guaranteed basic wage

guaranteed basic wage

the amount which a worker will receive in remuneration irrespective of the level of company output. For example, in an INCENTIVE SCHEME, should a worker's output fall short of the target set, the guaranteed basic WAGE will still be paid.
References in periodicals archive ?
They want a higher guaranteed basic wage and an agreed organisation of hours of work and they have left me in no doubt that they are determined to achieve this
Neil Holden, GMB Lancashire region organiser, said: They want a higher guaranteed basic wage and an agreed organisation of hours of work.
They provide a guaranteed basic wage or training allowance.