Wages and salaries

{
  "id": "MLC-T-ECS-002116",
  "term": "Wages and salaries",
  "field": "Economic statistics",
  "definition": "Regular payments from the employer to the employee as compensation for straight-time hourly work or salaried work.\n\nNote: \"Straight-time wage and salary rates are total earnings before payroll deductions, excluding premium pay for overtime and for work on weekends and holidays, shift differentials, and nonproduction bonuses such as lump-sum payments provided in lieu of wage increases. However, the NCS does include production bonuses and commissions in wages and salaries.\n\nSee the National Compensation Measures Handbook of Methods concepts section for additional information on wages and salaries.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/wages-and-salaries/"
}