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What does the term "pay rate" refer to?

Kamila Summers November 16, 2023
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1 People Answered

By Bryan Madden November 20, 2023

The pay rate is the compensation received by an employee or independent worker for their work, whether it be hourly, weekly, monthly, or annually. This compensation can be in the form of wages or salaries and is typically distributed on a regular pay schedule.

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What does the term "pay rate" refer to?
What does the term "pay rate" refer to?