wage drift

wage drift definition - business

wage drift

The change in the amount by which actual earnings exceed negotiated earnings. For example, employers in a region of the country experiencing labor shortages may offer bonuses or overtime that exceed a nationally negotiated wage agreement.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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