Wage rate Definition
Wage rate Definition & Meaning - Merriam-Webster
The meaning of WAGE RATE is the amount of base wage paid to a worker per unit of time (as per hour or day) or per unit of output if on piecework.
Wage Rate - The Strategic CFO®
The wage rate definition is the rate of compensation for a worker. It is one of the central themes of the study of human resources. It is determined by 2 ...
Pay Rate Definition | Rate of Pay Per Period or Unit - Patriot Software
Pay rate, or wage rate, is the rate of pay per period of work or unit of production. ... Pay or wage is the compensation paid to workers for their labor. The rate ...
Base Wage Rate – Definition, Overview & FAQ - Recruiteze
The base wage rate is the initial rate of pay that an employee receives for performing their core job duties during regular working hours. This rate does not ...
Wage Rate Definition: 188 Samples | Law Insider
Wage Rate means the hourly wage paid to an employee inclusive of shift premiums and commissions. In the case of salaried employees, the hourly wage rate shall ...
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory ...
WAGE RATE definition in American English - Collins Dictionary
This would involve it assessing the wage rate that each of the main sectors could afford to pay above the legal national minimum. Times, Sunday Times.
Wage Rate Definition & Examples - Quickonomics
The wage rate refers to the standard amount of compensation paid to an employee per unit of work, typically expressed as an hourly, daily, ...
WAGE RATES definition in American English - Collins Dictionary
Industrial relations rates of pay based on per unit of production or per period of worktime on the job.... Click for pronunciations, examples sentences, ...
Wage rates - (Honors Economics) - Vocab, Definition, Explanations
The total quantity of labor that workers are willing and able to offer at different wage rates during a given time period. "Wage rates" also found in: Subjects ...
Hourly Wage Rate - an overview | ScienceDirect Topics
Total earnings per year for an individual are by definition equal to the average wage times hours per year. Data on individual incomes rather than hourly wages ...
Wage Rates Definition | Law Insider
Define Wage Rates. means the effective direct expense to the Consultant and/or the Sub-Consultant, on an hourly rate basis, for employees in the specified ...
Wages | U.S. Department of Labor
The federal minimum wage is $7.25 per hour for workers covered by the FLSA. Many states also have minimum wage laws.
Prevailing Wage Information and Resources
The prevailing wage rate is defined as the average wage paid to similarly employed workers in a specific occupation in the area of intended employment.
Research: Frequently Asked Questions - Prevailing Wage
The prevailing wage rate is the basic hourly rate paid on public works projects to a majority of workers engaged in a particular craft, classification or type ...
Glossary : U.S. Bureau of Labor Statistics
Ratio of workers with absences to total full-time wage and salary employment. Access to a benefit plan. Availability of a benefit plan to employees. Note: For ...
Wage scale Definition & Meaning - Merriam-Webster
The meaning of WAGE SCALE is a schedule of wage rates for related tasks; broadly : the general level of wages in an industry or region.
How to define a minimum wage? | International Labour Organization
Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given ...
Wage and salary | Definition, Theories, & Facts | Britannica Money
This theory argues that no one factor or single combination of factors determines wages and that no one rate of pay necessarily prevails. Instead, there is a ...
What Is Wage: Definition, Types, Significance, Latest Trends - Unstop
Piece-Rate Wages. Piece-rate wage involves compensating workers based on the quantity of items produced or tasks completed rather than the number of hours ...