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.
Wiktionary(5.00 / 2 votes)Rate this definition: 1  salary(Noun) A fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages. 2  salary(Verb) To pay on the basis of a period of a week or longer, especially to convert from another form of compensation.