What is the difference between salary and wage?

It can be easily concluded from the above comparison that salary is a fixed amount of money paid at a regular intervals to an individual for the work done by him in given period of time whereas wage is a variable pay given to an individual for the number of hours spent by him in completing a certain amount of work.

What is a wage & salary?

Adam Smith, drawing by John Kay, 1790. wage and salary, income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self-employed.

What is a salary?

Definition and meaning A Salary is a regular payment by an employer to an employee for employment that is expressed either monthly or annually but is paid most commonly every month, especially to white-collar workers, managers, directors, and professionals.