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.
Employers in many industries are free to adopt a work schedule for their employees that best suits the company's business. Different work schedules can be established for different employees, such as a day shift, evening shift and night shift.Depending on the company's business needs, employers may require employees to change shifts or work back-to-back shifts, such as night shift to day shift.n some situations, employers may require employees to work different shifts in the same day, such as going from working the night shift to working the next day shift. This commonly occurs for companies that provide emergency response services or disaster relief.