Base wage rate is the minimum fixed amount of money paid for a job before anything extra is added, like bonuses, allowances, or any such compensation.
Definition of Base wage rate
Base wage rate is the minimum fixed amount of money paid for a job before anything extra is added, like bonuses, allowances, or any such compensation. It ensures that workers get paid adequately for their services.
The pay rate is set according to monthly, bi-weekly or hourly basis and is location specific (different countries, different rates). The rates also change with the position held in the company.
Explore More Terms & Definitions
- Johari Window
- Inbound Recruiting
- Myers-Briggs Type Indicator (MBTI)
- Agile Organization
- Blended workforce
- Background Screening / Pre-employment Screening
- Competency-Based Pay
- Matrix organization
- Availability analysis
- Performance Planning
- Mock Interview
- Candidate Relationship Management (CRM)
Culture & People
9 Tips for Keeping Your Best Employees
10 Blog Ideas for Your Company's Career Blog
Top 5 Career Site Metrics You Should Be Tracking
Top 10 Career Site Examples from Industry Leaders