Base Rate or Base Wage Rate
The rate of pay set for a unit of work before anything extra is added. This rate does not include things like shift differentials, benefits, overtime, incentive premiums or any other pay element other than the base rate.
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Common Compensation Terms and Formulas
- Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
- Salary structure formulas and strategies