Base Pay Rate

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Base Pay Rate

The hourly wage an employee or contractor is paid. The base pay rate is used to calculate overtime, bonuses and some other fringe benefits.
References in periodicals archive ?
Growing competition for workers is prompting 56 percent of firms to increase base pay rates for hourly craft professionals, while 43 percent of respondents have increased their reliance on subcontractors because of tight labor conditions.
Some 56 percent of firms in a recent survey said they have had to increase base pay rates for hourly craft professionals because of a national shortage of qualified craft workers.
For three consecutive years, Delta increased base pay for frontline people, making good on a pre-merger promise to bring Delta base pay rates to industry-standard by the end of 2010.
The two French banks are averse to the idea of increasing the base pay even as competitors have almost doubled their base pay rates.
Using the base pay rates of nurses' comparators, ie teachers and the police (before any 2009 increases), the base pay rates of registered nurses (RNs) in DHBs is now reasonable.
5 percent increase in base pay rates each year over the next four years, a company matching contribution to the 401(k) savings plan and the addition of two floating holidays.
While on average, base pay rates for nurse educators reach only 79 percent of the level of other academic faculty in public institutions, RNs employed in private schools experience a greater penalty.
2-percent cost-of-living float accrued under prior contracts was incorporated into base pay rates, resulting in increases in insurance benefit levels that vary with pay rates.
The report covers everything from base pay rates and variable compensation to sales close periods and yearly sales plan achievement.
There is wide agreement among members in our service that the rise in base pay rates in the new MECA are respectable.
5% pay cut to base pay rates but maintains work rules, medical and dental benefits, Reuters reported.
In exchange, employees received lump-sum payments (up to $7,000, varying by plant location or job grade) or increases in base pay rates.