Back أجر Arabic Maaş Azerbaijani Заработная плата Byelorussian Надница Bulgarian ھەقدەست CKB Mzda Czech Шалу CV Cyflog Welsh Zeitlohn German Töötasu Estonian
 | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (July 2024) |
| Part of a series on |
| Economics |
|---|
 |
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts. Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company.
Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation.