{"id":4937,"date":"2022-01-07T13:27:13","date_gmt":"2022-01-07T13:27:13","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/minimum-wage\/"},"modified":"2022-04-23T21:21:42","modified_gmt":"2022-04-23T15:51:42","slug":"minimum-wage","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/minimum-wage","title":{"rendered":"Minimum Wage"},"content":{"rendered":"

Minimum wage mentions the lowest hourly wage paid by an employer to their workers. Although this rate varies in different countries, it is primarily calculated by dividing the total employee\u2019s cost of living by the number of hours needed for working full-time employment. An employer usually states its minimum wage on the job note before recruiting employees and at the time of signing an employment contract.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-4937","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Minimum Wage? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Minimum wage refers to the minimum hourly remuneration paid by an employer to their employees, and it varies from country to country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/minimum-wage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Minimum Wage\" \/>\n<meta property=\"og:description\" content=\"Minimum wage refers to the minimum hourly remuneration paid by an employer to their employees, and it varies from country to country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/minimum-wage\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-23T15:51:42+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/minimum-wage\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/minimum-wage\",\"name\":\"What is Minimum Wage? 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