DISCONTINUANCE WAGE Meaning and
Definition
-
Discontinuance wage refers to the compensation or income provided to an employee who is terminated or laid off from their job due to various reasons such as company restructuring, downsizing, or closure. It is a financial benefit that is given to help the employee during the transition period while they search for alternative employment.
In essence, discontinuance wage is a form of severance pay or termination benefit that employers offer to employees as a way to mitigate the financial hardships they may face after losing their job. This wage typically includes a predetermined amount of money or a set percentage of the employee's salary, based on factors such as their length of service with the company and the circumstances of their departure.
The purpose of discontinuance wage is to provide a cushion for employees who have been unexpectedly laid off so that they can meet their financial obligations until they secure new employment. It is meant to support individuals during the period of job search and re-adjustment, helping to bridge the gap between their previous job and their next opportunity.
Discontinuance wage is often determined by employment contracts, collective bargaining agreements, or local labor laws. The specific details, terms, and conditions of discontinuance wage can vary across countries and organizations, taking into account factors such as the employee's length of service, position, and the circumstances leading to the termination.
In summary, discontinuance wage is a form of compensation or financial support provided to employees who are laid off or terminated from their job, serving as a means to help them manage their expenses and maintain their livelihood until they secure alternative employment.
Common Misspellings for DISCONTINUANCE WAGE
- siscontinuance wage
- xiscontinuance wage
- ciscontinuance wage
- fiscontinuance wage
- riscontinuance wage
- eiscontinuance wage
- duscontinuance wage
- djscontinuance wage
- dkscontinuance wage
- doscontinuance wage
- d9scontinuance wage
- d8scontinuance wage
- diacontinuance wage
- dizcontinuance wage
- dixcontinuance wage
- didcontinuance wage
- diecontinuance wage
- diwcontinuance wage
- disxontinuance wage
Etymology of DISCONTINUANCE WAGE
The term "discontinuance wage" does not have a specific etymology, as it is a combination of two separate words: "discontinuance" and "wage". However, we can examine the roots of these words individually.
1. Discontinuance: The word "discontinuance" comes from the Middle English "discontinuen", which means to cease or interrupt. It is formed by adding the prefix "dis-" (indicating negation or reversal) to "continuance", which comes from the Latin word "continuare" meaning to unite or connect. So, "discontinuance" refers to the act of stopping or ending something.
2. Wage: The word "wage" has its origins in the Old English word "wæge", which means a payment or compensation for work.
