Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Base Payroll

Determined by the sum of annual salaries and or wages (base rates) paid at the opening of business on the first day of the plan year or last day of prior year, e.g., Dec. 31, before any increase.

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Base Pay

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Base Rate or Base Wage Rate

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