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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
[substantiv]

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

salariu

salariu

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

Angajații primesc salariul la sfârșitul lunii.

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wage
wage
[substantiv]

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

salariu, plată

salariu, plată

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

Compania a crescut salariul minim pentru angajații săi pentru a atrage și a reține talente.

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pension
pension
[substantiv]

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

pensie, retragere

pensie, retragere

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

Pensia bunicului meu îi permite să călătorească în timpul pensionării.

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raise
raise
[substantiv]

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

mărire, creștere

mărire, creștere

Ex: A raise is expected after the annual review. 

Se așteaptă o majorare după evaluarea anuală.

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bonus
bonus
[substantiv]

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

bonus,  primă

bonus, primă

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

Bonusul nostru este calculat pe baza evaluărilor noastre de performanță.

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unpaid
unpaid
[adjectiv]

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

neplătit, neremunerat

neplătit, neremunerat

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

A lucrat câteva luni într-un stagiu neplătit înainte de a obține un job cu normă întreagă.

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commission
commission
[substantiv]

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

comision,  procent

comision, procent

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

Vânzătorul câștigă o comision de 10% la fiecare vânzare.

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hazard pay
hazard pay
[substantiv]

additional compensation for work involving physical danger or health risks

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

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

salariu de trai, salariu minim

salariu de trai, salariu minim

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minimum wage
minimum wage
[substantiv]

the lowest level of salary, set by the law

salariul minim, plata minimă

salariul minim, plata minimă

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

Guvernul a majorat salariul minim pentru a ajuta lucrătorii cu venituri mici.

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pay gap
pay gap
[substantiv]

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

diferență salarială, decălaj de plată

diferență salarială, decălaj de plată

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

the disparity in earnings between two distinct groups of workers

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

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

asigurare de sănătate, acoperire medicală

asigurare de sănătate, acoperire medicală

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

Cu asigurare de sănătate, Sarah putea vizita medicul fără să-și facă griji cu privire la costul total al consultațiilor medicale.

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medical insurance
medical insurance
[substantiv]

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

Ex: Her medical insurance covers doctor visits, surgeries, and prescription drugs. 
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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. 
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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. 
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retirement plan
retirement plan
[substantiv]

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. 
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retirement fund
retirement fund
[substantiv]

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. 
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pension plan
pension plan
[substantiv]

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

plan de pensie, program de pensii

plan de pensie, program de pensii

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

Compania oferă un plan de pensii generos tuturor angajaților.

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annuity
annuity
[substantiv]

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

rentă, anuitate

rentă, anuitate

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

Ea primește o rentă lunară din fondul ei de pensie.

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severance pay
severance pay
[substantiv]

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

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

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

pensionare anticipată, prepensionare

pensionare anticipată, prepensionare

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

A ales pensionarea anticipată pentru a petrece mai mult timp cu familia sa.

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pensionable age
pensionable age
[substantiv]

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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