wage and salary
Our editors will review what you’ve submitted and determine whether to revise the article.
- Related Topics:
- gender wage gap minimum wage wage theory guaranteed wage plan comparable worth
wage and salary, income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self-employed. Labour costs are not identical to wage and salary costs, because total labour costs may include such items as cafeterias or meeting rooms maintained for the convenience of employees. Wages and salaries usually include remuneration such as paid vacations, holidays, and sick leave, as well as fringe benefits and supplements in the form of pensions or health insurance sponsored by the employer. Additional compensation can be ...(100 of 3590 words)