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Vocabulary --> Personnel --> Salaries and Benefits --> Word to learn


Study the following definitions and examples.

 

1.     basis n., the main reason for something; a base or foundation

a.   The manager didn't have any basis for firing the employee.

b.   On the basis of my ten years of loyalty to this company, I feel that I deserve three weeks vacation.

 

2.     be aware of v., to be conscious of; to be knowledgeable about

a.     The new staff member wasn't aware of the company's position on working a second job.

b.     Are you aware of the new employee's past work history?

 

3.     benefits n., the advantages provided to an employee in addition to salary; v., to take advantage of

a.     Although the analyst earned a better salary at his new job, his benefits were better at his previous job.

b.     We all benefit from the company's policy of semiannual reviews.

 

4.     compensate v., to pay; to make up for

a.     The company compensates employees for overtime by paying more for those extra hours worked.

b.     The company will compensate employees for any travel expenses.

 

5.     delicate adj., sensitive; adv., with sensitivity

a.     Contract negotiations are very delicate and should be conducted by senior management.

b.     The manager delicately asked about the health of his client.

 

6.     eligible adj., able to participate in something; qualified

a.     Some employees may be eligible for the tuition reimbursement plan.

b.     I don't understand why I'm not eligible if I have been with the company for over a year.

 

7.     flexible adj., not rigid, able to change easily

a.     Sometimes the manager is too flexible and his workers take advantage of him.

b.     Younger workers tend to be more flexible with their work schedules.

 

8.     negotiate v., to talk for the purpose of reaching an agreement, especially on prices or contracts

a.     You must know what you want and what you can accept when you negoti­ate a salary.

b.     The associate looked forward to the day that she would be able to negoti­ate her own contracts.

 

9.     raise n., an increase in salary

a. The supervisor expected a substantial raise and was disappointed with the 2 percent increase she received.

b. With his raise, Mr. Drvoshanov was able to afford to buy a new car.

 

10.     retire v., to stop working; to withdraw from a business or profession

a.    She retired at the age of 64 but continued to be very active with volunteer work.

b.    Many people would like to win the lottery and retire.

 

11.     vested adj., absolute, authorized

a.    The day that Ms.Weng become fully vested in the retirement plan, she gave her two weeks' notice.

b.    The company has a vested interest in the happiness of its employees.

 

12.     wage n., the money paid for work done, usually hourly

a.     Hourly wages have increased by 20 percent over the last two years.

b.     The intern spends more than half of her wages on rent.

 

 
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