A salary is the money that someone is paid each month by their employer, especially when they are in a profession such as teaching, law, or medicine. I'm paid a salary of £15, a year. Pay is a general noun which you can use to refer to the money you get from your employer for doing your job. A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. In accounting, salaries are recorded in payroll accounts.‎Wage · ‎Salary cap · ‎Salary packaging · ‎National average salary. Definition of salary - a fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employe.


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Zimbabwe[ edit ] Zimbabwe operates on a two tier system being wages and salaries. Each sector has its salary definition NEC; i. On the council are representatives from the unions and the employers.

Definition of 'salary'

The public sector is under the Public Service Commission and wages and salaries salary definition negotiated there.

If there is a stalemate it goes for arbitration with the Ministry of labour.


The ruling will become binding on all companies in that industry. Industries often then use their associations to negotiate and air salary definition views.


For example, the mining industry nominates an employee salary definition the chamber of mines to attend all meetings and subcommittee with industry players is a forum for discussions.

However, NEC obviously affects the relativity and almost acts as a barometer for salaried staff. Salaries and wages in Zimbabwe are normally paid monthly.

salary definition Most companies' pay around the 20th does allow various statutory payments and processing for the month end.

Government employees are also staggered to ease the cash flow though teachers are paid around mid-month being 16th. Agricultural workers are normally paid on the very last day of the month as they are contract employees. All government employees are paid through the bank.


Since "dollarisation" movement from the Zimbabwean dollar to Salary definition Zimbabwe has been moving toward a more informal sector and these are paid in 'brown envelopes'. This of course captures those that pay and keep records properly.

This is skewed downwards by the large number of government employees whose average salary is around there. At the top end salaries are quite competitive and this is to be able to attract the right skills though the salary definition of living is high so it balances this out.

A top-earning Zimbabwean spends a lot more money on necessities than say a South African top earner. This is more evident when a comparison with the United States or England is done.

The need to have a generator, borehole or buy water or take care of the extended family since there is no welfare given the government's financial position.

What is a salary? definition and meaning -

Salary definition workers could not withdraw their money, remuneration was often in the following forms: Fuel coupons were most popular and individuals were paid in liters of fuel The product that the company is selling; e.

By remunerating in the product it basically allowed the employees to side sell for real value. With "dollarisation" and higher cost of salary definition this is slowly being eroded.

This primarily focuses on salary, but extends to benefits, work arrangements, and other amenities as well. Negotiating salary can potentially lead the prospective employee to a higher salary.

Negotiating salary will thus salary definition yield an overall positive outcome for both sides of the bargaining table.

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