The basic salary is the basic salary agreed by the employer and the employee in the employment agreement, which is usually calculated by the fixed salary per unit time. Overtime pay refers to the extra wages paid for overtime work. According to national regulations, hourly overtime pay shall not be lower than 150% of normal hourly pay.
Bonus refers to the extra remuneration paid by the employer according to the performance of an individual or a team. Welfare includes medical insurance, pension, maternity insurance, unemployment insurance and other social security provided by employers.
Salary is a broader concept, including not only salary, but also other economic benefits and non-economic benefits, such as stock options, company cars, gym members and so on. Salary is one of the important means for enterprises to attract and retain talents.
In short, salary refers to the labor remuneration paid by the employer to employees, including basic salary, overtime pay, bonus, welfare and so on. Salary is a broader concept, including other economic benefits and non-economic benefits besides wages.