Salary and Pay Rates
Math and Arithmetic
Definitions

What is the meaning of base pay?

Answer

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10/04/2007

Answer All companies have what they refer to as base salaries, because while you may have experience in a particular field your experience isn't with the new company you just joined. They have to start you somewhere depending on your work experience so usually a company starts a new employee at it's base rate. As your new employer see's you working, and likes what they see they usually will raise the amount of money they pay you.