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Personal Finance

Vocabulary used in the work place.

AB
deductions$ subtracted from gross pay
net pay$ left after deductions
flextimevaried starting times
overtimehours worked over regular hours
gross paytotal salary before deductions
incentive payincentive for employees to do more and better work
labor uniongroup working in same or similar occupations, created for benefit of employees
senioritylast hired should be first laid off
strikemembers of a union refuse to work until an agreement is reached
job rotationused to train employees to be efficient in more than one area
employee servicesperks for employees to enhance employment
vestedstatus of having worked long enough to have a portion of the benefits
compressed workwekwork schedule which contain same total hours but shrinks amount of days worked
job sharingtwo people share a full time position


Holly

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