What Does Base Compensation Mean in 2026? Salary, Pay, and Total Compensation Explained
Quick Answer The Facts Definition Fixed, predetermined compensation paid on a regular basis Legal Framework Fair Labor Standards Act (FLSA), 29 CFR Part 541 Typical Forms Annual salary, hourly wage, monthly stipend Excludes Bonuses, commissions, overtime premiums, employer-paid benefits Relevant Agencies U.S. Department of Labor, Wage and Hour Division, state labor boards Calculation Basis Hourly…