The term 'hourly salary' refers to a type of WAGE payment system in which an employee is paid a fixed rate for each hour worked. This type of payment system is often used in jobs that require employees to work a certain number of hours per week, such as retail or hospitality positions. Hourly salaries are typically lower than salaried positions, but they provide more flexibility and can be beneficial for those who need to balance their work and personal lives. The term 'WAGE' is often used interchangeably with 'hourly salary, ' although it can also refer to other types of payment systems, such as commissions or bonuses.