What is a Salary? | Definition & Meaning

OnPay

Payroll Software

Terms and Definitions

Salary

Salary definition and meaning

A salary is a fixed and regularly recurring wage, or compensation for work performed on behalf of an employer.

More about salary

While a salary can be any type of regular payment made to an employee, it’s most commonly used when referring to the total annual compensation paid to exempt, non-hourly employees. Salary can also refer to the exempt, non-hourly employee, themselves, as when differentiating between salary employees and hourly employees.

Using salary in a couple of sentences

“My annual salary is $52,000 a year.”
“She isn’t eligible for overtime because, she’s salary.”

Terms related to: Salary

Articles and resources related to: Salary

LET’S DO THIS

It’s easy to get started

Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.

First Name

Last Name

Company name

Work Email Address

Company Phone Number

Employee count

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

What is Salary?

Salary definition and meaning

More about salary

Using salary in a couple of sentences

LET’S DO THIS

It’s easy to get started