Q. Diffrence between Wages Vs salary?
Wages is compensation to the employees for services rendered to the organization. In case the quantum of services rendered is difficult to measures, then the payment is called salary. Normally the wages period is shorter than the salary period. Payment made to the labour is generally referred as wages. Money paid periodically to persons whose output cannot be easily measured such as clerical staff as well as supervisory staff, is generally referred to as salaries. Salaries are paid uniformly generally on monthly basis and at times the element of intensive is introduced in the form of commission. Incentives are paid to salaried persons in addition to their salaries. However, it is in the area of the labour that there are several types of methods of the wage payment.