salary definition pay

  • Salary Synonyms Salary Antonyms | Thesaurus

    Synonyms for salary at Thesaurus with free online thesaurus antonyms and definitions Find descriptive alternatives for salary

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  • What does salary mean? definitions

    Definition of salary in the Definitions dictionary Meaning of salary What does salary mean? Information and translations of salary in the most comprehensive dictionary definitions resource on

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  • pay Wiktionary

    Aug 06 2019· The skipper Mr Cooke had hired at Far Harbor was a God fearing man with a luke warm interest in his new billet and employer and had only been prevailed upon to take charge of the yacht after the offer of an emolument equal to half a year's sea pay of an ensign in the navy

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  • Pay scale Wikipedia

    A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary based on one or more factors such as the employee's level rank or status within the employer's organization

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  • Pay Compression Law and Legal Definition | USLegal Inc

    Pay compression is the situation that occurs when there is only a small difference in pay between employees regardless of their skills or experience It is also referred to as salary compression Pay compression is the result of the market rate for a given job outpacing the increases historically given by the organization to high tenure employe

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  • Salary Structures Creating Competitive and Equitable Pay

    Salary structures are an important component of effective compensation programs and help ensure that pay levels for groups of jobs are competitive externally and equitable internally A well

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  • Salary Range Structure Practices

    Oct 08 2009· A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization Salary structures are often expressed as pay grades or job grades that

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  • What is a salary? definition and meaning

    Definition of salary Agreed upon and regular compensation for employment that may be paid in any frequency but in common practice is paid on monthly and not on hourly daily weekly or piece work basis and explained to him why I felt I deserved at least a seven percent annual increase in pay 31 people found this helpful Show More

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  • What Does It Mean When They Say Base Pay Salary? | Career

    Nov 26 2018· Base pay is the amount an employee earns per week or per year not including benefits commissions overtime bonuses and similar extras Base wages are the amount an employee earns per hour The base salary definition is that you earn your base pay regardless of how many hours you work

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  • Definition of salary Oregon Legal Glossary

    "Salary" does not include the following amounts (A) Travel or any other expenses incidental to employer's business which is reimbursed by the employer (B) Payments made on account of an employee's death (C) Any lump sum payment for accumulated unused sick leave vacation leave or

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  • What Is the Definition of Average Salary? | Bizfluent

    The term average salary refers to the amount of money that person in a particular profession mak This is meant to provide a general idea of the amount of money that a person entering that profession is likely to make A similar term used for the same purpose is "median" salary

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  • Salary Data & Career Research Center (United States)

    National Salary Rates for Jobs What is the average salary in the United States? Find national salary comparisons list of average salaries by profession common job skills and how pay varies

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  • Average wages median wages and wage dispersion

    As indicated in the explanation of the determination of the national average wage index (AWI) the latest annual change in the "raw" average wages is applied to the last AWI to obtain the next one Such raw average wages are the average amounts of net compensation (as distinct from total employee compensation) listed in the table below

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  • Salary dictionary definition | salary defined

    salary definition The definition of a salary is a regular fixed payment that a person earns for performing work during a specific period of time (noun) An example of salary is the fixed salary of $100 000 a year paid to a doctor

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  • Salary legal definition of salary Legal Dictionary

    Definition of salary in the Legal Dictionary by Free online English dictionary and encyclopedia What is salary? Meaning of salary as a legal term 2010 MLB Salary Arbitration Players See Pay Increase of 107 Percent Data in the Fiscal Year 2006 Salary Report reflect the census date of October 1 2005

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  • Salary definition and meaning | Collins English Dictionary

    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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  • What is fixed pay and variable pay in salary structure

    Jul 13 2019· Fixed pay is what is defined and fixed and you will get the same salary which was stated in the letter of salary structure Your package = Fixed Pay(X% of total package) + Variable pay(100 X% of total package) So Variable pay is the part of your

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  • What Is a Prorated Salary? | Reference

    A prorated salary is a payment made to an employee for a portion of hours worked instead of their normal salary for a completed work week A prorated salary is based on the employee's contracted amount of pay for the full year In order to calculate a prorated salary for a salaried employee an hourly rate must be established

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  • Pay Retention opmgov

    Pay retention may apply to an employee who is in a covered pay system or who is moving to a position under a covered pay system from a position not under a covered pay system (if the individual was an "employee" as defined in 5 CFR 536103 while in the noncovered pay system) (See definition of covered pay system under Key Terms) Exclusions

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  • Salary vs Hourly Pay What's the Difference?

    The Fair Labor Standards Act determines whether or not US workers are eligible to be paid by salary or must be paid an hourly wage Hourly workers must be paid time and a half for overtime

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  • Salary Range Structure Practices S

    Oct 08 2009· A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization Salary structures are often expressed as pay grades or job grades that

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  • Salary Definition Regulation twctexasgov

    Salary Definition Regulation Since the most frequently requested overtime exemption regulation is the one defining what a true salary is it is presented here in its entirety for the convenience of employers who need to see the full definition as adopted and enforced by the US Department of Labor Following is the text of 29 CFR 541602

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  • Pay Retention opmgov

    Pay retention may apply to an employee who is in a covered pay system or who is moving to a position under a covered pay system from a position not under a covered pay system (if the individual was an "employee" as defined in 5 CFR 536103 while in the noncovered pay system) (See definition of covered pay system under Key Terms) Exclusions

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  • Base Pay investopedia

    Base pay is the initial rate of compensation an employee receives in exchange for servic It excludes extra lump sum compensation such as bonuses or overtime pay as well as benefits and rais

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  • Fair Labor Standards Act (FLSA) Coverage (Exempt vs Non

    Whether an employee is paid on a salary basis is not affected by whether pay is expressed in hourly terms (as this is a fairly common requirement of many payroll computer programs) but whether the employee in fact has a "guaranteed minimum" amount of pay s/he can count on The FLSA salary basis test applies only to reductions in monetary amounts

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