wagepolicy
nounUK /ˈweɪdʒ ˌpɒl.ə.si/
US /ˈweɪdʒ ˌpɑː.lə.si/
A wage policy is a plan for how much money workers get paid.
The company changed its wage policy to pay new workers more.
RELATED WORDS
OTHER MEANINGS
2. A government's rules about the lowest or standard pay for workers.
The new national wage policy raised the minimum wage.
3. A union's plan for asking for higher pay.
The union's wage policy focused on yearly raises.
4. A company's written rules about how pay is set and raised.
Read the wage policy before you ask for a raise.