Statistical Terms

URL Copy Print

Definition	Compensations received by the worker from the user for the labor and services rendered. It is comprised of regular wage, overtime pay and special pay.
Commentary	Regular wage: Amount of financial compensations provided for labor and services rendered during the normal working hours as prescribed in labor contract, labor collective agreement, payroll regulations of establishment, etc. Overtime pay: Additional pay for hours of work in excess of the normal working hours. Special pay: Provided on a regular and irregular basis to employees which include bonuses, term-ending allowances and allowances for working more than 3 months. The Monthly Labor Statistics Survey includes retroactive increases in wages in the special pay.
Source	Ministry of Employment and Labor, Korea Productivity Center