Definition of «salaried employee»

A salaried employee is an individual who receives a fixed annual salary, rather than being paid on an hourly or per-task basis. This means that their pay remains constant regardless of how much work they complete in any given week or month. Salaried employees are typically expected to perform duties and responsibilities that require specialized knowledge or expertise, such as managing a team or overseeing a project. They may also be required to work long hours or travel frequently for their job. In exchange for these additional expectations, salaried employees often receive benefits such as health insurance, paid time off, and retirement plans.

Sentences with «salaried employee»

  • To that end, you'll find retirement programs, including 401 (k) plans, for independent contractors and for salaried employees of brokerage companies and associations of REALTORS ® offered in our package. (realtormag.realtor.org)
  • Budget Director Michael Wheeler said some of the proposed increases above 2 percent were for salaried employees who haven't received raises in years. (timesunion.com)
  • Realtors who opt in to the program will pay the same EI premium rate as salaried employees in their province (remonline.com)
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