Hazard Pay

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August 31, 2024 4 min read Definitions
Hazard Pay: Compensation for Dangerous Conditions
Labour Economics Compensation Hazard Pay Compensation Dangerous Conditions Employee Benefits Labour Economics
Hazard pay, also known as danger pay, is additional compensation given to employees who perform their jobs under dangerous or hazardous conditions.
Read more about Hazard Pay: Compensation for Dangerous Conditions.
August 25, 2024 4 min read Definitions
Premium Pay: Special Pay Rate for Unattractive or Dangerous Work
Finance Management Premium Pay Penalty Pay Employee Incentives Compensation Hazard Pay
Premium pay is a special pay rate given to employees for working weekends, holidays, or late shifts, or for doing hazardous work. Also known as penalty pay, it incentivizes work during unattractive times or in dangerous occupations.
Read more about Premium Pay: Special Pay Rate for Unattractive or Dangerous Work.

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