base pay rate
Base pay rate is the minimum hourly pay rate an employee must be paid for their ordinary hours of work.
The base pay rate is a set hourly wage that represents the minimum amount an employee should earn for their normal working hours. It's determined by factors like the industry, job role, and any applicable awards or agreements. This rate doesn't include additional payments like overtime, bonuses, or allowances, but serves as the foundation for calculating an employee's total earnings.
Explore more terms
Whether you're looking for definitions of other related terms or just browsing, our full list offers a wealth of information at your fingertips.
Back to Glossary