Converts salary amounts to different payment frequencies. Results include unadjusted figures and figures adjusted for vacation days and holidays.
A salary or wage is the payment from an employer to a worker for time and work contributed. Many countries enforce minimum wages set by central or local governments. Unions may also set standards in certain companies or industries.
A salary is normally paid on a regular basis and does not fluctuate based on quantity of work. It is commonly defined as an annual figure in an employment contract and may include additional compensation like goods or services.
Wages are paid based on time worked (hourly) or work completed (piece rate). Unlike salaries, wages can fluctuate. Hourly workers may be entitled to overtime pay for hours beyond the standard 40-hour week.
| Payment Frequency | Unadjusted | Holiday & Vacation Adjusted |
|---|---|---|
| Hourly | — | — |
| Daily | — | — |
| Weekly | — | — |
| Bi-weekly | — | — |
| Semi-monthly | — | — |
| Monthly | — | — |
| Quarterly | — | — |
| Annual | — | — |