Definition, Meaning & Synonyms

wage-scale

noun

/weɪdʒ skeɪl/

Definition

A wage-scale is a structured plan outlining the various levels of pay within an organization or industry.

Examples

The company adjusted its wage-scale to attract more qualified candidates.
Understanding the wage-scale is crucial for employees looking to negotiate their salary.
The new wage-scale implementation was met with positive feedback from the staff.

Meaning

It refers to the range of salaries or wages that correspond to different job positions or job grades, helping to ensure fair compensation based on role, experience, and market standards.