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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
[nom]

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

salaire

salaire

Ex: He negotiated his salary before joining the company. 

Il a négocié son salaire avant de rejoindre l'entreprise.

wage
wage
[nom]

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

salaire

salaire

Ex: He earned a competitive wage working as a mechanic at the local garage. 

Il a gagné un salaire compétitif en travaillant comme mécanicien dans le garage local.

pension
pension
[nom]

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

pension

pension

Ex: Many workers are concerned about the future stability of their pension funds. 

De nombreux travailleurs s'inquiètent de la stabilité future de leurs fonds de pension.

raise
raise
[nom]

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

augmentation

augmentation

Ex: Due to inflation, many workers demanded a raise. 

En raison de l'inflation, de nombreux travailleurs ont demandé une augmentation.

bonus
bonus
[nom]

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

prime

prime

Ex: The bonus scheme at her job is very attractive. 

Le régime de bonus à son travail est très attractif.

unpaid
unpaid
[Adjectif]

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

non payé, impayé

non payé, impayé

Ex: The employees were upset about the unpaid overtime hours they had been asked to work. 

Les employés étaient mécontents des heures supplémentaires non payées qu'on leur avait demandé de faire.

commission

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

commission

commission

Ex: She made a large commission from selling luxury cars. 

Elle a réalisé une grosse commission en vendant des voitures de luxe.

hazard pay

additional compensation for work involving physical danger or health risks

Ex: The company offered hazard pay to workers handling toxic materials. 
living wage

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

salaire décent, salaire vital

salaire décent, salaire vital

minimum wage

the lowest level of salary, set by the law

salaire minimum

salaire minimum

Ex: She works part-time at minimum wage while studying. 

Elle travaille à temps partiel au salaire minimum tout en étudiant.

pay gap
pay gap
[nom]

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

écart de rémunération

écart de rémunération

Ex: She published a report on the ethnic pay gap in the financial sector. 
wage gap

the disparity in earnings between two distinct groups of workers

Ex: Studies show the wage gap between college graduates and non-graduates is widening. 
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

assurance maladie, couverture santé

assurance maladie, couverture santé

Ex: John's health insurance plan covered the majority of his hospital expenses during a recent illness. 

Le plan d'assurance maladie de John a couvert la majorité de ses frais d'hôpital lors d'une récente maladie.

medical insurance

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

Ex: The company provides medical insurance to all full-time employees. 
disability insurance

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

Ex: Disability insurance covers up to 60% of your salary for long-term absence. 
unemployment insurance

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

Ex: Unemployment insurance benefits typically last for up to 26 weeks. 
retirement plan

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

Ex: The company offers a 401(k) retirement plan with employer matching. 
retirement fund

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

Ex: The retirement fund grew significantly due to strong market returns. 
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

régime de retraite, plan de pension

régime de retraite, plan de pension

Ex: He started contributing to his pension plan early in his career. 

Il a commencé à cotiser à son régime de retraite tôt dans sa carrière.

annuity
annuity
[nom]

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

rente

rente

Ex: The investor purchased an annuity to guarantee steady income. 

L'investisseur a acheté une rente pour garantir un revenu stable.

severance pay

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

Ex: The severance pay helped him cover expenses while he searched for a new job. 
early retirement

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

retraite anticipée, préretraite

retraite anticipée, préretraite

Ex: Her health issues forced her into early retirement. 

Ses problèmes de santé l'ont forcée à prendre une retraite anticipée.

pensionable age

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

Ex: The government plans to raise the pensionable age to 67 by 2030. 
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