Employee salary and wage payment
The terms �wages� or �salary�, which are essentially different descriptions of the same thing, namely the employee�s remuneration for work performed. However, generally an annual salary is predetermined remuneration negotiated between employer and employee and is typically paid weekly, fortnightly, or monthly. Wages generally refer to pay calculated on an hourly rate and is normally paid weekly or fortnightly. Both salary and wages must meet or exceed minimum wage rates
Other glossary terms
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