Salaried employee
Workforce Management Glossary
Salaried employee
What are salaried employees?
Put simply salaried employees are employees who are paid a set amount of money each year as compensation for their work. This may be actioned through fortnightly pay monthly payslips or even semi-monthly pay.
What are the benefits of salaried employees?
When it comes to salaried employment arrangements both employers and employees stand to benefit. For employees salaried employment offers a certain sense of personal and financial stability. In addition to this salaried employees are also offered benefits such as sick leave and paid time off.
In relation to employers workforce optimisation and labour forecasting is made easier by having a set number of employees on set wages. Businesses with salaried employees also find that employee turnover rates are lower because having a fixed salary helps lead to feelings of job security and loyalty.
How to manage the payroll of salaried employees?
With Roubler’s intuitive all-in-one cloud payroll software businesses have access to software that automatically considers employee data in processing systems. By providing one source of truth payroll can action payslips in an efficient and effective manner.
By removing the need for manual data entry and integrations details can be uploaded and stored centrally to ensure that salaried employees no matter their compensation range are paid in accordance with their contracts.