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.
Although the words earnings and wages are often used interchangeably, the differences between the two can be significant. When someone has no income other than wages, it's correct to use the terms to mean the same thing.ages are the money your employer pays you for the hours you work each week. A salary, on the other hand, typically defines a fixed amount your employer pays you, not necessarily for specific hours worked but for completing the duties of your job.