wage round

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Wage Round

A periodic negotiation for pay rates between a company and its employees, especially if those employees are unionized. Wage rounds set how employee pay is to be determined until the next round.

wage round

see PAY ROUND.
References in periodicals archive ?
Money for the fund is supplied by an allowance from the 2012 wage rounds.
The wage increases measured in the quarterly sample taken in July were due mainly to higher wage rounds agreed in the chemicals and metals industries, the office said.
However, given recent rising inflation expectations, we suspect the MPC may prefer to wait until February to make sure that pay moderation is continuing in the early 2008 wage rounds.
Nevertheless significant price risks persist and inflation still seems set to rise further in the coming months, so much will depend on to what extent economic activity appears to be slowing, whether pay moderation continues in the early 2008 wage rounds and whether companies' pricing power appears to be waning.
David Waller, Midlands' chairman of Pricewater-houseCoopers, said: "While the MPC will have been concerned by the inflationary pressure caused by the recent wage rounds, this was not the time to be making a further increase.
Howard Archer, chief European economist at Global Insight, said, 'We expect pay settlements to be higher in the 2007 wage rounds, but only modestly and not enough to alarm the Bank of England.
We expect pay settlements to be modestly higher in the 2007 wage rounds, but not enough to alarm the Bank of England.