What does wage concession mean?
Definitions for wage concession
wage con·ces·sion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word wage concession.
Princeton's WordNet
wage concessionnoun
an agreement to raise wages
ChatGPT
wage concession
A wage concession is a reduction, decrease or sacrifice in an employee's wage or benefits agreed upon or accepted by the employee, usually to help improve a company's financial situation, prevent layoffs or job cuts, or to fund improvements in other areas of compensation. This is often a measure taken in response to economic downturns, a company's poor financial performance or during labor negotiations.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of wage concession in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of wage concession in Pythagorean Numerology is: 8
Translations for wage concession
From our Multilingual Translation Dictionary
- 工資優惠Chinese
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"wage concession." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/wage+concession>.
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