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What is the Difference between salary and wage?

Answer Posted / max

salary is mostly being paid to employees working in the
public sector.Their pays are often received on a monthly
basis but their payment is fixed. So no matter how many
hours you work you will receive the same payment periodlly.

Wages are mainly paid to employees in the private sector.
These are private companies not state owned. Their payment
are received fortnightly on a regular basis. If they work
overtime, eventually they will receive more than their
actual payment. Also in the private sector they use
remunerations such as compensation bonuses rewards and
others.

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