Salary And Wages Difference In Hindi

Salary is paid to employees who possess the skills and efficiencies in completing the office work. Difference between salary and wage.

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Difference between award and reward in hindi simple gyan duration.

Salary and wages difference in hindi. Salary is given to those who are engaged in administrative or office work job. Wages salaries math with business applications payroll unit duration. Whereas wages are paid to the labours who are engaged in manufacturing processes and do the work on an hourly basis.

In other words a salaried employee with a relatively low annual salary must be given overtime compensation if the person s hours worked are greater than 40 hours per week. The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour. Salary refers to how much you get paid every year.

Salary is a paymen which is paid by employer to the employee for what he was employed for after every month. And state law protects employees from having to work more than 40 hours per week when their wages or salary is below a certain level. No salary can be below the minimum wage if one exists in that country.

Wage earners often have to give up pay for leaving early coming in late missing a day or taking a vacation. Wage is a payment which is paid by employer to the employee for what he was employed on regular or weekly or daily basis depending on the hours worked by the employee. There are people who use the terms salary and wages interchangeably without realizing that the difference between the two terms goes beyond monthly earnings.

Someone who is paid a salary is paid a fixed amount in each pay period with the total of these fixed payments over a full year summing to the amount of the salary. Salary earners rarely have to punch a time clock or keep an accurate account of their hours because they get paid for performance rather than by the hour. For example if the minimum wage is 10 per hour and the employee works 40 hours per week his or her salary cannot be less than 20 800 per year 10 x 40 hours per week x 52 weeks in a year.

Though wages are income and salary is also nothing else but income of an individual there are subtle differences between salary and wages that will be highlighted in this article.

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