Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

Entries starting with W

wagePayment for labour. This is also known as salary.
wage assignmentWhen someone agrees to have part of the money they earn taken away, for example to pay a debt or pay into a pension.
wage bargainingDiscussions between representatives of employees and employers in order to agree levels of pay.
wage billThe total amount of money that a company or organization pays to its employees.
wage driftThe difference in a worker's basic locally-negotiated wage when it exceeds the level stated by nationally negotiated wage agreements. The...
wage gapThe difference in rates of pay between two different groups of people.
wage level
wage packetAnother name for pay packet.
wage paymentA payment made to an employee for the work they have done, especially one who is paid weekly.
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