A salary is the amount of money that an employee earns from their job, usually paid on a regular basis, such as monthly or biweekly. It is often agreed upon when someone is hired and can vary based on factors like the employee's experience, the industry, and the company's budget. Salaries are typically expressed as an annual figure, which means the total amount earned in a year.
In addition to the base salary, employees may receive benefits such as health insurance, retirement plans, and paid time off. These benefits can add significant value to a job, making it more attractive beyond just the salary itself. Understanding your salary and benefits is important for financial planning and job satisfaction.