basic wage rate

Fin
the wages paid for a specific number of hours work per week, excluding overtime payments and any other incentives

The ultimate business dictionary. 2015.

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  • basic wage rate — The wage rate paid to an operator for a specified time period worked; it excludes any payments for incentive bonus, shift premium, overtime, working conditions, and other premium payments that, when added to the basic wage rate, make up the final …   Accounting dictionary

  • basic wage — noun or basic salary 1. : a wage or salary based on the cost of living and used as a standard for calculating rates of pay 2. : a rate of pay for a standard work period exclusive of such additional payments as bonuses and overtime * * * basic… …   Useful english dictionary

  • basic wage — HR the minimum rate of pay set by an industrial court or tribunal for a particular occupation …   The ultimate business dictionary

  • wage — [weɪdʒ] noun [countable] also wages HUMAN RESOURCES money that someone earns according to the number of hours, days, or weeks that they work, especially money that is paid each week: • The average hourly wage in the industry is $8. • Workers were …   Financial and business terms

  • wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …   Universalium

  • Wage — For other uses, see WAGE (disambiguation). A wage is a compensation, usually financial, received by workers in exchange for their labor. Compensation in terms of wages is given to workers and compensation in terms of salary is given to employees …   Wikipedia

  • wage — {{Roman}}I.{{/Roman}} (also wages) noun ADJECTIVE ▪ competitive (esp. AmE), decent, fair, good, high ▪ inadequate, low, meagre/meager (esp …   Collocations dictionary

  • Wage-fund doctrine — The Wage Fund Doctrine is an expression that comes from early economic theory that seeks to show that the amount of money a worker earns in wages, paid to them from a fixed amount of funds available to employers each year (capital), is determined …   Wikipedia

  • Wage slavery — is a term first coined by the Lowell Mill Girls in 1836, [ [http://books.google.com/books?id=YXT kSv1btIC pg=PA87 lpg=PA87 dq=lowell+%22wage+slavery%22 source=web ots=WsT3bkI 0G sig=w7N0JGBskFiUHReS 00amVMNaPY hl=en Artisans Into Workers: Labor… …   Wikipedia

  • Basic needs — The basic needs approach is one of the major approaches to the measurement of absolute poverty. It attempts to define the absolute minimum resources necessary for long term physical well being, usually in terms of consumption goods. The poverty… …   Wikipedia

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