What Is The Difference Between Salary And Salary

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What Is The Difference Between Salary And Salary
What Is The Difference Between Salary And Salary

Video: What Is The Difference Between Salary And Salary

Video: What Is The Difference Between Salary And Salary
Video: What's the Difference between Salary and Wages? 2024, November
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The terms salary and wages refer to the same economic variety - the wages of workers. But, despite this similarity, there are significant differences between these concepts from each other. What is the difference between salary and wages.

What is the difference between salary and salary
What is the difference between salary and salary

The essence of "salary" and "salary"

Salary is the amount of monetary remuneration that is initially offered to an employee when hiring for a position and is necessary to calculate the final amount. The salary is recorded in the employment contract of the new employee, as well as in the order when hiring. This indicator is the basis for further calculation of other indicators.

Salary is the amount of monetary remuneration that is given to the employee "on hand" after taking into account all allowances and deductions. When calculating the salary, the salary amount is used. Various bonuses are added to it, bonuses, for example, for good fruitful work (these payments are variable, since they may or may not be, depending on the results achieved, established by the organization itself); various additional payments for work in the evening, at night, on holidays and weekends; compensation, for example, "for harm" at work. Also, the employer himself, at his discretion, can pay extra for seniority, combining several positions, and frequent business trips. In addition, there are northern and regional coefficients for those workers who work in the Far North and areas equal to it. On the other hand, personal income tax, various deductions for damage to property and more are deducted from the salary.

Differences between salary and wages

What is the difference between a salary and a salary? The most important difference between them is the calculation of one indicator based on the other. That is, there is a basic salary for each specific position according to the staffing table, and the salary is calculated based on this indicator and all allowances, as well as deductions, which are regulated by law in Russia.

The amount of the salary is immediately recorded in the documents, as soon as a person gets a job, the salary is calculated after a month of work in the organization (or another, previously agreed period), or upon dismissal.

The amount of the salary is fixed and is reflected in the staffing table of the organization. The salary is calculated based on the amount of the salary. On the other hand, wages do not affect the size of the salary in any way.

Thus, both salary and wages are remuneration for labor. But, the salary is a constant and fixed value, and the salary is variable and depends on many factors: qualifications, work experience, working conditions, quality of work, and so on. Sometimes the salary and the salary are the same, but in most cases the salary is only a part of the salary (sometimes ½ of the salary or even less).

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