A salary is a fixed amount of money that an employee receives from their employer in exchange for their work. It is usually paid on a regular basis, such as weekly, biweekly, or monthly. Salaries can vary widely depending on factors like the job position, industry, and the employee's experience and education level. Salaries are often expressed as an annual amount, which means the total pay for a year. Many employees also receive benefits, such as health insurance or retirement plans, in addition to their salary. Understanding salaries is important for budgeting and financial planning.