salary-A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
wage-Wages differ from salaries in the sense that each job, hour, or other unit is paid separately, rather than periodically.
pension-A pension is a fixed sum paid regularly to a person, typically, given following retirement from service.
back payment-An overdue payment from an employer to an employee for work done earlier.
The employer paid a back payment to his employee on his wages from 3 months earlier.
pay cut-A reduction in the amount of pay an employee is given.
The pay cuts will affect only new employees.
ask for a pay rise-To ask for a pay increase.
pay rate-The amount of money received per unit time usually per hour
In some countries, women's pay rate is lower than men's
net pay-This is the amount of money left over after deductions from the gross salary.
performance-related pay-This is money paid to someone relating to how well he or she works at the workplace.
basic salary-What an employer earns before other sums of money, such as payments for working extra hours, are added.
bonus-An extra sum that is given as a premium to an employee
The employee of the week receives a bonus for his excellent work.
cost of living allowance-A Cost of Living Allowance (COLA) adjusts salaries based on changes in a cost-of-living index. Salaries are typically adjusted annually.
disability pension-A disability pension is a form of pension given to those people who are permanently or temporarily unable to work due to a disability.
overtime pay-Overtime is the amount of time someone works beyond normal working hours. Overtime pay is the money given to someone for such work. Employers are required to pay workers at a higher hourly rate for overtime work.
severance pay-A severance package is the pay and benefits an employee receives when he or she leaves employment at a company.
Raises