Compensation Vocabulary

2. Job characteristics other than direct pay that can affect employment decisions, such as job satisfaction, independence, location, schedule, family needs, and risk.
7. The money, benefits, and other rewards an employee receives from an employer in exchange for their work.
10. The money an employee receives from an employer for work performed, including wages, salary, commissions, bonuses, or other earnings.
12. The collection of benefits an employer offers employees as part of their overall compensation.
15. A program designed to help employees save money for retirement, often through employee contributions, employer contributions, or both.
16. Offer A formal proposal from an employer to hire someone that typically includes pay, benefits, schedule, responsibilities, and working conditions.
17. Forms of compensation other than regular wages or salary, such as health insurance, paid time off, or retirement contributions.
18. A pay system in which some or all of an employee's earnings are based on sales or performance.
19. The level of enjoyment, fulfillment, or personal satisfaction a person gets from their work.
20. The amount of freedom and control a person has over how, when, or where they perform their work.
21. Money received from employment, self-employment, investments, or other sources.

1. A type or category of work that a person performs, such as nurse, teacher, electrician, or mechanic.
3. A set amount of money an employee earns for each hour worked.
4. The possibility that an employment or career decision could result in an undesired financial or personal outcome.
5. The combined financial value of an employee's direct pay and employer-provided benefits.
6. The complete combination of pay, benefits, incentives, and other rewards an employer provides to an employee.
8. The total value an employee receives from an employer in exchange for their work, including pay, benefits, bonuses, retirement contributions, and other forms of compensation.
9. A person's long-term progression of education, training, work experiences, and occupations.
11. Money an employee earns for work performed, often referring to hourly or task-based pay.
13. A fixed amount of money an employee is paid for their work over a specific period, usually stated as an annual amount.
14. Money earned based on the amount or value of products or services an employee sells.