Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the difference between salary and wage? Which is applicable for you?

user-image
Question added by Fazlul Hoque , Assistant Director , DoF,GoB
Date Posted: 2013/12/23
Fazlul Hoque
by Fazlul Hoque , Assistant Director , DoF,GoB

The most common difference between a wage and a salary is that wages are often paid per hour or weekly while Salary on the other hand refers to how much one is paid monthly or yearly. The earners are normally paid for performance but not by the hour.

 

Salary is the monthly salary that is normally calculated on an annual basis. Wages on the other hand are those compensations that are paid per hour or per days worked.

 

The main difference between salary and wage is that wages are mostly paid by the hour whereas salaries are mostly paid constantly, consistently and the same amount either at the end of the week, month or end of the year. Other differences include; those who earn salaries are paid for time off whereas those earning wages are not paid for time off, those earning salaries rarely get paid for overtime whereas those earning wages get paid for overtime and lastly, those earning salaries enjoy perks and benefits whereas those earning wages do not enjoy any perks or benefits.

 

I regularly draw my salary on monthly basis from my office.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.