Salary and salary

Salary and salary refer to the remuneration that a professional or worker receives from an employer in exchange for their work or services.

However, salary and salary are not exact synonyms. Therefore, it is convenient to distinguish between them when talking about employee payroll and compensation systems in the accounting of a company.

	Salary	Salary
Definition	Remuneration received by a worker, as payment for his professional services.	Remuneration received by a worker, as payment for his professional services.
Characteristics	It is a fixed amount. It is calculated based on the number of work days, workload, skills, position, etc.. Includes labor benefits.	It is a variable quantity. It is calculated based on units of time worked (hours or days). Does not include labor benefits.

What is the salary?

The salary is the fixed remuneration or pay that a person receives from an employer for the performance of a position or service for a specified time.

As such, it is a fixed amount, previously agreed by both parties, which is paid periodically to the worker, either weekly, biweekly or monthly..

In this sense, the salary is not subject to discounts for holidays and will not vary if one month there are fewer working days than another..

See also:

• Difference between cost and expense.
• Fixed and variable costs

What is salary?

Salary is the payment or monetary compensation that a worker receives in exchange for his services. Unlike the salary, the salary is calculated based on days or hours of work, so it is fixed per unit of time.

A worker who works by the hour or by the day receives a salary that may vary depending on the time worked. In this sense, the salary is not like the salary, since it is not a fixed payment that is received weekly, biweekly or monthly, but an economic remuneration.

See also Contract and agreement