A wage hike is a salary increase that is given to an employee. This term is often used in the workplace when discussing raises or promotions. However, there are also other words that can be used to describe a wage hike or salary increase such as pay raise, salary bump, wage boost, salary hike, and pay increase. These synonyms offer alternative ways to communicate the concept of earning more money for work performed. Whatever term is used, a wage hike is an essential part of incentivizing employees and recognizing their hard work and dedication on the job.