Updated: July 25, 2024
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