Definitions from the Web
Wage Setter
Description:
Wage Setter refers to an individual, group, or organization that has the authority or influence to determine the wages or salary levels for a particular job or industry. They play a crucial role in establishing fair and competitive wages based on various factors such as market conditions, industry standards, and labor negotiations.
Sample Sentences:
- The labor union acts as a wage setter, negotiating with employers to secure better pay and benefits for their members.
- The company's executive board serves as the main wage setter, analyzing market trends and making decisions regarding employee compensation.
- As a prominent figure in the industry, her opinions as a wage setter carry considerable weight and impact salary structures across the sector.
- The wage setter consulted various economic indicators to determine the appropriate increase in minimum wages.
- After several rounds of negotiations, the wage setter and the employees reached a mutual agreement on the salary adjustment.
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