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    Earnings Rewards and Benefits 2

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    Oukil Raouane
    The document discusses various terms related to employee compensation. It defines words like income, expenses, commission, stock options, incentives, hourly/daily/weekly rates, redundancy pay, discounts, relocation allowances, profit sharing, gross pay, net pay, cost of living adjustments, performance-related pay, compensation, and golden handshakes. It provides context about how different types of employees like salespeople may earn commissions as a percentage of sales or how companies offer benefits for good performance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Earnings Rewards and Benefits 2

    Uploaded by

    Oukil Raouane
    161 views1 page
    The document discusses various terms related to employee compensation. It defines words like income, expenses, commission, stock options, incentives, hourly/daily/weekly rates, redundancy pay, discounts, relocation allowances, profit sharing, gross pay, net pay, cost of living adjustments, performance-related pay, compensation, and golden handshakes. It provides context about how different types of employees like salespeople may earn commissions as a percentage of sales or how companies offer benefits for good performance.

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    EARNINGS REWARDS AND BENEFITS 2

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    The document discusses various terms related to employee compensation. It defines words like income, expenses, commission, stock options, incentives, hourly/daily/weekly rates, redundancy pay, discounts, relocation allowances, profit sharing, gross pay, net pay, cost of living adjustments, performance-related pay, compensation, and golden handshakes. It provides context about how different types of employees like salespeople may earn commissions as a percentage of sales or how companies offer benefits for good performance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    161 views1 page

    Earnings Rewards and Benefits 2

    Uploaded by

    Oukil Raouane
    The document discusses various terms related to employee compensation. It defines words like income, expenses, commission, stock options, incentives, hourly/daily/weekly rates, redundancy pay, discounts, relocation allowances, profit sharing, gross pay, net pay, cost of living adjustments, performance-related pay, compensation, and golden handshakes. It provides context about how different types of employees like salespeople may earn commissions as a percentage of sales or how companies offer benefits for good performance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    lnc is another word for the money that people receive for working, The money that they

    spend is known as expen-.


    For some people, the money that they earn for doing a job is less important than job satis-
    (the pleasure they get from doing their job).

    A sales person usually earns a percentage of the sales value of the product or service he / she sells:
    this is called a comm_

    Some companies offer their employees st- op-, which means that the employees can buy
    stocks at a price lower than the normal price.

    Some companies have incen_ pl_,where they offer their employees extra rewards and
    benefits for good attdndance, increased productivity, etc.

    The amount of money an employee receives each hour, day, week. etc., is known as an hourly/
    daily / weekly ra_.
    lf an employee loses his / her job because the company doesn't need or can't afford to keep
    him / her, they might receive redun_ p-.

    Some companies offer their employees a dis- on the product and services they sell, which
    means that the employee can buy them for less than the usual price.

    lf an employee takes a job in another town or city which ls a long way from his / her original home
    and place of work, he I she might be offered a reloc- allow-.
    Some companies have a policy of pro- sha-, where some or all of the money that they
    make is given to their employees.

    Gr_ is an adjective used to describe an employee's earnings before tax, national insurance, etc.,
    have been removed.

    N_ is an adjective used to describe an employee's earnings afterlax, national insurance, etc.,


    have been removed.

    When the money that an employee receives rises automatically by the percentage increase in the
    cost of living, we say that it is in_-lin_.
    lf the amount of money an employee receives depends on how well he / she does his / her job, we
    say that it is perf_-rel_.
    When the money that an employee earns is based on age, experience, qualifications, position in
    the company. etc., we say that it is comm-.
    When an employee leaves his / her job after a long period with the company. he / she might be
    offered a large amount of money known as a gol- hand-.

    17
    For reference see Easier English lntermediate Dictionary (0-7475-69894).

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