Salaried Employee

A salaried employee is a worker who is paid a fixed amount of money or compensation (also known as a salary) by an employer. For example, a salaried employee might earn SGD 50,000 per year. Salaried employees are typically paid by a regular, bi-weekly or monthly paycheck. Their earnings are often supplemented with paid vacation, holidays, healthcare, and other benefits.
There are many differences between a salaried employee and an hourly employee. First, while a salaried employee receives a fixed amount of money, an hourly employee receives an hourly wage for each hour worked. Therefore, salaried workers who meet the criteria as exempt employees do not have to keep track of their hours in the way that hourly employees do. For example, they do not have to sign a daily timesheet.