Variable wage formula
Variable wage formula is a public sector deferred wage increase that is indexed to the growth of future governmental tax revenues.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Variable wage formula. A public sector deferred wage increase that is indexed to the growth of future governmental tax revenues.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
