В чем разница между salary и wage? Упражнение на закрепление.

Особенности употребления лексики (wage, salary, stipend, fee, royalties)

Существительные wage, salary, stipend, fee, royalty в общем смысле означают вознаграждение, плату за какую-либо работу или деятельность. Однако они не могут быть взаимозаменяемыми. Каждое из них употребляется в отношении определённой категории работников.

Большинство наёмных работников получают зарплату - wages или salaries . Wage и salary не только отличаются по форме оплаты, но и по времени выдачи денег. Так, wage выплачивается рабочим, клеркам, продавцам и т.д. в конце недели чаще всего наличными. Чаще всего слово wage употребляется во множественном числе, хотя по существу, имеется в виду единственное число:

Alec"s wages are $200 a week.
Зарплата Алика составляет 200 долларов в неделю.

Matilda is a shop assistant; she earns good wages.
Матильда - продавщица, у неё хорошая зарплата.

Salary (зарплата) выдаётся в конце месяца служащим, имеющим университетское образование. Они получают чек на определённую сумму или деньги переводятся на счёт в банке. На добавочном листе к чеку указывается сумма выплаты и все необходимые вычеты, например налоги. Таким образом, служащий, получающий зарплату (salary ) должен иметь счёт в банке, в то время как рабочему или мелкому служащему, получающему зарплату (wages ) банковский счёт иметь не обязательно:

Mrs. Marshall is a teacher; her salary is not very high.
Миссис Маршалл - учительница, у неё не очень высокая зарплата.

Существительное stipend , хотя и похоже на русское слово "стипендия", таковой не является. В Америке stipend это плата за временную работу, проводимую во время стажировки на предприятии, в больнице и т.д. В Англии это официальный доход священнослужителей, жалованье государственных служащих, регулярно выплачиваемое пособие:

George is a magistrate and he gets his stipend for the work.
Джордж - член городского магистрата, он получает зарплату за свою работу.

Fee - плата частным лицам (врачам, юристам, архитекторам) за оказанные услуги. Fee также взимается частными школами, колледжами и университетами в качестве платы за обучение:

Jane couldn"t afford to pay the solicitor"s fee.
Джейн не имела возможности заплатить адвокату.

In England public school fees are now so high that only a small minority of parents can afford to send their children there.
Плата за обучение в частных средних школах в Англии так высока, что лишь незначительная часть родителей может позволить себе послать туда своих детей.

Royalty (royalties ) употребляется как исчисляемое существительное в значении "гонорар", который выплачивается автору книги или музыканту издателем за каждую копию произведения. Чаще употребляется это существительное во множественном числе. Royalty также употребляется в значении "плата изобретателю" за использование его патентованного изобретения:

The publisher offered him a royalty of 10% of the price of the book on all copies sold.
Издатель предложил ему гонорар в размере 10% от цены каждой проданной книги.

Martin received $2500 in royalties for his invention.
Мартин получил 2500 долларов за своё изобретение.

Для проверки полученных знаний по употреблению существительных wage, salary, stipend, fee, royalties предлагаем Вам пройти тест на нашем сайте.

The term salary and wages is often confused by people and is used interchangeably. But the truth is that both these terms differ from each other and hold different meanings. Salary is a fixed amount paid or transferred to the employees at regular intervals for their performance and productivity, at the end of the month whereas wages are hourly or daily-based payment given to the labour for the amount of work finished in a day.

The main difference between salary and wages lies in the fact that salary is fixed, i.e. it is predetermined and agreed between the employer and employee, while wages are not fixed, as it varies depending on the performance of the labour. This article presents you the important differences between salary and wages in tabular form.

Content: Salary Vs Wages

Comparison Chart

Definition of Salary

The term salary is the agreed upon amount of money between the employer and the employee that is extended at regular intervals on the basis of an individual’s performance. Salary is generally a fixed amount of package calculated on an annual basis. When divided by a number of months the amount to be disbursed monthly is ascertained. The same is given to the employee on the basis of his productivity.

An employee is supposed to work for certain fixed hours daily but if Sometimes the work is not finished in time the employee has to devote his extra time without any additional pay. An employee is entitled to leaves, perks, and benefits, i.e. salary will be given if an employee has availed a leave and didn’t turn up for the work.

Salaried persons are generally said to be doing “white collar office jobs” which implies that an individual is well educated, skilled and is employed with some firm and holds a good position in the society.

Definition of Wages

Wage is termed as a compensation that is given on the basis of the amount of work done and the hours spent in doing that. Wages are variable and do vary with day to day functioning of an individual. Wages are given to labours who are engaged in manufacturing processes and get the compensation on a daily basis.

Labour is paid on the basis of hours and in order to increase the pay, extra hours have to be devoted to fetch more.An individual is paid for his presence, not for his absence i.e. in case a person do not come for the work he will not be paid for that day.

The waged person are said to be doing “blue collar labour job” which implies that an individual is engaged in the unskilled or semi-skilled job and is drawing wages on a daily basis.

Key Differences Between Salary and Wages

Following are the major differences between salary and wages:

1. Salary is the fixed amount of compensation which is paid for the performance of an employee. Wage is the variable amount of compensation which is paid on the basis of hours spent in finishing a certain amount of work.
2. Salary is given to the skilled persons who apply their proficiencies in respective fields and generate the revenues for the firm. Whereas wages are paid to the semi-skilled or unskilled worker such as carpenter, welder, electrician, etc. who work on hourly basis.
3. In the case of salary, the cost incurred is fixed i.e. fixed amount is paid monthly. Whereas in wages, the cost is variable, because it can vary with the day to day performance of an individual.
4. Salary once decided, in the beginning, remains fixed throughout. Whereas in wage system, there is a wage rate that keeps on changing and an individual is paid on the basis of prevailing wage rate.
5. Salary is generally paid at fixed intervals i.e. monthly. Whereas wages are paid on a daily basis for the number of hours spent.
6. Salary is paid on the basis of the performance of an individual. Whereas wages are paid on hourly basis i.e. the amount of work done in hours.
7. Salary is paid to employees who possess the skills and efficiencies in completing the office work. Whereas wages are paid to the labours, who are engaged in manufacturing processes and do the work on an hourly basis.
8. Salary is given to those who are engaged in administrative or office work job. Whereas wages are paid to those, who are engaged in manufacturing processes that require unskilled or semi-skilled workers.
9. A salaried person usually has KRA i.e. key resultant area set for the month on the basis of which their performance is judged. Whereas the waged person does not have any KRA and is judged on the basis of hourly work done.
10. Salaried persons are not paid additional compensation for any extra hours. Whereas wage holder does get an additional pay for the extra hours devoted by him.

Conclusion

It can be easily concluded from the above comparison that salary is a fixed amount of money paid at a regular intervals to an individual for the work done by him in given period of time whereas wage is a variable pay given to an individual for the number of hours spent by him in completing a certain amount of work.

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Salary and wages are used interchangeably as both refer to the remuneration. Although on a keener look into both this term tells that the y are quite different to each other. The salary is the fixed amount that is given after a per pay period, it can either be on monthly basis or the yearly basis. The salary is the pre-fixed amount that depends upon the productivity and performance of an individual. With seeing the rise in the productivity level, the incentives are also paid in the salary, whereas the wages are the payment done on a daily basis on the basis of hours. In wages a certain amount for per hour is pre-fixed, and at the end of the day the wage earner is handed the payment, which depends on the number of hours given for that specific work.

Comparison Chart

What is Salary?

Salary is the pre-fixed amount that is given to the employees after the pay period. The pay period can be selected with the consent of both the office and employees will as it is seen that many of the workers prefer to have the amount paid on every 30 th of the month as they have to pay their utility bills. On the other hand, many of the employees prefer to have the salary on an annual basis. The payment made on this basis mostly depends on the work provided to the organization. In most of the countries, the salary has the whole 12-month plan’ although equally distributed in the 12 months and at the end of the every month it is handed to the employee. There are many perks and privileges of working on the salary basis as there are paid holidays the extra-time than the committed time is also being paid. The salaried jobs are associated with the skilled and highly education as the employee hired through this process is generally for the white collar jobs. It should be kept mentioned that white collar jobs here refer to the job in the office or the administrative setting

What is Wages?

Wage is the payment given to the employee on a daily basis in accordance with the number of hours he/she has worked. With regards to the hourly payment method, the wage seems to be a little highly paid with terms to the salary based jobs. But at the same time it has the biggest con that it doesn’t offer any other perks and privileges and no paid holiday is also present in this type of remuneration. Most primarily the wage earner is designated on the ‘blue color jobs’ means the employees or workers in this are up with the manual labor tasks. Other than that, some of the highly paid freelancing jobs are also paid daily wages in accordance with the number of hours they consumed.

Salary vs. Wages

• The salary is the pre-fixed amount that depends upon the productivity and performance of an individual. With seeing the rise in the productivity level, the incentives are also paid in the salary, whereas the wages are the payment done on a daily basis on the basis of hours.
• For the salaried person there are other perks and privileges and paid holidays, whereas for the wage earner such concept is missing.
• The salaried person is skilled and educated people. Therefore they are designated on the white collar jobs, whereas the wage earner is unskilled or semiskilled there he/she is put to the labor tasks Blue Collar Job.
• For the salaried person, the incentives are given for the better work while in wage earner the extra payment for extra time is given which is quite a more than the normal pricing for an hour.

Updated on February 24, 2018

The terms salary and wage are often used interchangeably. Having almost the same meaning, this can be confusing at times. Moreover, employment laws do not provide specific definitions for either. While interchangeable usage of both terms may be accepted in some locations or businesses, they actually have their own meaning and are considered grammatically wrong if used improperly.

Definitions

Salary is a periodic payment to an employee as a compensation for his/her performance regardless of the hours worked. It is usually a fixed amount of money paid in fixed intervals (e.g. 15 th day pay, monthly payments, or in some cases, weekly payments). The fixed amount is generally a fraction of an employee’s annual pay. The said payment is usually specified in an employment contract.

Having a fixed amount of payment annually, a salary has its own drawbacks. Overtime is usually ignored and will not be compensated, regardless of how many hours are worked. Also, once salary is decided, it remains fixed throughout (unless of course the employee is given a raise or promotion).

Salary may have its own drawbacks, but it does come with its perks as well. Salary is also known to be a package, which means that employees do not only receive money as payment, but also other compensations like medical insurance, retirement fee, paid leave/vacations, educational plan, and other benefits.

Salary is usually determined through comparison of market pay rates, leveling the pay rates and salary that was established by the employer, the skill of the employee, or even the availability of people that can perform the specified job.

Wage

In contrast to salary, a wage is generally a monetary compensation paid by an employer to an employee in regards of his/her hours worked. Instead of a compensation quoted on an annual basis, the amount paid will be based on the number of hours worked multiplied by the employee’s hourly rate. Paychecks are also received sooner than a salary, most likely a few days after the work period or when the job is done.

As with the salary, a wage does have its downside. If you leave work, you won’t get paid regardless of your reason. If you’re sick or pregnant and can’t get to work, you won’t be paid. It means you strictly have to be present and working in order to get paid. You won’t get any paid vacations, paid sick leaves etc.

A wage may seem undesirable at this moment, but it also does have its advantages. Unlike the salary, overtime is compensated. If you work 50 hours in a week, you will receive the full 50 hours multiplied with your rate as payment. For some, the first 40 hours would be paid at your regular rate, and the excess hours would be 1.5 times your normal rate. This opportunity is usually not given to salary earners.

A wage is usually determined by the skill of the employee, availability of people that can perform the specified job, or through comparison of market pay rates.

Salary vs Wage

What’s the difference between a salary and wage? They may both pertain to the compensation for a job done, but they do differ in everything else.

Historically, manual labor jobs meant earning wages, while professional jobs meant having salaried positions. Today, they have their own meanings. Wage earners work at an hourly rate, and salary earners work at a fixed rate. Their payment cycle also differs as a salary is usually paid monthly, while a wage is usually paid soon after the work is done. If you are a salary earner, you can be considered lucky as salary earners have other benefits like insurance, paid leaves and the like. Wage earners don’t get to have these benefits but what they do get is paid overtime. They can work more than 30 or 40 hours per week and the extra hours will still be compensated. Lastly, a salary has a fixed rate, while a wage has changing rates, mostly through current market pay rates.

Comparison Chart

Organizations require huge human activities to achieve their and for the development of the organization. The management of an organization uses the term ‘compensation’ to denote the cost of using the human resources in the organization. There are many types of compensation according to their functions like wages, salaries, incentives, monetary benefits, etc. The compensation policy of an organization depends on various factors like government policies, skills of the employees, job conditions, risks associated with the job, etc. This article concentrates on communicating the differences between Wages and Salaries .

WAGE

‘Wage’ is the term which specifies the compensation paid to the person in return to the job he had done in the organization. The wages are given daily, weekly or fortnightly and the compensation to be paid is determined by considering the hours worked by the person. Wages are paid to the blue-collar workers who involve in technical, manual and more of a physical work.

The government prescribes a certain wage rate to the workers in every industry and the companies must follow the policies of the government in deciding the pay of the workers who are working in their companies. The wage rate is fixed based on the skill of the worker, cost of living in the locality, the scarcity of the workers with required skill, the risks involved in the job, etc.

SALARY

Salary is the term which specifies the compensation paid to the employees of the organization in return for the contribution of an employee towards the organization. Salaries are paid to the white-collar employees, managers, professional, etc. The salaries are paid monthly or annual basis to the employees. The salary is fixed according to the qualifications, the ability of an employee to perform the job, experience, etc.

There are many benefits which the salaried employees enjoy like salary increments, incentives, promotions, bonuses, etc. which will motivate the employee to perform better and helps in developing a sense of belongingness among the employees towards the organization. Some organizations pay huge salaries to their employees to attract highly talented employees to join in their organization and also for retaining the existing talent.

DIFFERENCES TABLE

CONCLUSION

The wage based workers have to work daily to earn money for their livelihood and there is no paid leaves concept for daily wage earners. whereas, the salaried employees can avail paid leaves, sick leaves, perks, etc. which is a huge benefit to the salaried employees. From the above discussion, it is evident that the wages and salaries are different and cater different needs of different people.