Wage Classification
/ˈweɪdʒ ˌklæsɪfɪˈkeɪʃən/
Definitions
- (n.) The process of categorizing employees or positions based on the nature of work, pay scales, and applicable labor laws for compensation and regulatory purposes.
The company implemented a wage classification system to ensure compliance with minimum wage laws.
Forms
- wage classification
Related terms
See also
Commentary
Wage classification is crucial for legal compliance with wage and hour regulations and helps determine eligibility for benefits and overtime.
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.