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1.
1. Any employer imposed reduction in empoyment compensation. I.E., hourly pay cut, reduction in scheduled work hours and/or elimination of non-monetary employment benefits. May also be used when employees are asked to contribute a portion of their paycheck to maintain health benefits or pension benefits.
2. A change of employment to a position with lower compensation.
Hotel janitors will take a pay slap in their new contract, with a 9% reduction in gross pay to be applied toward their pension.

The Governor effectively pay slapped state workers by imposing unpaid furlough days two fridays per month.

Tom was so unhappy working on Wall Street, he gladly took a big pay slap to return to teaching high school economics.
by NoMoneyNoHoney August 07, 2010