Salary, Wages, and Bonuses
_____________ is a fixed yearly amount, and ____________ are paid per hour.
What are salary and wages?
Many companies offer this benefit to help employees pay for doctor visits and prescriptions.
What is health insurance?
The meaning of the HR acronym “FMLA”.
What is Family Medical Leave Act?
This policy allows employees to work from home instead of coming to the office.
What is remote work?
This person works for a company and receives wages or a salary.
Who is an employee?
As of 2024, the federal minimum wage in the U.S. is this amount.
What is $7.25 per hour?
This benefit lets employees take time off while still getting paid.
What is Paid Time Off (PTO)
The meaning of the HR acronym “ADA”.
What is the Americans with Disabilities Act?
Employees can own part of the company through this stock-based benefit.
What is an Employee Stock Ownership Plan (ESOP)?
This document lists a person’s work experience, skills, and education when applying for a job.
What is a resume?
This is extra money given to employees for good performance or company profits.
What is a bonus?
This retirement savings plan allows employees to contribute part of their paycheck before taxes.
What is a 401(k)?
The meaning of the HR acronym “FLSA”.
What is Fair Labor Standards Act?
Some companies offer this unusual perk to help employees with young children.
What is on-site daycare?
This form is filled out to officially apply for a job.
What is a job application?
This type of pay is based on a percentage of sales made by an employee.
What is commission?
Unlike a 401(k), this type of retirement plan is fully funded by the employer.
What is a pension?
The meaning of the HR acronym “ACA”.
What is Affordable Care Act?
This type of program encourages employees to stay active and healthy, often including gym memberships or fitness challenges.
What is a wellness program?
This type of interview is when a company speaks with an applicant to decide if they are a good fit for the job.
What is a job interview?
This type of pay is required for employees who work more than 40 hours in a week.
What is overtime pay?
Some companies will pay for their employees to go back to school through this benefit.
What is tuition reimbursement?
The meaning of the HR acronym “EEOC”.
What is the Equal Employment Opportunity Commission?
Employees can earn a share of company profits through this type of benefit.
What is profit-sharing?
This person works for a company and receives wages or a salary.
Who is an employee?