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What factors affect salary?

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What factors affect salary?

Reasons wages vary

  • Credentials.
  • Experience and skill.
  • Industry or employer.
  • Job tasks.
  • Geographic location.
  • Success and performance.

Do people in government make a lot of money?

The vice president makes $230,700 annually, while most senators, representatives and delegates earn $174,000. The Speaker of the House makes $223,500 per year, while the president pro tempore of the Senate, as well as the majority and minority leaders of the House and Senate, all earn $193,400 per year.

What government employee makes the most money?

Anthony Fauci
Anthony Fauci, the top disease expert in the U.S., was revealed as the highest-paid federal government employee in 2019, with an annual salary of $417,608, according to OpenTheBooks.com. That’s more than the U.S. president, who earns $400,000 a year.

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What are salaries based on?

Salary is typically determined by comparing market pay rates for people performing similar work in similar industries in the same region. Salary is also determined by leveling the pay rates and salary ranges established by an individual employer.

What is the highest salary you can get?

Here are the highest paying jobs of 2021:

  • Anesthesiologist: $208,000.
  • Surgeon: $208,000.
  • Oral and Maxillofacial Surgeon: $208,000.
  • Obstetrician and Gynecologist: $208,000.
  • Orthodontist: $208,000.
  • Prosthodontist: $208,000.
  • Psychiatrist: $208,000.

Why do government employees get paid less?

Federal employees earn on average 26.71 percent less than private sector counterparts, according to research released by the Federal Salary Council Nov. “Important federal jobs go unfilled because skilled workers can make more money in the private sector, which hurts the government’s ability to serve taxpayers.”

What jobs are paid by the government?

15 best-paying government jobs

  • Air traffic controller.
  • Human resources specialist.
  • Registered nurse.
  • Federal investigator.
  • Customs officer.
  • Border patrol agent.
  • Budget analyst.
  • Compliance officer.
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When should salary be paid?

Due Date for Salary Payment and Wages As per the provisions of the Payment of Wages Act, 1936, wages need to be paid to employees before the expiry of the 7th day of the last day of the wage period, where number of employees are less than 1000.