Salary Concept

The term salary designates a fixed payment and with regular periodicity (usually monthly) paid by the entity to its employees in exchange for their work. It represents, therefore, the main financial counterpart given by the entity in exchange for the work that given by their employees. In economic terms, salary can be understood as the price paid by the companies to receive the productive factor, work.

 

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt.