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Term: Pay Rate

Description:

The term "pay rate" refers to the amount of compensation one receives in exchange for their work, typically expressed as an hourly, weekly, monthly, or annual wage. It is commonly used to determine the level of payment for employees in various industries and positions.

Possible Parts of Speech:

• Noun

Senses and Usages:

1. Noun: The amount of money an individual is paid per unit of time for their work.

Example: The company increased the pay rate for its employees to attract and retain top talent.

2. Noun: The specific payment scale or scale of wages established for a particular job or position.

Example: The pay rate for entry-level positions in the company is $15 per hour.

Related Products on Amazon:

• Pay Rate Books
• Pay Rate Calculators
• Pay Rate Software