Wage Adjustment
/ˈweɪdʒ əˈdʒʌstmənt/
Definitions
- (n.) A legally recognized modification to an employee's wage rate, typically reflecting cost-of-living changes, performance, or contractual revisions.
The collective bargaining agreement included provisions for a wage adjustment every year.
Forms
- wage adjustment
Related terms
See also
Commentary
Wage adjustments often arise in labor agreements and must comply with statutory minimums and contractual terms; drafting should clearly specify the basis and timing to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.