HR Glossary

What is Minimum Wage?

The lowest hourly rate of pay that employers are legally required to pay workers, set by government legislation at federal, state, or national level.

Why it matters in hiring

Minimum Wage comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with M

• Mentoring
• Merit Increase
• Microlearning
• Mid-Year Review
• Minimum Wages Act
• Misclassification
• Mobile Recruiting
• Modern Slavery Act

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.