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Personal Finance 3.02 Terms

AB
joba work opportunity or position to earn wages
careera long term series of work experiences in a particular field
Bureau of Labor Statistics (OOH)a leading resource with comprehensive information about occupations
educational requirementseducation, training and/or instruction received to qualify for the position
working conditionsexisting conditions of the workplace where job will be carried out
occupational outlookfactors that influence future job/career opporutinites
base salarythe $ amount a person receives in a salary pay period before deductions
fringe benefitsemployee benefits and additional compensation beyond wage/salary.
paid sick leavepaid leave from work granted because of illness
holidaysa paid day fixed by law on which ordinary business is suspended in commeration of some event
vacation timepaid days away from work for a period of time usually used for rest, recreation, travel or holiday
bonusextra pay beyond base salary
insurancehealth, dental, life and disablitly
retirementa pension or other income on which a retired person lives
investment programsopportunities to invest of money or capital in order to gain profitable returns, as interest, income or appreciation in value
employer-provided serviceschild and elder care, flexible hours, gym memberships, discounts and home offices
additional job "perks"stock options, company car, relocation expenses and tuition
cost of livingfood, transportation, housing, clothing and other everyday expenses
cost of living indexa rating of communities on a scale where 100 is average cost of living and an index below 100 is a lower cost of living


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