Do you know the differences between salary and wages?
They may be really similar, but actually they have some differences that need to be noticed
- In general terms, a salary means a fixed pay that an individual draws for the work done by him on an annual basis.
- In contrast, a wage has the meaning of a variable pay that an individual draws on the basis of hours spent in completing the certain amount of work.
I hope that these distinctions will be helpful to you :)
