Base compensation
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Base compensation is employee's general rate of pay per unit or hour, disregarding payments for items such as overtime, pension benefits, and bonuses.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Base compensation. An employee's general rate of pay per unit or hour, disregarding payments for items such as overtime, pension benefits, and bonuses.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
