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PF 3.02 Vocabulary

AB
jobA work opportunity or position to earn wages; may be short-term
careerA long-term series of work experiences in a particular field
Bureau of Labor Statistics Occupational Outlook HandbookA leading resource with comprehensive information about occupations
Educational requirementsEducation, training, and or instruction received to qualify for the position
Working conditionsExsiting conditions of the workplace where job will be carried out
Occupational outlookFactors that influence future job/career opportunities
base salaryThe dollar amount a person receives in a salary per pay period before deductions
fringe benefitsEmployee benefits and additional compensation beyond wage/salary. May include paid sick leave, holidays, vacation time, bonuses, insurance, and retirement and investment programs
paid sick leavePaid leave from work granted because of illness.
holidaysA paid day fixed by law or custom on which ordinary business is suspended in commemoration 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 a stipulated base salary
insurancehealth, dental, life, and disability
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 100.0 is the average cost of living, an index below 100.0 is a lower cost of living, and an index above 100.0 is a higher cost of living.


Business Teacher
West Johnston High School

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