Definition, Meaning & Synonyms

pay-raise

Noun

/peɪ reɪz/

Definition

An increase in the amount of money that an employee is paid for their work.

Examples

After her performance review, she received a pay-raise that reflected her hard work over the past year.
The company announced a pay-raise for all employees to help with rising living costs.
Many workers are hoping for a pay-raise during the upcoming negotiations with management.

Meaning

A pay-raise typically refers to a higher salary or wage that an employee receives as increased compensation for their job performance or as a result of cost-of-living adjustments.