average hourly earnings definition
Definition. The term âhourly wageâ describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. The âaverageâ or âmeanâ is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation.alculate Average. Average hourly waged earned is calculated by adding the hourly wages of the group and dividing by the number of people in it. For example, you might want to determine the average hourly wage earned by secretaries in a company.