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pay
(redirected from payer)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Idioms, Wikipedia 0.03 sec.

pay

Financial reward given by employers to employees for their work. Take-home pay or net pay is pay after income tax, national insurance contributions, and any other deductions have been taken away. Gross pay is before deductions.

The pay of manual workers is normally called their wage; white-collar workers are usually said to receive a salary. The total pay or earnings of workers include their basic pay – that is, the pay they receive for working their basic week or month – plus overtime payments, bonus payments, and any other monies given by employers. Pay is an important motivator of individual workers.



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