wage scale

noun

Definitions

  1. A system of remuneration for workers which specifies levels of payment based on set…

    A system of remuneration for workers which specifies levels of payment based on set criteria, such as the skill levels of the various jobs or the number of years of experience possessed by workers.

    • The contract also calls for establishing a wage scale that would start newly hired employees at salaries equal to 66 percent of existing pay rates.
    • A wage scale should reflect job and performance differences fairly, or else firms risk alienating their staff.

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA