The meaning of SALARY is fixed compensation paid regularly for services. How to use salary in a sentence.
When you as an employee are analyzing the comprehensive compensation package associated with a potential job opportunity, it’s crucial to gain a clear understanding of the base salary, often referred to as base pay. For individuals searching for the meaning of “base salary” or wondering, “Wh...
Definition of Salary in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Salary? Meaning of Salary as a legal term. What does Salary mean in law?
The meaning of SALARY/PAY REVIEW is a review of an employee's work and performance by an employer to decide by how much the employee's pay or salary should be increased.
Ordinary salary means the employee’s salary in respect of ordinary hours worked, excluding any premium amount paid for work on a Sunday, public holiday or in respect of overtime payable to an employee, or any allowances; and “monthly salary” shall have the same meaning; Sample 1Sample 2...
Annual Base Salary shall have the meaning set forth in Section 3(a). Base LIBOR Rate means the rate per annum, determined by Agent in accordance with its customary procedures, and utilizing such electronic or other quotation sources as it considers appropriate (rounded upwards, if necessary, to...
a form ofPAYmade to employees of an organization. A salary is similar to aWAGEpayment in that it is paid for the use ofLABOURas a factor of production. In economic terms, a salary payment differs from a wage payment in two ways: ...
And, as the end of the year rolls around, there’s one particular payroll concept that you might need to be aware of: the 13th salary, or 13th-month pay. This is an additional payment paid to employees, usually (but not always) at the end of the year. It’s not a Christmas bonus...
FBP full form and meaning in salary FBP stands for flexible benefit plan. It is a scheme that helps employees structure and modify their CTC according to their financial needs. Many companies offer allowances for food, travel, and telephone and internet bills as part of their flexible benefit ...
Salary reduction contributions allow employees to establish automatic, recurring deductions from their paychecks and contribute to an employer-sponsored retirement account. Salary reduction contributions are traditionally pre-tax, meaning the contribution amounts reduce the individual's taxable income in the ...