Holdback Pay

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Holdback Pay

Money withheld from an employee's paycheck regularly until certain conditions are met. For example, an employer may be required to hold back pay until an employer pays back taxes or back child support.
References in periodicals archive ?
"A no-deal Brexit would shrink the economy, wipe out jobs and hold back pay. No responsible Prime Minister would ever consider causing that kind of crisis.
TUC General Secretary Frances O'Grady said: "This survey reveals the degree to which opportunistic employers have used the recession as an excuse to hold back pay.
ECONOMIC slowdown may have driven corporate India to hold back pay rises, but indulgent parents gave their little ones 39 per cent more pocket money this year as compared to 2008.
They often hold back pay to prevent unsatisfied workers from switching jobs.
Given that, some might wonder whether the council is in a position to be telling the manager to hold back pay raises for his people.
However, this is such gross insensitivity it makes even me gasp and wonder why, at a time when Prime Minister Brown wants to hold back pay to council workers.
The main disadvantage of this model is it requires the practice to either hold back pay or create a separate pool of funds for the incentives.