What is Base Salary?
Base salary is the amount an employee will earn as a predetermined rate for each hour worked or can be agreed upon.
Base salary does not include overtime, bonuses, commissions and other forms of compensation that are typically included in calculating total pay.
The term “base” refers to the fact that this type of payment is guaranteed at all times (salary).
Base salaries are often set by law to ensure fair compensation for workers with similar experience levels in the same region.