Time-based pay

{
  "id": "MLC-T-ECS-001931",
  "term": "Time-based pay",
  "field": "Economic statistics",
  "definition": "Wages and salaries that are based solely on a unit of time, such as an hourly rate or an annual salary.\n\nNote: \"Wages and salaries are tied to either an hourly rate or a weekly, monthly, or annual salary. Wages and salaries are not tied directly to production or output. Salaried earnings may be exempt or nonexempt from the Fair Labor Standards Act (FLSA).\" See the Handbook of Methods for National Compensation Measures for more.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/time-based-pay/"
}