GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hourly
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Daily
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Weekly
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Monthly
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Detailed explanation-1: -Wages and salary: Wages represent hourly rates of pay, and salary refers to the monthly rate of pay, irrespective of the number of hours put in by the employee. Wages and salaries are subject to the annual increments. They differ from employee to employee, and depend upon the nature of job, seniority, and merit.
Detailed explanation-2: -Wages are a form of monetary compensation for employees. They are paid according to the amount of time worked by the employee.
Detailed explanation-3: -Example of Wages For example, a warehouse employee works 40 hours during the work week. If the employee’s hourly rate of pay is $15, on the 5th day following the work week, the employee will receive a paycheck showing gross wages of $600 (40 x $15).