Define: Raise

Business, Legal & Accounting Glossary

Definition: Raise



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Full Definition of Raise


A raise is an increase in one’s salary, wages, commissions, or another source of income. The term “raise” usually refers to a salary or an hourly wage. A raise may be offered for any of several reasons. It may be promised as a periodic entitlement, such as every six months or year. A raise may be the result of merit. It may be offered to keep an employee who is contemplating terminating his employment. A raise is often measured as a percentage of one’s salary; statistics on the average raise in various industries are used to measure the perceived desirability of different job classes. A raise is considered an important means of keeping up with inflation and also of building personal wealth. Comparison of the average raise to inflation is one commonly used indicator of economic well-being.


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Page URL
https://payrollheaven.com/define/raise/
Modern Language Association (MLA):
Raise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 05, 2020 https://payrollheaven.com/define/raise/.
Chicago Manual of Style (CMS):
Raise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/raise/ (accessed: April 05, 2020).
American Psychological Association (APA):
Raise. PayrollHeaven.com. Retrieved April 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/raise/

Definition Sources


Definitions for Raise are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th February, 2020