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

Definitions:

  1. A detailed plan or chart that outlines the pay rates for different positions, grades, or steps within an organization, typically based on factors such as job title, experience, education, and tenure. copy to clipboard NOUN
    • The wage schedule categorizes job classifications to ensure consistent pay for similar roles. copy to clipboard
  2. A schedule of wages paid for different jobs. copy to clipboard NOUN
    • The new wage schedule was implemented to provide a more transparent and equitable pay structure. copy to clipboard
  3. Detailed chart commonly used in structured environments such as government agencies, large corporations, and unionized workplaces to ensure consistent and fair compensation practices. copy to clipboard NOUN
    • The wage schedule in the union contract outlines pay increases based on seniority and job performance. copy to clipboard

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