| A | B |
|---|
| merit rating | A formal, periodic, written evaluation of your job performance |
| ethics | Unwritten rules governing the code of values of a person, an organization, or a society |
| fraud | Something said or done to deceive |
| Insider abuse | Using knowledge obtained as a result of your position for personal gain |
| Whistle-blowing | Employees reporting wasteful or dishonest company activities to the government |
| job security | Protection against loss of employment and earnings |
| direct compensation | Part of the paycheck that provides you with a source of cash |
| salary | Pay received by employees |
| wages | Employee compensation calculated hourly |
| Net pay | The amount an employee receives after deductions |
| Base pay | The regular salary or wage, excluding bonuses, overtime pay, and all other extra compensation |
| Incentives | Extra financial payments for production above a predetermined standard |
| Premium Pay | Compensation at a greater than regular rate |
| Commission | Percentage of sales paid to a salesperson |
| Cost-of-living adjustments | Pay increases based on an increase in the cost of living |
| Merit increases | Increases in a worker’s pay rate based on management’s performance appraisal |
| Profit sharing | A bonus based on a percentage of the organization’s profits |
| unemployed | Without a job and looking for one |
| merger | The joining together of organizations |
| downsizing | Reducing an organization’s size to increase efficiency |
| layoff | An involuntary separation of an employee from an employer for a temporary or indefinite period |
| pink slip | Notice of termination |
| severance pay | a lump-sum payment in exchange for quiting or retiring from a job, many times it is one weeks pay for every year with the company |
| Outplacement programs | Programs that provide assistance and training to released employees who are seeking new positions |
| Unemployment insurance | A joint federal - state program under which state-administered funds pay a weekly benefit for a limited time to eligible workers when they are involuntarily unemployed |
| Discharge | Dismissal from employment |
