What is another word for pay settlement?
Pronunciation: [pˈe͡ɪ sˈɛtə͡lmənt] (IPA) 
Pay settlement is an arrangement or agreement between employers and employees regarding salary, wages or compensation. There are various synonyms used to refer to pay settlement, such as remuneration agreement, wage resolution, compensation accord, salary arrangement, and payment settlement. Remuneration agreement is a legal agreement between the employer and the employee regarding the employee's salary and benefits. A wage resolution is a formal agreement between the employer and employee on wage rates and terms. A compensation accord is a negotiated agreement between the employer and employee that addresses benefits, perks, and allowances besides salary. A payment settlement refers to a transaction where the employer pays his employees the amount of money owed to them for work done.
