- Base Pay
- An employee's initial rate of compensation, excluding extra lump sum compensation or increases in the rate of pay. An employee's base pay can be expressed as a base hourly rate of pay or as an annual salary.
Extra forms of compensation that are excluded from base pay typically include: shift differential pay, on-call pay, pay for special assignment or incentive-based pay and bonuses.
As a general rule, an employee's base pay is the pay they will receive at a minimum, while extra forms of pay may or may increase the total pay above this level.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
base pay — UK US noun [U] especially US ► HR BASIC PAY(Cf. ↑basic pay): »Investment professionals can earn bonuses of between 100% and 125% of their base pay. »an increase/raise in base pay … Financial and business terms
base pay — n. the basic rate of pay for a particular job exclusive of overtime pay, bonuses, etc … English World dictionary
base pay — base′ pay′ n. bus pay received for a given work period, as an hour or week, but not including overtime, bonuses, and the like • Etymology: 1915–20 … From formal English to slang
base pay — noun or base salary or base wage Etymology: base (III) : basic wage; specifically : the m … Useful english dictionary
base pay — pay received for a given work period, as an hour or week, but not including additional pay, as for overtime work. Also called base salary, base wage. [1915 20] * * * … Universalium
base pay — Synonyms and related words: compensation, dismissal wage, earnings, escalator clause, escalator plan, financial remuneration, gross income, guaranteed annual wage, hire, income, living wage, minimum wage, net income, pay, pay and allowances,… … Moby Thesaurus
base pay — noun Date: 1920 a rate or amount of pay for a standard work period, job, or position exclusive of additional payments or allowances … New Collegiate Dictionary
base pay — HR a guaranteed sum of money given to an employee in payment for work, disregarding any fringe benefits, allowances, or extra rewards from an incentive plan. U.K. term basic pay … The ultimate business dictionary
base pay — salary before benefits … English contemporary dictionary
pay — ▪ I. pay pay 1 [peɪ] noun [uncountable] the money someone receives for the job they do: • She got the job, but it meant a big pay cut. • an increase in hourly pay • All I want is a full day s work for a full day s pay … Financial and business terms