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Jobs and Working Life - Compensation

Study terms related to salaries, wages, bonuses, commissions, insurance benefits, severance pay, retirement plans, pensions, and pay equality.

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Words Related to Jobs and Working Life
salary
salary
[Podstatné jméno]

an amount of money we receive for doing our job, usually monthly

plat

plat

Ex: The company announced a salary raise for all employees. 

Společnost oznámila zvýšení platu pro všechny zaměstnance.

wage
wage
[Podstatné jméno]

money that a person earns, daily or weekly, in exchange for their work

mzda, plat

mzda, plat

Ex: The government implemented policies to ensure fair wages and improve living standards for workers. 

Vláda zavedla politiky na zajištění spravedlivých mezd a zlepšení životní úrovně pracovníků.

pension
pension
[Podstatné jméno]

a regular payment made to a retired person by the government or a former employer

důchod, penze

důchod, penze

Ex: Government employees often receive a pension as part of their retirement benefits. 

Zaměstnanci vlády často dostávají důchod jako součást svých důchodových dávek.

raise
raise
[Podstatné jméno]

an amount of money added to our regular payment for the job we do

zvýšení, příplatek

zvýšení, příplatek

Ex: The union negotiated a raise for its members. 

Odborová organizace vyjednala zvýšení pro své členy.

bonus
bonus
[Podstatné jméno]

the extra money that we get, besides our salary, as a reward

bonus,  prémie

bonus, prémie

Ex: With her end-of-year bonus, she bought a new car. 

Se svým bonusem na konci roku koupila nové auto.

unpaid
unpaid
[Přídavné jméno]

not yet given the money that was promised in exchange for something

nezaplacený, nevyplacený

nezaplacený, nevyplacený

Ex: Many students are forced to take unpaid positions to build their resumes while in school. 

Mnoho studentů je nuceno přijímat neplacené pozice, aby si vytvořili životopis během školy.

commission
commission
[Podstatné jméno]

a sum of money paid to someone based on the value or quantity of goods they sell

provize,  procento

provize, procento

Ex: The company offers commission-based pay to its sales team. 

Společnost nabízí svému prodejnímu týmu odměnu založenou na provizi.

hazard pay
hazard pay
[Podstatné jméno]

additional compensation for work involving physical danger or health risks

Ex: He earned hazard pay for working on the offshore oil rig. 
living wage
living wage
[Podstatné jméno]

the minimum income necessary for a worker to meet basic needs without relying on public assistance or private charities

životní mzda, minimální mzda

životní mzda, minimální mzda

minimum wage
minimum wage
[Podstatné jméno]

the lowest level of salary, set by the law

minimální mzda, nejnižší plat

minimální mzda, nejnižší plat

Ex: Many people struggle to make ends meet on minimum wage alone. 

Mnoho lidí se snaží vyjít s penězi pouze s minimální mzdou.

pay gap
pay gap
[Podstatné jméno]

the difference between the payment received by two different groups of people

platová mezera, rozdíl v platech

platová mezera, rozdíl v platech

Ex: The pay gap between executives and entry-level workers has grown significantly. 
wage gap
wage gap
[Podstatné jméno]

the disparity in earnings between two distinct groups of workers

Ex: Legislation was introduced to address the wage gap in the tech sector. 
health insurance
health insurance
[Podstatné jméno]

a financial arrangement that provides coverage for medical expenses, offering individuals or groups protection against the high costs of healthcare services and treatments

zdravotní pojištění, zdravotní zabezpečení

zdravotní pojištění, zdravotní zabezpečení

Ex: Health insurance plans may include options for dental and vision coverage, addressing a broader spectrum of healthcare needs. 

Plány zdravotního pojištění mohou zahrnovat možnosti zubního a zrakového pojištění, což řeší širší spektrum zdravotních potřeb.

medical insurance
medical insurance
[Podstatné jméno]

a policy that covers the cost of medical treatment and healthcare services

Ex: Medical insurance premiums have risen significantly over the past year. 
disability insurance
disability insurance
[Podstatné jméno]

insurance that provides income replacement if the policyholder becomes unable to work due to illness or injury

Ex: Many self-employed workers buy disability insurance for financial security. 
unemployment insurance
unemployment insurance
[Podstatné jméno]

a government program that provides temporary financial assistance to eligible workers who have lost their jobs

Ex: Eligibility for unemployment insurance depends on prior earnings and reason for separation. 
retirement plan
retirement plan
[Podstatné jméno]

a financial arrangement designed to provide income for an individual after they stop working

Ex: The retirement plan allows withdrawals without penalty after age 59½. 
retirement fund
retirement fund
[Podstatné jméno]

a pool of money accumulated for use after retirement, often through regular contributions and investments

Ex: They hired a financial advisor to help grow their retirement fund. 
pension plan
pension plan
[Podstatné jméno]

a retirement savings plan in which an employer or organization contributes money on behalf of its employees, to be used to provide income to those employees during their retirement years

důchodový plán, penzijní plán

důchodový plán, penzijní plán

Ex: She reviewed her pension plan options before deciding where to invest. 

Před rozhodnutím, kam investovat, zkontrolovala své možnosti důchodového plánu.

annuity
annuity
[Podstatné jméno]

a fixed stream of payments made at regular intervals, typically derived from a capital investment or insurance contract

důchod, anuita

důchod, anuita

Ex: They relied on an annuity to cover living expenses after retirement. 

Spoléhali se na anuitní důchod, aby pokryli životní náklady po odchodu do důchodu.

severance pay
severance pay
[Podstatné jméno]

compensation paid by an employer to an employee upon termination of employment

Ex: Severance pay is often calculated based on years of service. 
early retirement
early retirement
[Podstatné jméno]

the act of leaving a job or career permanently before the typical retirement age

předčasný odchod do důchodu, předdůchod

předčasný odchod do důchodu, předdůchod

Ex: Many people dream of achieving financial independence and taking early retirement. 

Mnoho lidí sní o dosažení finanční nezávislosti a předčasném odchodu do důchodu.

pensionable age
pensionable age
[Podstatné jméno]

the age at which a person becomes eligible to receive a state or company pension

Ex: Employees are entitled to retire once they reach pensionable age. 
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