Difference between revisions of "Salary"
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(New page: '''Salary''' is money given in payment to a person as remuneration for their work as an employee. In general, the term is used to mean pay for 'high status' occupations; those in 'low stat...) |
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| − | '''Salary''' is money given in payment to a person as remuneration for their work as an employee. In general, the term is used to | + | '''Salary''' is money given in payment to a person as remuneration for their work as an employee. In general, the term is used to describe payment in a lump sum, regardless of hours worked. Those who get payed by the hour receive [[wages]]. |
| − | The word salary derives from the [[Latin]] for [[salt]] | + | The word salary derives from the [[Latin]] for [[salt]] as in the approving saying, "He's worth his salt". In ancient times salt was a very expensive commodity, and [[Ancient Rome|Roman]] solders were sometimes payed in salt. |
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Revision as of 18:10, October 18, 2008
Salary is money given in payment to a person as remuneration for their work as an employee. In general, the term is used to describe payment in a lump sum, regardless of hours worked. Those who get payed by the hour receive wages.
The word salary derives from the Latin for salt as in the approving saying, "He's worth his salt". In ancient times salt was a very expensive commodity, and Roman solders were sometimes payed in salt.