A wage sheet template is a managerial tool used by the human resource department of an employer to record the wage amount which a company or business has paid or has yet to be paid. In other words, it can be defined as a variable regular payment made by the company to part-time employees against their work for a certain period of time. Normally, a wage sheet is something which is prepared when someone gets paid under the head of temporary workers. It is similar to salary where certain deductions are also made by the company and declared as direct expenses for the project where it is paid. There are some countries where the wage amount is not liable for paying income tax. That is the reason why employers or human resource managers are not allowed to deduct any amount from the wage of a worker.
Difference Between a Wage and Salary:
A salary is something which usually doesn’t change, or we can say that it remains fixed for a month after another, but whereas wage amount is concerned, it is actually a calculated amount of pays multiplied by company or employee probably on hourly rate. Generally, the biggest difference between a salary and a wage is the benefits or perks which a regular employee gets as part of the salary. Moreover, salary is given to employees who are also entitled to an annual increment or after achieving certain goals. Moving further, wages are somehow a means of remuneration which generates a counted number of hours spent by workers, while on the other side of a coin, salary is compensation made on settled terms between the employee and employer.
Templates for Wage Sheet:
www.dol.gov
local268.com
smart110.org