What is the meaning of the word "wage scale"?

Definitions:

  1. A schedule of wages paid for different jobs. copy to clipboard NOUN
    • According to the wage scale, employees receive a pay increase after completing five years of service. copy to clipboard
  2. A system used in organizations to ensure fair and consistent pay across similar positions and to provide a clear framework for salary progression. copy to clipboard NOUN
    • The wage scale indicates higher pay rates for positions requiring advanced degrees. copy to clipboard
  3. Refers to a structured system that determines how much employees are paid based on various factors such as job role, experience, education, skill level, and tenure. copy to clipboard NOUN
    • The wage scale shows that entry-level employees start at a lower pay grade than senior managers. copy to clipboard

Synonyms: