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Lesson 14 vocabulary (including EXTRA vocab) - (Barron's) - salaries and benefits - FLASHCARDS ...

AB
basisn. the main reason for something; a base or foundation
be aware ofv. to be conscious of; to be knowledgeable about
benefitn. an advantage provided to an employee in addition to salary // v. to take advantage of
compensatev. to pay; to make up for
delicatelyadv. with sensitivity
eligibleadj. able to participate in something; qualified
flexiblyadv. with the ability to change; loosely
negotiatev. to talk for the purpose of reaching an agreement, especially on prices or contracts
raisen. an increase in salary // v. to move up
retirev. to stop working; to withdraw from a business or profession
vestedadj. guaranteed as a right; involved
wagen. the money paid for work done, usually hourly
adequatelyadj. sufficient to satisfy a requirement or meet a need (He was adequately compensated for his work. I have my test next week, but I'm not worried as I am adequately prepared. -- adequate = adj)
trade-offn. an exchange of one thing in return for another, especially relinquishment of one benefit or advantage for another regarded as more desirable; an exchange that occurs as a compromise (The trade-off for having a higher hourly wage is that there are no benefits such as health insurance. The trade-off for working from home is the low hourly wage.)
paycheck stub / pay stubn. a receipt or piece of paper given with each salary payment as a voucher that the salary was paid (often includes payment details such as hourly wage, insurance deductions, social security deductions etc.) (My paycheck stub shows an amount of $200 was deducted for my annuity, but the amount should be $150. I didn't receive my pay stub this month, so I'll have to ask the Accounts Department what happened.)
full-timeadj. employed for or involving a standard number of hours of working time (I am a full-time worker, so I receive benefits such as health insurance and reduced lunches.) adv. He works full time, so that's 40 hours a week.
part-timeadj. for or during less than the customary or standard time (We are part-time employees, so we don't receive any benefits; we only work 25 hours a week.) adv. He works on a part time basis.
payrolln. a list of employees, specifying the salary or wage of each (The Accounts Department prints the payroll each month and gives a copy to the director so that he can see how much is paid to all the employees.)
perk / perq (short for "perquisite")n. an incidental benefit gained from a certain type of employment, such as the use of a company car (Some common perks of a job are free lunches, use of a company car, cinema tickets, playing golf with the boss... Are there any extra perks with this position? Yes, you would be able to work from home one day a week.)
overtimen. extra work hours at a regular job done in addition to regular working hours (There is usually some overtime involved in the job. You might have to work an extra 5 hours a week.) // adv. overtime --- The staff worked overtime to finish the project.



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