Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “pay settlement”

pay settlement

noun [C]
HR an official agreement on pay made between a company, etc. and its employees or a trade union that represents them: Unions have called for the executive to oversee an end to the dispute by means of a national pay settlement. The average pay settlement rose to about 2.5% last year.
(Definition of pay settlement noun from the Cambridge Business English Dictionary © Cambridge University Press)

Word of the Day

crew

If you crew a boat, or crew for someone on their boat, you help to sail it.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More