Penalty Pay

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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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