Glossary Term: Compensation and Wage

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

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

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

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

What is incentive pay? Definition: Incentive pay, also known as pay-for-performance, is a compensation strategy that offers financial rewards to employees based on their performance,