A salary is a fixed amount of money that an employee receives from their employer for their work, usually paid on a monthly or biweekly basis. It is often expressed as an annual figure, such as $50,000 per year. Salaries can vary widely based on factors like job role, industry, experience, and location. Employers determine salaries based on market rates, company budgets, and the skills required for the position. In addition to salaries, employees may receive benefits such as health insurance, retirement plans, and paid time off, which can enhance their overall compensation package.