An annual wage refers to a fixed salary paid out to an employee over the course of a year, generally used to determine total compensation for employment services provided within that period.
A salary structure of incremental wage levels in an organization. Wages are graduated by job grade, seniority, experience, or performance.
A wage scale is a structured framework outlining the wage rate for each employee in a department, division, or company, taking into account the type of job, its duties, responsibilities, and the general labor market.
