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Categories >> Business Management >> Human Resources
 


 

 
Question
What is the Difference between salary and wage?
 Question Submitted By :: Human Resources
  I also faced this Question!!      
Answer Posted By  
 Answers were Sorted based on User's Feedback
Answer
# 1
salary is the monitory benift for the managerial grade and
issued on a monthly basis(mostly). this does not indicate
the number of hours worked in specific. those employees who
are in the payroll of the company are entitled for salary.

wages are monitory and applicable for the labour workforce.
this purely is based on the number of days worked, hours of
work, quantity of workload, etc.... these employees may not
be in the payroll.....may be partime employees, contracts
etc..... 

Is This Answer Correct ?    103 Yes 20 No
hari
 
Answer
# 2
hi all,
I am santhosh new joinee to this site.

according to my knowledge
salary consists of HRA, DA, PF, ESI ( if GFR < 10,000/-),
prof. Dev., LTA & etc., which are paid to onroll employees
on monthly basis.
Wage - may paid on hourly/daily/weekly/monthly basis which
also consists of the piece rate system/ work assigned (
unskilled/skilled labour) and also for those who are on
contract basis. they donot contain any HRA, LTA and so on.,

regards,
santhosh.p 

Is This Answer Correct ?    62 Yes 20 No
santhu
 
 
Answer
# 3
wages::::it'll given at the spot after the work finished

salary:::it is given monthly 

Is This Answer Correct ?    37 Yes 18 No
jeetesh.j
 
Answer
# 4
Salary will includes monetary benfits right from
basic,fda,vda,hra, types of allowances.
Wages includes basic + da ( vda/fda) 

Is This Answer Correct ?    65 Yes 48 No
sudhakar durai
 
Answer
# 5
Salary: the term salary id the remuneration payed to the
clerical & managerial personnel employed on monthly or
annual based.

Wage: the remuneration payed by the services of
hourly,daily, weekly,and fortnightly employees.

wage is hourly based & Salary is monthly based remuneration,
payed to the service rendered employees. 

Is This Answer Correct ?    21 Yes 6 No
ranjith kumar m
 
Answer
# 6
slary is monthly basis but wages is daily basis , 

Is This Answer Correct ?    11 Yes 7 No
kama
 
Answer
# 7
The salary means the amount paid to the staff every
monthincluding hra pf esi etc .but daily wages is given to
labours for the daily basis weekly basis 

Is This Answer Correct ?    5 Yes 2 No
c.jayaprakash
 
Answer
# 8
Wages which is paid to production team, those who are directly link with the product manufacturing activities. It will be paid on the basis of hours, days, monthly. It is 75% of physical and 25% of metal activity involved.

Salary which is paid to those who are indirectly link with manufacturing activities. That is Managerial, administration, purchase, sales, Marketing team etc., It is 90% mental and 10% physical activity involved. 

Is This Answer Correct ?    4 Yes 1 No
s.a.anand
 
Answer
# 9
What a "Salary" looks like:

Rs.1,50,000 per year

What a "Wage" looks like:

Rs.200 per day.

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 will earn in an hour or
a Day. 

Is This Answer Correct ?    7 Yes 6 No
t. anand thiagaraj
 
Answer
# 10
salary is mostly being paid to employees working in the
public sector.Their pays are often received on a monthly
basis but their payment is fixed. So no matter how many
hours you work you will receive the same payment periodlly.

Wages are mainly paid to employees in the private sector.
These are private companies not state owned. Their payment
are received fortnightly on a regular basis. If they work
overtime, eventually they will receive more than their
actual payment. Also in the private sector they use
remunerations such as compensation bonuses rewards and
others. 

Is This Answer Correct ?    1 Yes 0 No
max
 

 
 
 
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