Wages n. : A compensation given to a hired person for services; price paid for labor; recompense; hire. See Wage, n., 2.

Example:
How do I work out my monthly Wages? Is there a wage calculator somewhere?

Taxonomy
Wage, Compensation, worker, wage rates, free encyclopedia, United States, Compensation of employees, average wages, labor, traditions, pledge, wager, minimum wage laws, monetary compensation, Determinants, minimum wage, the Fair Labor Standards Act, search.

Defination from the web:
wages is given to worker and compensation in terms of salary is given to employees. ... In the United States, wages for most workers are set by market forces, or else by collective bargaining, where a labor union negotiates on the workers' behalf. ...