The term "wage bill" refers to the total amount of money that a company or organization pays out in salaries, wages and other forms of compensation to its employees. This includes both fixed and variable costs such as bonuses, overtime payments, commissions, pensions, and other benefits. The size of an organization's wage bill is often used as an indicator of the level of employment within that company or industry, with a higher wage bill indicating more jobs created. Additionally, it can also be seen as an important measure of labor costs for businesses, which can impact their profitability and competitiveness in the marketplace.