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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
[sostantivo]

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

salario

salario

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

L'azienda ha annunciato un aumento di stipendio per tutti i dipendenti.

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wage
wage
[sostantivo]

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

salario

salario

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

Il governo ha implementato politiche per garantire salari equi e migliorare il tenore di vita dei lavoratori.

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pension
pension
[sostantivo]

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

pensione

pensione

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

I dipendenti del governo spesso ricevono una pensione come parte dei loro benefici di pensionamento.

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raise
raise
[sostantivo]

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

aumento

aumento

Ex: The union negotiated a raise for its members. 

Il sindacato ha negoziato un aumento per i suoi membri.

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bonus
bonus
[sostantivo]

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

bonus

bonus

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

Con il suo bonus di fine anno, ha comprato una macchina nuova.

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unpaid
unpaid
[aggettivo]

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

pagati

pagati

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

Molti studenti sono costretti ad accettare posizioni non retribuite per costruire i loro curriculum mentre sono a scuola.

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commission
commission
[sostantivo]

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

commissione

commissione

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

L'azienda offre una retribuzione basata sulla commissione al suo team di vendita.

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hazard pay
hazard pay
[sostantivo]

additional compensation for work involving physical danger or health risks

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

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

salario dignitoso, salario vitale

salario dignitoso, salario vitale

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minimum wage
minimum wage
[sostantivo]

the lowest level of salary, set by the law

salario minimo

salario minimo

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

Molte persone faticano ad arrivare a fine mese solo con il salario minimo.

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pay gap
pay gap
[sostantivo]

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

divario retributivo

divario retributivo

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

the disparity in earnings between two distinct groups of workers

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

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

assicurazione sanitaria, copertura sanitaria

assicurazione sanitaria, copertura sanitaria

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

I piani di assicurazione sanitaria possono includere opzioni per la copertura dentale e visiva, affrontando uno spettro più ampio di esigenze sanitarie.

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medical insurance
medical insurance
[sostantivo]

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

Ex: Medical insurance premiums have risen significantly over the past year. 
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disability insurance

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. 
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unemployment insurance

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. 
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retirement plan
retirement plan
[sostantivo]

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. 
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retirement fund
retirement fund
[sostantivo]

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. 
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pension plan
pension plan
[sostantivo]

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

piano pensionistico, piano di pensione

piano pensionistico, piano di pensione

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

Ha esaminato le opzioni del piano pensionistico prima di decidere dove investire.

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annuity
annuity
[sostantivo]

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

rendita, annualità

rendita, annualità

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

Si affidavano a una rendita per coprire le spese di sussistenza dopo il pensionamento.

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severance pay
severance pay
[sostantivo]

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

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

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

pensionamento anticipato, prepensionamento

pensionamento anticipato, prepensionamento

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

Molte persone sognano di raggiungere l'indipendenza finanziaria e di prendere un pensionamento anticipato.

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pensionable age
pensionable age
[sostantivo]

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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