Dictionary-of-Human-Resources-Management
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wage 273 wage review<br />
W<br />
wage /weIdʒ/ noun money paid to an<br />
employee in return for work done, especially<br />
when it is paid weekly and in cash<br />
She is earning a good wage or good<br />
wages for a young person. (NOTE: the<br />
plural wages is more usual when referring<br />
to the money earned, but wage is<br />
used before other nouns)<br />
‘European economies are being held back by<br />
rigid labor markets and wage structures’<br />
[Duns Business Month]<br />
‘…real wages have been held down<br />
dramatically: they have risen at an annual rate <strong>of</strong><br />
only 1% in the last two years’ [Sunday Times]<br />
COMMENT: The term ‘wages’ refers to<br />
weekly or hourly pay for workers, usually<br />
paid in cash. For employees paid by a<br />
monthly cheque, the term used is ‘salary’.<br />
wage adjustments /weIdʒ ə-<br />
dʒstmənts/ plural noun changes<br />
made to wages<br />
wage administration /weIdʒ<br />
ədmInIstreIʃ(ə)n/ noun the process <strong>of</strong><br />
planning a wage system and putting it<br />
into practice Wage administration has<br />
been made much easier by the new computer<br />
system.<br />
wage arrears /weIdʒ ərIəz/ plural<br />
noun unpaid wages which are owed<br />
wage ceiling /weIdʒ silIŋ/ noun<br />
the highest legal wage for a particular<br />
class <strong>of</strong> employee<br />
wage claim /weIdʒ kleIm/ noun an<br />
act <strong>of</strong> asking for an increase in wages<br />
wage compression /weIdʒ kəm-<br />
preʃ(ə)n/ noun the act <strong>of</strong> narrowing the<br />
difference between the highest and lowest<br />
paid jobs Wage compression has<br />
been a key factor in reducing discontent<br />
among lower-paid workers.<br />
wage controls /weIdʒ kəntrəυlz/<br />
plural noun statutory controls over wage<br />
increases, by which governments try to<br />
keep wage inflation low<br />
wage differentials /weIdʒ dIfə-<br />
renʃəlz/ plural noun differences in salary<br />
between employees in similar types<br />
<strong>of</strong> jobs. Same as pay differentials<br />
wage drift /weIdʒ drIft/ noun same<br />
as earnings drift<br />
wage-earner /weIdʒ nə/ noun a<br />
person who earns a wage<br />
wage-earning /weIdʒ nIŋ/ adjective<br />
the wage-earning population<br />
people who have jobs and earn money<br />
wage formula /weIdʒ fɔmjυlə/<br />
noun the basis on which an employee is<br />
paid The most common wage formula<br />
for salespeople is a combination <strong>of</strong> a<br />
basic salary plus commission.<br />
wage freeze /weIdʒ friz/ noun a<br />
period when wages are not allowed to<br />
increase<br />
wage incentive /weIdʒ InsentIv/<br />
noun a financial benefit <strong>of</strong>fered as a reward<br />
to employees who perform well in<br />
a specified area<br />
wage levels /weIdʒ lev(ə)lz/ plural<br />
noun same as pay levels<br />
wage negotiations /weIdʒ<br />
nIɡəυʃieIʃ(ə)ns/ plural noun same as<br />
pay negotiations<br />
wage packet /weIdʒ pkIt/ noun<br />
same as pay packet<br />
wage parity /weIdʒ prIti/ noun<br />
same as pay parity<br />
wage-price spiral /weIdʒ praIs<br />
spaIərəl/ noun a situation where price<br />
rises encourage higher wage demands<br />
which in turn make prices rise<br />
wage restraint /weIdʒ rIstreInt/<br />
noun the act <strong>of</strong> keeping increases in<br />
wages under control<br />
wage review /weIdʒ rIvju/ noun<br />
the examination <strong>of</strong> salaries or wages in a
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