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Net salary
The wage that the employee actually receives after income tax is deducted.
The net salary (i.e. free of social security contributions) is the wage that the employee actually receives after income tax is deducted. Think of it as ‘cash in hand’; what you end up with on your paycheck after everything is deducted.
Related Glossaries
Exit interview
An exit interview is a meeting with an employee who is about to leave, or has recently left.
Per diem
Per diem is a Latin word that means by (per) the day (diem).
Definite and Indefinite contract
Employment contracts that are either Fixed-term or Indefinite.
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