Guaranteed Annual Wage

(redirected from Guaranteed Annual Wages)

Guaranteed Annual Wage

A pledge by a company to provide sufficient work for an employee to make an agreed-upon amount each year. The work may be irregular; that is, an employee may not be required to work one week but work overtime another.
References in periodicals archive ?
In turn, they were able to promise such things as guaranteed annual wages, lifetime careers, high wages, fully paid medical benefits, and inflation-adjusted pensions.