Sometimes a company can experience an unprecedented demand that will call for employees to put in extra hours. In doing so, wage drift will occur. But what does wage drift involve, and what are its implications? Keep reading to find out!
Defining Wage Drift
Wage drift is the difference between the wage that was negotiated with the employee by a company and what is actually paid at the end of the work period to the employee.
Common causes of wage drift are:
1. Overtime – during a period of unprecedented demand, a company may require employees to...