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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
[Pangngalan]

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

suweldo

suweldo

Ex: Employees receive their salary at the end of the month. 

Ang mga empleyado ay tumatanggap ng kanilang suweldo sa katapusan ng buwan.

wage
wage
[Pangngalan]

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

sahod, suweldo

sahod, suweldo

Ex: The company increased the minimum wage for its employees to attract and retain talent. 

Itinaas ng kumpanya ang pinakamababang sahod ng mga empleyado nito upang maakit at mapanatili ang talento.

pension
pension
[Pangngalan]

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

pensiyon, retiro

pensiyon, retiro

Ex: My grandfather's pension allows him to travel during his retirement. 

Ang pensiyon ng aking lolo ay nagbibigay-daan sa kanya na maglakbay sa panahon ng kanyang pagreretiro.

raise
raise
[Pangngalan]

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

dagdag, pagtaas

dagdag, pagtaas

Ex: A raise is expected after the annual review. 

Inaasahan ang pagtaas pagkatapos ng taunang pagsusuri.

bonus
bonus
[Pangngalan]

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

bonus,  pabuya

bonus, pabuya

Ex: Our bonus is calculated based on our performance ratings. 

Ang aming bonus ay kinakalkula batay sa aming mga rating ng pagganap.

unpaid
unpaid
[pang-uri]

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

hindi bayad, di binabayaran

hindi bayad, di binabayaran

Ex: She worked for several months at an unpaid internship before landing a full-time job. 

Nagtrabaho siya ng ilang buwan sa isang unpaid internship bago makakuha ng full-time na trabaho.

commission
commission
[Pangngalan]

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

komisyon,  porsyento

komisyon, porsyento

Ex: The salesperson earns a 10% commission on every sale. 

Ang salesperson ay kumikita ng 10% komisyon sa bawat benta.

hazard pay
hazard pay
[Pangngalan]

additional compensation for work involving physical danger or health risks

Ex: Firefighters receive hazard pay for responding to emergency situations. 
living wage
living wage
[Pangngalan]

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

sahod na pang-araw-araw, minimum na sahod

sahod na pang-araw-araw, minimum na sahod

minimum wage
minimum wage
[Pangngalan]

the lowest level of salary, set by the law

pinakamababang sahod, minimum na sahod

pinakamababang sahod, minimum na sahod

Ex: The government increased the minimum wage to help low-income workers. 

Itinaas ng gobyerno ang minimum na sahod upang matulungan ang mga manggagawang may mababang kita.

pay gap
pay gap
[Pangngalan]

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

agwat sa sahod, pagkakaiba ng bayad

agwat sa sahod, pagkakaiba ng bayad

Ex: The pay gap between male and female managers widened despite equal pay laws. 
wage gap
wage gap
[Pangngalan]

the disparity in earnings between two distinct groups of workers

Ex: The gender wage gap remains a significant issue in many industries. 
health insurance
health insurance
[Pangngalan]

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

seguro sa kalusugan, pagsasakop sa kalusugan

seguro sa kalusugan, pagsasakop sa kalusugan

Ex: With health insurance, Sarah could visit the doctor without worrying about the full cost of medical consultations. 

Sa health insurance, nagawa ni Sarah na bisitahin ang doktor nang hindi nag-aalala tungkol sa buong halaga ng mga konsultasyong medikal.

medical insurance
medical insurance
[Pangngalan]

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

Ex: Her medical insurance covers doctor visits, surgeries, and prescription drugs. 
disability insurance

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

Ex: She purchased disability insurance to protect her income in case of an accident. 
unemployment insurance

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

Ex: She filed a claim for unemployment insurance after being laid off. 
retirement plan
retirement plan
[Pangngalan]

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

Ex: She contributes 10% of her salary to her retirement plan each month. 
retirement fund
retirement fund
[Pangngalan]

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

Ex: She started her retirement fund in her 20s with small monthly deposits. 
pension plan
pension plan
[Pangngalan]

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

plano ng pensiyon, retirement savings plan

plano ng pensiyon, retirement savings plan

Ex: The company offers a generous pension plan to all employees. 

Ang kumpanya ay nag-aalok ng isang mapagbigay na pension plan sa lahat ng empleyado.

annuity
annuity
[Pangngalan]

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

anuidad, taunang bayad

anuidad, taunang bayad

Ex: She receives a monthly annuity from her retirement fund. 

Tumanggap siya ng buwanang annuity mula sa kanyang retirement fund.

severance pay
severance pay
[Pangngalan]

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

Ex: She received six months' severance pay after the company downsized. 
early retirement
early retirement
[Pangngalan]

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

maagang pagreretiro, pre-retirement

maagang pagreretiro, pre-retirement

Ex: He chose early retirement to spend more time with his family. 

Pinili niya ang maagang pagreretiro para mas maraming oras sa kanyang pamilya.

pensionable age
pensionable age
[Pangngalan]

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

Ex: She reached pensionable age and began receiving her retirement benefits. 
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