Compensation: Salaries

Compensation: Salaries

Factors influencing base pay

Base wage or base pay refers to particular fixed amount of pay that an employee earns against contribution to the business in which he is employed. Base pay is the fixed portion of the salary or wage and hence does not include raises, bonuses and any other allowances. There are various businesses that offer a salaried base pay and other offers hourly base pay. If the employee is employed on salaried base pay than he mostly get a particular amount per year, on the other hand hourly based employees gets the amount for hours they work ...