A salaried employee is a worker who receives a fixed amount of pay, typically on a monthly or biweekly basis, regardless of the number of hours worked. This type of compensation is common in professional roles, such as those in management, finance, or education. Salaried employees often have set responsibilities and may not receive overtime pay for extra hours worked. In contrast to hourly employees, who are paid based on the hours they work, salaried employees may have more predictable income. They often enjoy benefits such as health insurance, paid time off, and retirement plans, which can enhance their overall compensation package.