pay rate
Definition
Noun: - The amount of money a person earns per unit of time: This refers to the fixed wage or salary assigned for a specific period of work, such as an hourly rate, weekly salary, or annual salary. It is the standard compensation rate before deductions.
Usage
The term "pay rate" is used to specify and discuss the monetary compensation for labor or services rendered over a defined time period. - It is a standard term in employment contracts, job offers, and discussions about wages. - It is often qualified by the time unit (e.g., hourly pay rate, weekly pay rate).
Examples
Advanced Usage
- "to be on a pay rate of...": To earn a specified amount per time unit.
- She is on a pay rate of $25 per hour.
- "pay rate scale/structure": A system defining different levels of compensation, often based on experience, role, or seniority.
- The public sector has a transparent pay rate scale.
Variants and Related Words
- Wage (n): Money paid, especially at a specified hourly or weekly rate, for labor or services. (Often used interchangeably with "pay rate" for non-salaried work).
- Salary (n): A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, for professional or office work.
- Compensation (n): A broader term encompassing all payments and benefits received for work.
- Hourly rate (n): A specific type of pay rate where earnings are calculated per hour worked.
Synonyms
- Rate of pay
- Wage rate
- Remuneration rate
Related Phrases
- Base pay rate: The standard rate of pay excluding overtime, bonuses, or other incentives.
- Your base pay rate determines your regular earnings.
- Overtime pay rate: A higher rate of pay for hours worked beyond the standard work period.
- Weekend work is compensated at the overtime pay rate.
Noun
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amount of money received per unit time
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women's pay rate is lower than men's
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