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What is Pay Rate?

Updated: 10/10/2023
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14y ago

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Pay rate refers to the method by which a person's remuneration is calculated and distributed. For example, DOE pay refers to a pay scale which is dependent upon an employee's experience, however pay rates can also be based on the number of hours works worked in a given pay period (hourly pay), project completion (upon project completion pay), or an assumed/given number of hours distributed over a period such as a month or year (monthly or annual pay).

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11y ago
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14y ago

Pay rate is the number of hours you work and get payed for.

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