wages and salaries

     The basic difference between being paid a wage and being paid a salary is that wages are paid by the hour, and salaries are paid by the week or month.  Employees who are paid hourly wages may have health and other benefits provided by their employers. Salaried employees usually have health benefits, but not always. Hourly wage employees may be paid time and a half for overtime. Salaried employees are rarely paid overtime, although they are sometimes compensated for overtime with an extra day off--a personal day or vacation day.