Munich is one of the most prosperous and fastest growing cities in Germany, and the seat of numerous corporations and insurance companies. It is a top-ranked destination for migration and expatriate location, despite being the municipality with the highest density of population (4,500 inh. per kmÂ²) in Germany.
Definition. According to the U.S. Department of Labor, when an employee is paid on a salary basis, this means essentially that she receives regular pay on a regular basis, and that this amount doesn't fluctuate in regard to the quality or quantity of work actually performed.or example, you may not be permitted to dock a salaried employee's pay for partial days of absence. You have the freedom to create your own policy for sick pay, so that, although your employees enjoy a certain level of financial security, they can't take advantage of you.
According to the DOL, salary means that the employee receives a fixed amount of pay that is determined before the pay period begins. The salary can make up all of her pay, or it can be part of it. But it must be an amount that she can count on each payday.