Deferred wage rate increase
Deferred wage rate increase is a wage rate increase that become effective on later dates as specified in a collective bargaining agreement.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Deferred wage rate increase. Wage rate increase that become effective on later dates as specified in a collective bargaining agreement.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
