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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

lön

lön

Ex: The average salary in this industry has increased. 

Den genomsnittliga lönen i denna bransch har ökat.

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wage
wage
[Substantiv]

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

lön, avlöning

lön, avlöning

Ex: She used her wages from part-time work to save up for college tuition. 

Hon använde sin lön från deltidsarbete för att spara till högskoleavgiften.

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pension
pension
[Substantiv]

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

pension, pension

pension, pension

Ex: She was concerned about the security of her pension following the company's financial difficulties. 

Hon var orolig för säkerheten med sin pension efter företagets finansiella svårigheter.

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raise
raise
[Substantiv]

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

höjning, ökning

höjning, ökning

Ex: She was excited to receive a raise at work. 

Hon var glad över att få en löneförhöjning på jobbet.

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bonus
bonus
[Substantiv]

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

bonus,  premie

bonus, premie

Ex: They are expecting a good bonus as business was very profitable this year. 

De förväntar sig en bra bonus eftersom affärerna var mycket lönsamma i år.

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unpaid
unpaid
[adjektiv]

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

obetald, oavlönad

obetald, oavlönad

Ex: Despite the long hours, her unpaid work in the community was highly appreciated. 

Trots de långa timmarna uppskattades hennes obetalda arbete i samhället högt.

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commission
commission
[Substantiv]

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

provision,  procent

provision, procent

Ex: The agent received a commission for finding a buyer. 

Agenten fick en provision för att ha hittat en köpare.

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hazard pay
hazard pay
[Substantiv]

additional compensation for work involving physical danger or health risks

Ex: The union negotiated hazard pay for employees assigned to night shifts in high-crime areas. 
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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

levnadslön, minimilön

levnadslön, minimilön

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minimum wage
minimum wage
[Substantiv]

the lowest level of salary, set by the law

minimilön, lägsta lön

minimilön, lägsta lön

Ex: They organized a rally to demand a higher minimum wage. 

De organiserade en demonstration för att kräva en högre minimilön.

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pay gap
pay gap
[Substantiv]

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

lönegap, betalningsskillnad

lönegap, betalningsskillnad

Ex: Closing the pay gap requires transparency and accountability from employers. 
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wage gap
wage gap
[Substantiv]

the disparity in earnings between two distinct groups of workers

Ex: The company conducted an audit to identify wage gaps among its employees. 
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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

sjukförsäkring, hälsoförsäkring

sjukförsäkring, hälsoförsäkring

Ex: Health insurance policies typically include coverage for prescription medications, easing the financial burden on policyholders. 

Hälsoförsäkringspolicys inkluderar vanligtvis täckning för receptbelagda läkemedel, vilket lättar den ekonomiska bördan för försäkringstagarna.

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medical insurance
medical insurance
[Substantiv]

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

Ex: She compared different medical insurance plans before choosing one. 
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disability insurance

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

Ex: The company offers short-term and long-term disability insurance to all employees. 
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unemployment insurance

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

Ex: The government extended unemployment insurance during the economic crisis. 
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retirement plan
retirement plan
[Substantiv]

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

Ex: They diversified their retirement plan investments to reduce risk. 
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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: The company manages a group retirement fund for its long-term employees. 
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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

pensionsplan, pensionssystem

pensionsplan, pensionssystem

Ex: Government workers are usually enrolled in a state-funded pension plan. 

Statligt anställda är vanligtvis anmälda till en statligt finansierad pensionsplan.

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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

livränta, annuitet

livränta, annuitet

Ex: The insurance company offers both immediate and deferred annuities. 

Försäkringsbolaget erbjuder både omedelbara och uppskjutna annuiteter.

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severance pay
severance pay
[Substantiv]

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

Ex: The union demanded severance pay for all laid-off workers. 
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early retirement
early retirement
[Substantiv]

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

tidig pensionering, förtidspension

tidig pensionering, förtidspension

Ex: He took early retirement at 55 and now travels the world. 

Han tog tidig pension vid 55 års ålder och reser nu världen runt.

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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: Pensionable age varies between countries and pension schemes. 
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