A salary is a fixed amount of money that an employee receives from their employer, usually paid on a regular basis, such as monthly or biweekly. It is often agreed upon in an employment contract and does not typically change based on the number of hours worked. Salaries are common in professions like teaching, engineering, and management. Salaries can vary widely depending on factors such as the industry, job role, and the employee's experience level. In addition to the base salary, employees may receive benefits like health insurance, retirement plans, and bonuses, which can enhance their overall compensation package.