Final answer:
Salaried employees are paid a set amount for a set number of work hours and receive benefits such as insurance, health benefits, and retirement savings.
Step-by-step explanation:
Salaried employees are paid a set amount for a set number of work hours. Unlike hourly employees who are paid based on the number of hours worked, salaried employees receive a fixed salary regardless of how many hours they work. This means that their pay remains the same even if they work more or fewer hours than the standard workweek. Salaried employees often have benefits such as insurance, health benefits, and retirement savings that are not typically provided to hourly employees.