Salary - GCSE Business Definition

A salary is a fixed, regular payment made by an employer to an employee. Usually expressed as an annual amount, it can be paid on a weekly or monthly basis. It is mostly associated with white-collar or professional jobs and does not vary according to the number of hours worked or tasks completed.

Salaried employees often receive the same amount every pay period, providing them with a stable and consistent income. Unlike wages, which are paid based on hours worked, a salary reflects the responsibilities and expectations of a job's role and may include additional benefits such as holiday entitlement and sick pay.