base pay

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Base or basic pay is the rate of pay for a job or grade in an organization, to which can be added various supplements, benefits, bonuses, and allowances. Base pay, therefore, is the core element of remuneration that reflects, at least notionally, the market value for a particular type of labour. Advocates of the new pay assert that base pay should be kept to a relatively low level, in order that employees become dependent on variable pay, which is contingent on performance, to make up their earnings.

Subjects: Human Resource Management — Warfare and Defence.

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