Annual Salary
An annual salary is the total amount of money an employee earns in a year before taxes and other deductions. It is typically expressed as a fixed amount, such as $50,000 per year, and is often paid in regular intervals, like monthly or biweekly. This figure does not include bonuses, overtime pay, or benefits, which may also contribute to an employee's overall compensation.
Employers often use annual salaries to attract and retain talent, providing a clear understanding of what an employee can expect to earn over time. Factors influencing annual salary include job role, experience, education, and the industry in which the employee works, such as technology or healthcare.