Compensation
This fixed amount is paid for every hour you work and may qualify you for overtime.
What is hourly pay?
Provides coverage for eyesight care such as eyeglasses and contact lenses.
What is Vision Insurance?
Allows you to address health related needs without losing pay.
What is Sick Pay?
A retirement savings plan that is specific for employees in the private and for-profit sectors.
What is a 401(k)?
Pet owners can purchase this benefit to help cover medical costs related to vet bills.
What is Pet Insurance?
This fixed amount is typically paid bi-weekly or monthly and does not include overtime eligibility.
What is a salary?
Provides coverage on visits for care related to teeth and gums.
What is Dental insurance?
Allows you to take time off work on designated holidays without losing pay.
What is a paid holiday?
A retirement savings plan that is specific for government and non-profit sectors.
What is a 403(b)?
Gym memberships, counseling resources, and other initiatives to promote employee well-being.
What is an Employee Wellness Program?
This is generally gifted as appreciation.
What is a bonus?
Provides financial protection for medical expenses.
What is Medical insurance?
Allows time away for personal reasons or towards vacation while still being compensated.
What is a vacation pay or personal day?
A tax free savings account designated for an individual's retirement.
What is an IRA?
An employer may pay or reimburse a fixed amount towards an employee for educated related expenses.
What is Educational assistance?
This compensation is performance based and sale roles where employees can receive a fixed amount or percentage for compensation.
What is a commission?
The amount that you pay out-of-pocket for health care that your insurance does not cover.
What is a deductible?
Leave that is taken after an employee experiences the loss of a loved one.
What is Bereavement?
A fixed amount paid to a retiree, usually based on the number of years of service and the salary history.
What is a pension?
Provides a death benefit to beneficiaries to help with expenses like funeral costs or income replacement.
What is life insurance?
The minimum to maximum range of pay that is set for a particular job position.
What is a salary range?
This amount is taken from your paycheck to maintain health insurance coverage.
What is a premium?
A federal law that allows employees to take unpaid leave for up to a 12-week period.
What is FMLA or Parental Leave?
A timeline an employee will gain full ownership of employer contributions towards a retirement account
What is a vesting schedule?
Replaces a portion of an employee's income if they are unable to work due to illness or injury.
What is Disability Insurance?