Pay, Benefits, and Working Conditions - Vocabulary

Front

A form of employee compensation, ______ are in addition to your paycheck.

Back

benefits

Front

Amounts, both required and optional, subtracted from gross pay are called ______.

Back

deductions

Front

When deductions are subtracted from gross pay, what is left is known as ______.

Back

net pay or take-home pay (paycheck)

Front

Profit sharing is a way to encourage employees to do more and better work, and is known as a(n) ______.

Back

incentive

Front

A group of people working in the same or similar occupations, organized for the benefit of all, is a(n) ______.

Back

labor union

Front

The main function of unions is ______, which is the process of getting together with employers to negotiate an employment contract.

Back

collective bargaining

Front

The principle of ______ states that the person who has worked the longest should be the last to be laid off.

Back

seniority

Front

The American Bar Association is an example of a(n) ______, which is very similar to a labor union.

Back

professional organization

Front

An effort made to influence legislation to the advantage of a profession is known as ______.

Back

lobbying

Front

The total or agreed-upon rate of pay or salary is called ______.

Back

gross pay