Base Salary

Base salary is the initial amount of money an employee earns before any bonuses, benefits, or additional compensation. It represents the core pay for their role and is typically expressed as an annual figure. For example, if someone has a base salary of $50,000, that is the guaranteed salary they receive, excluding extras like overtime, commissions, or health benefits. Base salary is an important factor for budgeting and financial planning for both employees and employers, as it establishes the foundation of an employee's total compensation package.