Wiktionary(0.00 / 0 votes)Rate this definition: 1  exchequer(Noun) a treasury. 2  exchequer(Noun) an available fund of money, especially one for a specific purpose. 3  Exchequer(Noun) the government department that collects and manages revenue.
Definition. Shift pay is the practice of paying a premium to employees who work the less desirable hours a business must operate. The premium, also called a shift differential, compensates workers who are scheduled for a second or third shift.Some employers pay a shift differential for working weekends, holidays or split shifts.hen deciding if shift pay is appropriate for your business, itâs helpful to consider what other businesses in your industry do. Shift pay is used by 83 percent of manufacturing firms and 59 percent of customer support businesses, according to Culpepper Compensation Surveys & Services.
Per diem is Latin for for each day, and it means you agree to work a shift for a specified pay rate, with no long-term commitment. Per Diem Positions Per diem work is available in occupations where shifts are predefined, and temporary shift workers may be needed on short notice. Education, health care, technology and energy organizations are among the industries that hire per diem workers to fill in for full-time employees or to help meet an urgent need for temporary workers. Per diem contractors receive a flat rate for a shift, whether the day's work was easy or hard. They usually earn more per shift than full-time employees earn.