Thursday 13 March 2014

Wage Drift

Wage drift is the difference between the wages that are offered at the time of employment and the wage that a worker gets after the work period is over. The reasons for the wage drift can be because of the increase in the actual amount due to the overtime earned by the worker or the bonus earned, profit shared or also performance related incentives.

The reason for offering such additional incentives in the earnings of the workers can also be attributed to the shortage of labor in certain reasons, which compel the employers to introduce such drifts in the wages for the employees.

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