Base Wage Rate
Definition: The base wage rate is a term that refers to the primary compensation an employee receives in exchange for their labor. Specifically, it is
Glossary Term: Compensation and Wage
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Bonus Hours
Definition: Bonus hours are additional hours added to an employee’s accumulated paid time off (PTO) as a form of reward or incentive. This practice serves
Compensatory Time-Off Plan
Definition: A compensatory time-off plan is an arrangement where employees are given time off instead of overtime pay. Under this plan, employees who work extra
Counter Offer
What is a counter offer? Definition: A counter offer is a response given by an employee or job candidate to an initial job offer or
Deferred Compensation
Definition: Deferred compensation is a portion of an employee’s income set aside to be paid out later, typically as part of a long-term financial or
Depending on Experience (DOE)
Definition: Depending on Experience (DOE) is a term often used in job postings and employment advertisements to indicate that the salary for the position will