penalty rate

/P EH1 N AH0 L T IY0 R EY0 T/
noun
  1. 1

    (industrial relations) A mandated minimum rate of pay which is higher than the usual minimum wage, paid to an employee when working on weekends, public holidays, overtime, late night shifts or early morning shifts.

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Source: https://en.wiktionary.org/wiki/penalty%20rate

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