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Vocab 10 - Employment

AB
Employeeperson who is employed by another for a wage or salary
Employerperson or company who provides a job that pays wages or salary
Job Applicationa legal document submitted when applying for a job
Resumea one-page summary of a person's educational and work experience
Cover Lettera one-page letter providing information and qualifications to be considered for a particular job
Follow-Up Lettera one-page letter written after an interview to the interviewer, as a "thank you"
References Listthree people to whom inquiries concerning character and ability can be made
Interviewa formal meeting to gain information or evaluate qualification for a particular job
Joba "temporary" occupation
Occupationa person's current means of earning a living
Careeran occupation in which time and resources are invested; regarded as long-term
Soft skillsa person's inherent personal traits and abilities
Technical skillslearned tasks (computers, mechanics, hands-on activities)
Job Outlookthe rate of growth or reduction in workforce (number of jobs) over a period of time
Benefitscompensation offered by an employer (life/health insurance, vacation, retirement)
wagea regular payment made by an employer to an employee for hourly work
salaryfixed compensation for work, paid on regular basis
overtimepayment for additional hours of work; calculated at time and a half (x1.5)
commissionpayment for selling goods; usually a percentage
pay periodtime frame used to calculate wages (weekly; bi-weekly, semi-monthly)
semi-monthlypayment twice a month on specific dates (i.e. 1st, 15th)
weeklypayment for work in one week
bi-weeklypayment for work over two weeks' time
tipsgratuity paid to service workers
gross paytotal earned income for a pay period
net pay"take-home" pay or money available AFTER deductions
Direct Depositcommon form of payment that is directly deposited into a bank account


Econ & Personal Finance Room 201
Grassfield High School
VA

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