Back Pay

What is Back Pay?

 

‘Back Pay’ refers to the payment given to an employee which was owed by the employer but was not provided at the stipulated time.

 

It may not be the predetermined monetary benefit in all cases. Apart from the monetary compensation, it may also include pending wages for overtime, bonuses, commissions, etc.

 

A back pay might arise due to pending payment for the work that was already performed, or some work which the employee would have done, however, was denied from doing. It may even arise due to technical issues in paying on time or an error in the amount calculated at the time the payment was made.

More HR Terms

Succession Planning

What is Succession Planning?   ‘Succession Planning’ are the processes designed to promote the internal talent for filling the senior management level positions in a

Incentive Pay

What is Incentive Pay ?    ‘Incentive Pay’ refers to the extra compensation provided to the employees in cases where the employee has gone above

Horeca

What is Horeca?    ‘Horeca’ is used to signify the ‘ho’tel, ‘re’staurant and ‘ca’fe sectors. It is also written as ‘HoReCa’ to denote the three

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’