Salary And Wages Administration

hi i am neha from faridabad i am working as a personnel manager in a limited firm.
i want to know te difference between salary and wages? i mean defination of salary and wages.
kindly guide me
neha

Hi Neha,
Salary and wages are the same terms used in different circumstances.
The workers who work are paid wages and we as professional people get salary.
Basically on a lighter note people working physically are paid wages, and we who work mentally are paid salary.
Hope it calrifies !!
Raiton Menezes :) :!: :wink:

Salary is basically paid on monthly basis wages are either daily rated or piece basis rated(for calculation resons only)
kamlesh K

i have one querry
1) I would like to leave encashment one of our staff member(Monthly rate)
Basic is RS 5000/- P L balance is 30 days
2) I would like to leave encashment one of our barganable worker (Daily rate)
Basic is RS 5000/- P L balance is 30 day
Kindly guide me how to calculate leave encashment.
Waiting for your reply.
From,
Sachin Dethe

What a "Salary" looks like:
$45,000 per year
What a "Wage" looks like:
$16.50 per hour
So basically, a Salary tells you how much you'll earn either in a month or a year.
While a wage tells you how much you'll earn in an hour (and a Day, too? Not sure on this).
in my view wages is paid to the labor directly involved in production either receives money hourly, monthly, or weekly. while salary is paid to the worker or staff related to administration and selling. wages becomes part of the product cost, while the salary treated as selling and administrative expense.