hi i am neha from faridabad i am working as a personnel manager in a limited firm. i want to know te difference between salary and wages? i mean defination of salary and wages. kindly guide me neha
From India, Faridabad
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1From India, Faridabad
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Hi Neha,
Salary and wages are the same terms used in different circumstances. The workers who work are paid wages, and we as professional people get a salary. Basically, on a lighter note, people working physically are paid wages, and we who work mentally are paid a salary.
Hope it clarifies!!
Raiton Menezes :) :!: 😉
From India, Mumbai
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Salary and wages are the same terms used in different circumstances. The workers who work are paid wages, and we as professional people get a salary. Basically, on a lighter note, people working physically are paid wages, and we who work mentally are paid a salary.
Hope it clarifies!!
Raiton Menezes :) :!: 😉
From India, Mumbai
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Salary is basically paid on monthly basis wages are either daily rated or piece basis rated(for calculation resons only) kamlesh K
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I have one query.
1) I would like to inquire about leave encashment for one of our staff members (Monthly rate). The basic rate is Rs. 5000/- and the PL balance is 30 days.
2) I would also like to inquire about leave encashment for one of our bargainable workers (Daily rate). The basic rate is Rs. 5000/- and the PL balance is 30 days.
Kindly guide me on how to calculate leave encashment.
Waiting for your reply.
From,
Sachin Dethe
From India, Pune
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1) I would like to inquire about leave encashment for one of our staff members (Monthly rate). The basic rate is Rs. 5000/- and the PL balance is 30 days.
2) I would also like to inquire about leave encashment for one of our bargainable workers (Daily rate). The basic rate is Rs. 5000/- and the PL balance is 30 days.
Kindly guide me on how to calculate leave encashment.
Waiting for your reply.
From,
Sachin Dethe
From India, Pune
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What a "Salary" looks like: $45,000 per year.
What a "Wage" looks like: $16.50 per hour.
So basically, a salary tells you how much you'll earn either in a month or a year, while a wage tells you how much you'll earn in an hour (and a day, too? Not sure on this).
In my view, wages are paid to the labor directly involved in production, either receiving money hourly, monthly, or weekly, while a salary is paid to the worker or staff related to administration and selling. Wages become part of the product cost, while the salary is treated as a selling and administrative expense.
From India, New Delhi
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What a "Wage" looks like: $16.50 per hour.
So basically, a salary tells you how much you'll earn either in a month or a year, while a wage tells you how much you'll earn in an hour (and a day, too? Not sure on this).
In my view, wages are paid to the labor directly involved in production, either receiving money hourly, monthly, or weekly, while a salary is paid to the worker or staff related to administration and selling. Wages become part of the product cost, while the salary is treated as a selling and administrative expense.
From India, New Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x