What is the meaning of the word "wage scale"?
Definitions:
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A schedule of wages paid for different jobs. NOUN
- According to the wage scale, employees receive a pay increase after completing five years of service.
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A system used in organizations to ensure fair and consistent pay across similar positions and to provide a clear framework for salary progression. NOUN
- The wage scale indicates higher pay rates for positions requiring advanced degrees.
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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. NOUN
- The wage scale shows that entry-level employees start at a lower pay grade than senior managers.