What are the characteristics of salary pay?

Answer 1

Salary pay typically involves a fixed annual amount that is paid to employees, regardless of the number of hours worked. It often includes benefits such as health insurance, retirement plans, and paid time off. Salaried employees may have more predictable income, but they may also be expected to work beyond standard hours without additional compensation. Additionally, salary structures can vary based on factors such as industry, job role, and employee experience.