What Does Base Salary Mean?

A base salary is what is calculated by the company for an employee as their basic pay. This is the amount before any benefits, commissions, raises or bonuses are added. It is the minimum pay that the employee will take away for his or her services at the start of the contract. The base pay is usually initiated right at the beginning of a fixed term of employment with the employer. Once you are hired by a new company, you will agree on the amount you can earn as a new hire