The term salaried refers to an individual who is paid a fixed annual sum, usually on a monthly or bi-weekly basis. This type of payment structure is common for employees working in corporate settings and typically includes benefits such as health insurance, retirement plans, and vacation time. The word "salary" comes from the Latin word "salarium," which originally referred to the money paid to Roman soldiers for purchasing salt, an essential commodity at the time. Today, being salaried is often associated with a stable job with set hours and responsibilities, as opposed to working on a contract or hourly basis where pay can vary based on workload or project needs.