Hourly Wage

Hourly wage refers to the amount of money an employee earns for each hour of work. It is a common way of compensation, especially for jobs involving variable hours. For example, if your hourly wage is $15, you earn $15 for every hour you work. Your total pay depends on the number of hours worked, so working more hours results in higher pay, and fewer hours means less. Hourly wages are easy to understand and calculate, making them transparent for both employees and employers when determining earnings based on actual work hours.