The comparison that would most likely lead to the conclusion that Will's rate of pay is unfair is another manager in a different department who has five years of experience and supervising a staff of three member being paid $45,000 a year.
What is rate of pay?
The amount that an employee is paid over a period of time is known as their rate of pay. Some workers who put in more than 40 hours a week are eligible for overtime pay, which is normally equal to 1.5 times their regular rate. Wages, commissions, bonuses, and any other forms of compensation can all be included in an employee's rate of pay. According to the Fair Labor Standards Act, an employee's hourly wage is considered to be their usual rate of pay. When deciding how much to pay an employee for extra labor, many employers look at their rate of pay. Even though you are paid an hourly rate, your normal rate of pay could be different if you also got bonuses or other forms of supplemental compensation during that time.
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