What is hazard pay?

Hazard pay is additional compensation provided to employees who perform dangerous or high-risk work. This extra pay is intended to compensate for the potential dangers and health risks associated with their job, such as exposure to hazardous materials or working in unsafe conditions. It is commonly offered in fields like healthcare, military, and emergency services, particularly during crises or emergencies. The amount and conditions for hazard pay can vary based on employer policies and labor agreements.