Base salary rate
What Is a Base Pay. Base pay is the initial salary paid to an employee, not including benefits, bonuses, or raises. It is the rate of compensation an employee receives in exchange for services. An employee's base pay can be expressed as an hourly rate or as a weekly, monthly, or annual salary. The base salary is determined by a couple of factors, including market pay rates for people doing similar work in similar industries in the same region, and the pay rates and base salary ranges established by an individual employer.