Wage usually refers to an hourly rate, and salary to a weekly or semi-monthly rate. So if a wage earner works 40 hours one week and 45 the next week, he gets paid more for the second week.A salaried worker works long enough to get the job done and usually gets the same pay every payday. Wage usually refers to an hourly rate, and salary to a weekly or semi-honthly rate.
Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Seventy-five million workers earned hourly wages in the United States in 2012, making up 59% of employees. In the United States, wages for most workers are set by market forces, or else by collective bargaining, where a labor union negotiates on the workers' behalf. (4) Wages for some occupations that do not generally work year-round, full time, are reported either as hourly wages or annual salaries depending on how they are typically paid. (5) This wage is equal to or greater than $90.00 per hour or $187,199 per year. May 2014 National Occupational Employment and Wage Estimates. $19.67. (2) Annual wages have been calculated by multiplying the hourly mean wage by a year-round, full-time hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data. Minimum Wage California’s minimum wage is $8.00 per hour and the federal minimum wage is $7.25 per hour. More ». Read about 2014 minimum wage increases and local ordinances. 1  Split Shift PaySplit Shift PayA split shift is any two distinct work periods separated by more than a one-hour meal period. Wages and Salaries. This section begins with a comprehensive discussion of California’s minimum standards for straight-time hourly wages, incentive pay and special pay arrangements as required by the Industrial Welfare Commission (IWC) Wage Orders. A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done. Payment may be calculated as a fixed amount for each task completed (a task wage or piece rate), or at an hourly or daily rate, or based on an easily measured quantity of work done. Seventy-five million workers earned hourly wages in the United States in 2012, making up 59% of employees. In the United States, wages for most workers are set by market forces, or else by collective bargaining, where a labor union negotiates on the workers' behalf. Since salaried employees earn a specified annual amount, it is likely that their gross pay for each pay period is the same recurring amount. For example, if a manager's salary is $48,000 per year and salaries are paid semi-monthly, the manager's gross pay will be $2,000 for each of the 24 pay periods. The pay for these employees is generally stated as a gross, hourly rate, such as $13.52 per hour.. Again, the gross amount refers to the pay an employee would receive before withholdings are made for such things as taxes, contributions, and savings plans. A general rule for comparing periodic salaries to hourly wages is based on a standard 40 hour work week with 50 weeks per year (minus two weeks for vacation). (Example: $40,000/year periodic salary divided by 50 weeks equals $800/week. Adjustments to the minimum wage are made twice a year; on January 1 and on July 1. The minimum wage for a 21-year-old on January 1, 2013 is 1,065.30 Euro netto per month and on July 1, 2013 this minimum wage is 1,071.40 Euro netto per month. The Department of Labor enforces the Fair Labor Standards Act (FLSA) , which sets basic minimum wage and overtime pay standards. These standards are enforced by the Department's Wage and Hour Division. Minimum Wage. 1  Current Minimum Wage: $7.25 per hour. 2  Applies to workers covered by the FLSA. 3  Effective as of July 24, 2009. 4  Overtime Pay: Not less than one and one-half times regular rate of pay. 5  Required after 40 hours of work in a workweek.  A Wage is, as mentioned, an amount paid per hour. A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour. Salary is paid notwithstanding the amount of hours to usually Management employees. He gets paid $10 per hour. Wage usually refers to an hourly rate, and salary to a weekly or semi-honthly rate. So if a wage earner works 40 hours one week and 45 the next week, he gets paid more for the … second week. A salaried worker works long enough to get the job done and usually gets the same pay every payday
https://en.wikipedia.org/wiki/Wage http://www.bls.gov/oes/current/oes_nat.htm http://www.calchamber.com/hrcalifornia/hr-library/pay-scheduling/wages-salaries/Pages/wages-and-salaries.aspx https://en.wikipedia.org/wiki/Wage http://www.accountingcoach.com/payroll-accounting/explanation/2 https://en.wikipedia.org/wiki/Salary http://www.dol.gov/dol/topic/wages/index.htm http://www.answers.com/Q/What_is_the_difference_between_a_salary_and_a_wage
salary and wage