Average industrial wage,
Definition of Average industrial wage:
Operational: Person or persons granted permission to access, manage or make decisions regarding security, operations and financial matters in relation to a business.
Average industrial wage is a term that can be misleading in a way, since it does not just include numbers related to workers in what might be viewed as industrial professions. Instead, it encompasses data for employees in virtually all industries across the spectrum of the workforce, with the exception of farm workers.
Average industrial wage is the mean hourly rate of pay for workforce members of a given geographical area, such as a country or province, excluding farm employees. This measurement serves as a reasonable proxy for the wage rate of the average worker in a given country, and is used by labor organizations and employers as a benchmark to evaluate average wages paid to workers in the labor force in that area.
Average hourly rate paid for employees in a geographical location in all industries except farm employees. When the average industrial wage is known, it can be used as a reasonable estimate for understanding wages paid to workers in the country as a benchmark. Average industrial wage statistics are calculated by the US Bureau of Labor Statistics.
How to use Average industrial wage in a sentence?
- The average industrial wage is the mean hourly rate of pay for workers, industrial or otherwise, in a given geographical area.
- National survey organizations, such as the U.S. Bureau of Labor Statistics, are responsible for calculating figures for the average industrial wage.
- The average industrial wage is used to calculate a number of other metrics related to the U.S. workforce.
Meaning of Average industrial wage & Average industrial wage Definition