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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
[명사]

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

급여

급여

Ex: Her new job offers a higher salary. 

그녀의 새로운 직장은 더 높은 급여를 제공합니다.

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wage
wage
[명사]

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

임금, 급여

임금, 급여

Ex: The union negotiated higher wages for its members in the latest contract agreement. 

노조는 최근 계약 협정에서 회원들을 위해 더 높은 임금을 협상했습니다.

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pension
pension
[명사]

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

연금, 퇴직금

연금, 퇴직금

Ex: After working for the company for over thirty years, he was able to retire with a comfortable pension. 

회사에서 30년 이상 일한 후, 그는 편안한 연금으로 은퇴할 수 있었다.

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raise
raise
[명사]

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

인상, 승급

인상, 승급

Ex: She decided to switch jobs after being denied a raise. 

그녀는 인상 요구가 거절된 후 직장을 바꾸기로 결심했다.

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bonus
bonus
[명사]

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

보너스,  상여금

보너스, 상여금

Ex: The CEO handed out bonuses to recognize excellent performance. 

최고 경영자는 뛰어난 성과를 인정하기 위해 보너스를 나눠주었다.

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unpaid
unpaid
[형용사]

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

지불되지 않은, 무급의

지불되지 않은, 무급의

Ex: He volunteered for an unpaid position at the local charity to gain experience in nonprofit work. 

그는 비영리 단체에서의 경험을 쌓기 위해 지역 자선 단체에서 무급 직책을 자원했습니다.

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commission
commission
[명사]

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

수수료,  퍼센트

수수료, 퍼센트

Ex: His salary is low, but he gets a high commission. 

그의 급여는 낮지만, 그는 높은 수수료를 받는다.

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hazard pay
hazard pay
[명사]

additional compensation for work involving physical danger or health risks

Ex: She qualified for hazard pay during the pandemic for working in the ICU. 
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living wage
living wage
[명사]

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

생계 임금, 최저 임금

생계 임금, 최저 임금

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minimum wage
minimum wage
[명사]

the lowest level of salary, set by the law

최저 임금, 최소 임금

최저 임금, 최소 임금

Ex: He argued that the minimum wage should be adjusted for inflation. 

그는 최저 임금이 인플레이션에 따라 조정되어야 한다고 주장했다.

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pay gap
pay gap
[명사]

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

임금 격차, 급여 차이

임금 격차, 급여 차이

Ex: The company voluntarily disclosed its internal pay gap data. 
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wage gap
wage gap
[명사]

the disparity in earnings between two distinct groups of workers

Ex: She advocates for policies to close the racial wage gap. 
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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

건강 보험, 의료 보험

건강 보험, 의료 보험

Ex: Employers often offer health insurance benefits to their employees as part of the overall compensation package. 

고용주는 종종 전체 보상 패키지의 일부로 직원들에게 건강 보험 혜택을 제공합니다.

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medical insurance

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

Ex: He had to pay out of pocket because his medical insurance didn't cover the procedure. 
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disability insurance

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

Ex: He filed a claim with his disability insurance after his back injury. 
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unemployment insurance

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

Ex: He received unemployment insurance while searching for a new job. 
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retirement plan

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

Ex: He reviewed his retirement plan to ensure he was on track for his goals. 
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retirement fund

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

Ex: He withdrew from his retirement fund to cover unexpected medical expenses. 
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pension plan
pension plan
[명사]

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

연금 계획, 퇴직금 계획

연금 계획, 퇴직금 계획

Ex: Without a solid pension plan, retirement can be financially challenging. 

튼튼한 연금 계획 없이 은퇴는 재정적으로 어려울 수 있습니다.

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annuity
annuity
[명사]

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

연금, 정기 지급금

연금, 정기 지급금

Ex: His pension includes an annuity that pays out for life. 

그의 연금에는 평생 동안 지급되는 연금이 포함됩니다.

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severance pay

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

Ex: He negotiated a higher severance pay as part of his exit agreement. 
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early retirement

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

조기 퇴직, 조기 은퇴

조기 퇴직, 조기 은퇴

Ex: The firm announced a voluntary early retirement scheme for senior employees. 

회사는 고위 직원을 위한 자발적인 조기 퇴직 계획을 발표했습니다.

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pensionable age

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

Ex: He is still working even though he is above the pensionable age. 
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