Base pay rate - Definition

An employee's hourly wage, regular Rate of pay upon which overtime and other wage additions are calculated.

Base pay is the flat compensation paid to an employee for performing specific job responsibilities. It is normally paid as a salary, hourly or piece rate.

Employee's base pay is first determined when hired. Changes to an employee's base pay can be made.

As a common rule, an employee's base pay is the pay they will receive at a minimum, while extra forms of pay may or may not add to the total pay above base pay rate.

Terms near "Base pay rate"

Base period
Base point
Base premium
Base Price
Base rate
Basic convergence
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