As an employee, you may have heard of the term “hazard pay” but may not know what it means or when you’re entitled to it. Hazard pay is a type of additional compensation given to employees who work in hazardous conditions or environments. This extra pay is meant to compensate for the increased risk of injury or harm that comes with their job. What is Hazard Pay? Hazard pay refers to the additional compensation given to employees who work under dangerous or hazardous conditions. Hazardous work conditions can include exposure to toxic chemicals, extreme temperatures, high altitudes, and other life-threatening situations. Hazard pay is a way for employers to recognize…