Management Glossary

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per diem rate

A flat daily amount that is paid to an employee to cover expenses, such as travel and entertainment expenses, incurred by the employee in the course of his or her work. Being a fixed daily rate, a per diem rate does not require an employee to file expense claims for individual items. Because a per diem rate is a fixed amount per day without regard to the actual expenses incurred, a per diem rate in effect rewards employees who economize and penalizes those who don't.

Contributed by: Managerwise Staff

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