adjective salarius "of or pertaining to salt; yearly revenue from the sale of salt;" as a noun, "a dealer in salt fish," from ...

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employee: [noun] one employed by another usually for wages or salary and in a position below the executive level.

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Definition of salary, noun, plural sal·a·ries. a fixed compensation periodically paid to a person for regular work or services. COMPARE MEANINGS, stipend salary, should, Origin of salary, First recorded in1350-1400; Middle English salarie, from Anglo-French, from Latin salārium "money given to soldiers to buy salt, salt money.", See sal, -ary,

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Command a salary definition: A salary is the money that someone is paid each month by their employer, especially when... | Meaning, pronunciation, translations and examples

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A stipend is a type of monetary compensation offered to interns, apprentices, trainees, research fellows, etc. Usually, it is much lower than the salary paid to full-time employees. Sometimes, it is even lesser than the minimum wage. However, the amount is pre-determined and depends on the employer's discretion.

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The basic formula for calculating the mean salary is (a+b+c….. n )/ n. So, to calculate the mean salary of five different salaries, the formula will add the values of the five salaries and divide the sum by five. For example, five employees are working in the same role across different companies and their salaries are as follows:

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Accordingly, if there is a 10% salary revision, it would mean an increase of 10% in all the components. However, a 10% salary increment would mean an increase in 10% of anyone component which mostly is the basic pay. Salary revision may be done in the following circumstances: If the salary structure of the company does not match that of the market.

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salary, noun [ C or U ] uk / ˈsæl. ə r.i / us / ˈsæl.ɚ.i /, B1, a fixed amount of money agreed every year as pay for an employee, usually paid directly into his or her bank account every month: an annual salary of £40,000, His net monthly salary is €2,500. She's on quite a good/ decent salary in her present job.

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Earned Salarymeans any Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends. Annual Earningsmeans your gross annual income from your Employer in effect just prior to the date of loss. It includes your total income before taxes.

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salary - WordReference English dictionary, questions, discussion and forums. All Free.

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Base Compensationmeans the amount equal to the sum of (i) the greater of Executive's then-current Annual Base Salary or Executive's Annual Base Salary as of the date one (1) day prior to the Change in Control, and (ii) the amount of any cash incentive bonus paid (or payable) for the most recently completed fiscal year of the Employer.

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salary and fringes definition, A phrase used to communicate the total compensation of a salaried employee. Fringe benefits (health insurance, vacation days, sick days, employer matching of Social Security and Medicare taxes, pension or 401-k contributions, etc.) are often a significant percentage of a person's salary.

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salary. The pay or wages you earn for doing your job is called your salary. You might prefer your low-paying job to one with a higher salary because you have so much fun with your co-workers. Salary comes from the Latin word salarium, which also means "salary" and has the root sal, or "salt." In ancient Rome, it specifically meant the amount of money allotted to a Roman soldier to buy salt, which was an expensive but essential commodity.

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Read more: Salary Range: Definition and How It's Used by Employers. 2. Decide how you will handle salary rate increases. Once you know what your competitive posture is, you can decide how you'll handle future salary rate increases for things like promotions and yearly raises. Choose what you want to base these raises on, whether that's an ...

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