Definition, Meaning & Synonyms
midpay
Noun
ˈmɪdˌpeɪ
Definition
A term used to refer to a payment or compensation that is average or in the middle of a given range, often in the context of salaries or wages.
Examples
- The midpay for an entry-level position in this industry is around $50,000.
- After reviewing the salary range, she decided to accept the midpay offer they presented.
- Employers often aim to offer midpay salaries to attract a wider pool of candidates.
Meaning
Midpay signifies a financial amount that does not fall into the extremes of low or high but is instead positioned centrally.
Synonyms
- Average Pay
- Median Salary
- Standard Compensation
