wage round

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 ?
Within a few months, Sweden's 2020 national wage round will take off in earnest.
In the construction workers' wage round of April 8, 2019, the Bundesinnung Bau and the trade association of the construction industry agreed with the Bau-Holz trade union on an increase in collective agreement wages of 3.35 percent for the year 2019 and consumer price index (CPI) + 0, 95 percent for 2020.
Great job with the 500 extra nurses, but health and safety legislation should be used to address safe staffing, not our regular wage round. If it is true that since the negotiations, some wards have been functioning with fewer than the life-preserving service numbers that DHBs required during the strike, then what more evidence of unsafe staffing does WorkSafe need?
We are prepared to engage with the employer on issues of productivity in addition to a general wage round agreement."
The last wage round saw 21,000 workers at JLR vote by an overwhelming 78.5 per cent in favour of a two-year deal which provided a 4.5 per cent rise, plus PS500, from November 1, 2012, and three per cent or that of the Retail Price Index from November 2013.
For example, sectoral unions can informally coordinate their wage demands, pattern bargaining can lead to wage coordination when one sector in the economy takes lead in the wage round and all other sectors more or less follow the outcome of wage bargaining in the leading sector; in countries with weak unions, the development of statutory minimum wages can lead to wage coordination; even firm based negotiations can lead to a certain macroeconomic coordination if the wage round starts in some big firms and this gives a signal for the whole wage round.
None of those polled felt they would have to press for pay cuts in the coming wage round.
Productivity is still falling and while wage growth is moderating, carry-over from last year's wage round is expected to feed domestic inflation until the end of 2009.
According to Volvo, 'The deal means that all employees - both white-collar and blue-collar - contribute to lowering staff costs in 2009, in part by postponing the (next) wage round.'
In the 2008 wage round covering the private sector, it was agreed to reform the AFP as from 2010, making it an income supplement for people over age 62, thereby restoring work incentives.
These labour shortages, together with some undesirable features of the 2007 wage round, are likely to push up inflation (Box 2.1).
While the figures show little immediate danger of inflationary pay growth, the continuing tightness in the labour market will keep hawks on the Bank of England's Monetary Policy Committee focused on the New Year wage round.