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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
Statutory Costs
Statutory costs refer to the expenses that a business is legally required to pay under national or regional laws and regulations.
PTO
PTO is a benefit that allows employees to take time away from work while still receiving their regular pay.
Synchronous communication
Synchronous communications is that which takes place in real-time between two or more parties.
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