Hazard Pay is additional compensation provided to employees who work in dangerous or risky conditions. This extra pay is intended to recognize the increased health and safety risks associated with certain jobs, such as those in healthcare, construction, or during emergencies like natural disasters. Employers may offer Hazard Pay to encourage workers to take on these challenging roles and to compensate them for the potential dangers they face. The amount of hazard pay can vary based on the level of risk involved and the specific policies of the employer or government regulations.