An employment contract must state the type of pay an employee will be paid.
Wage refers to the amount of money that is paid to an employee, by the hour, and it may vary from one pay period to the next depending on the number of hours the worker is employed.
Salary refers to a fixed amount of pay regardless of the number of hours worked.
Let's look at what this means for working hours and overtime. Also what happens if an employer wants work done outside of the hours specified in the employment agreement but the staff member says no - keep reading here to find out.
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