Business Pitch Dictionary by pitch.dog
Performance, pay & rewards · Core

Hourly wage

Also called: hourly rate

ELI5

Pay calculated for each hour worked.

Used in conversation

“The people plan needs to explain how hourly wage affects roles and decisions.”

Pitch context

You will see “Hourly wage” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.

Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 2

Direct term-level sources and supporting source families.