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Definitions from WordNet

Definitions from the Web

Wage Hike

Description

Wage hike refers to an increase in the amount of money or compensation paid to employees for their work. It can be implemented by employers to keep up with inflation, maintain a competitive workforce, reward employees for their performance, or address economic factors affecting the cost of living.

Sample Sentences

• The company announced a 10% wage hike for all employees starting next month.
• Workers across the country are demanding a wage hike to cope with the rising cost of living.
• The union negotiated a significant wage hike during the latest round of labor negotiations.
• Many employees who received a wage hike decided to save the extra money for a future investment.
• Higher productivity levels may contribute to the likelihood of a wage hike.

Possible related products

• Books about wage hike
• Economics books discussing wage hike
• Guides for salary negotiation to achieve wage hike
• Books on workplace and wage hike