What is Wage Drift?

‘Wage Drift’ is the term used to define the difference between the actual wages offered to a worker versus the wage that was initially set. There are several factors that influence wages and create wage drift.

The various factors that influence wages include overtime, bonuses, added responsibilities, geographical bonuses, etc. Sometimes, the wages also include a portion of the profit made by the companies which also leads to the development of a wage drift.

Wage drift might also occur in cases where there are a limited amount of skilled workers and hence the company would incentivize the existing workers in order to attract other skilled laborers, thus creating a wage drift.

Dead-end Job

What is Dead-end Job ? A ‘Dead-end Job’ is the kind of job position wherein the employee has limited to no scope of promotion. Dead-end

Allowance

Employees are often confused about their pay structure. They find it difficult to understand the salary components, which becomes an issue, especially during appraisal and

Wage Drift