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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
[Nomen]

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

Gehalt (n)

Gehalt (n)

Ex: The average salary in this industry has increased. 

Das durchschnittliche Gehalt in dieser Branche ist gestiegen.

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wage
wage
[Nomen]

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

Lohn

Lohn

Ex: She used her wages from part-time work to save up for college tuition. 

Sie nutzte ihren Lohn aus Teilzeitarbeit, um für das Collegegeld zu sparen.

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pension
pension
[Nomen]

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

Pension

Pension

Ex: She was concerned about the security of her pension following the company's financial difficulties. 

Sie war besorgt um die Sicherheit ihrer Rente nach den finanziellen Schwierigkeiten des Unternehmens.

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raise
raise
[Nomen]

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

Gehaltserhöhung

Gehaltserhöhung

Ex: She was excited to receive a raise at work. 

Sie freute sich darauf, eine Gehaltserhöhung bei der Arbeit zu erhalten.

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bonus
bonus
[Nomen]

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

Bonus

Bonus

Ex: They are expecting a good bonus as business was very profitable this year. 

Sie erwarten einen guten Bonus, da das Geschäft dieses Jahr sehr profitabel war.

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unpaid
unpaid
[Adjektiv]

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

unbezahlt, nicht bezahlt

unbezahlt, nicht bezahlt

Ex: Despite the long hours, her unpaid work in the community was highly appreciated. 

Trotz der langen Stunden wurde ihre unbezahlte Arbeit in der Gemeinschaft sehr geschätzt.

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commission
commission
[Nomen]

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

Provision,  Prozentsatz

Provision, Prozentsatz

Ex: The agent received a commission for finding a buyer. 

Der Agent erhielt eine Provision dafür, dass er einen Käufer fand.

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hazard pay
hazard pay
[Nomen]

additional compensation for work involving physical danger or health risks

Ex: The union negotiated hazard pay for employees assigned to night shifts in high-crime areas. 
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living wage

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

existenzsichernder Lohn, Mindestlohn

existenzsichernder Lohn, Mindestlohn

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minimum wage

the lowest level of salary, set by the law

Mindestlohn, Mindestgehalt

Mindestlohn, Mindestgehalt

Ex: They organized a rally to demand a higher minimum wage. 

Sie organisierten eine Kundgebung, um einen höheren Mindestlohn zu fordern.

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pay gap
pay gap
[Nomen]

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

Lohngefälle, Gehaltsunterschied

Lohngefälle, Gehaltsunterschied

Ex: Closing the pay gap requires transparency and accountability from employers. 
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wage gap
wage gap
[Nomen]

the disparity in earnings between two distinct groups of workers

Ex: The company conducted an audit to identify wage gaps among its employees. 
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health insurance

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

Krankenversicherung, Gesundheitsversicherung

Krankenversicherung, Gesundheitsversicherung

Ex: Health insurance policies typically include coverage for prescription medications, easing the financial burden on policyholders. 

Krankenversicherungspolicen umfassen in der Regel die Abdeckung von verschreibungspflichtigen Medikamenten, was die finanzielle Belastung der Versicherungsnehmer verringert.

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medical insurance

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

Ex: She compared different medical insurance plans before choosing one. 
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disability insurance

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

Ex: The company offers short-term and long-term disability insurance to all employees. 
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unemployment insurance

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

Ex: The government extended unemployment insurance during the economic crisis. 
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retirement plan

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

Ex: They diversified their retirement plan investments to reduce risk. 
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retirement fund

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

Ex: The company manages a group retirement fund for its long-term employees. 
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pension plan

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

Rentenplan, Pensionsplan

Rentenplan, Pensionsplan

Ex: Government workers are usually enrolled in a state-funded pension plan. 

Staatsbedienstete sind in der Regel in einem staatlich finanzierten Rentenplan eingeschrieben.

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annuity
annuity
[Nomen]

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

Rente, Annuität

Rente, Annuität

Ex: The insurance company offers both immediate and deferred annuities. 

Das Versicherungsunternehmen bietet sowohl sofortige als auch aufgeschobene Renten an.

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severance pay

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

Ex: The union demanded severance pay for all laid-off workers. 
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early retirement

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

vorzeitiger Ruhestand, Frühverrentung

vorzeitiger Ruhestand, Frühverrentung

Ex: He took early retirement at 55 and now travels the world. 

Er ging mit 55 in den Vorruhestand und reist jetzt um die Welt.

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pensionable age

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

Ex: Pensionable age varies between countries and pension schemes. 
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