Definitions:

1. An upward adjustment in the pay rate for employees. NOUN
   • the annual wage hike was implemented to reward employees for their hard work and dedication.
2. Refers to an increase in the amount of money paid to employees for their work. NOUN
   • The wage hike was part of a cost-of-living adjustment to help employees cope with increased living expenses.
3. The amount a salary is increased. NOUN
   • She received a significant wage hike after her outstanding performance review.

Synonyms:

• compensation increase
• pay boost
• pay raise
• raise
• salary hike
• wage increase