wage round

(redirected from Round, Wage)

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 ?
For the three unions that had not settled during the 1992-94 bargaining round, wage increases of 2.5 percent retroactive to both January 1 of 1992 and 1993 and 3.5 percent retroactive to January 1, 1994.
Because of high profits and fairly good conditions in the exposed sector, which leads the wage round, wages might accelerate somewhat in 2006.