6-3 Commissions, Royalties, and Piecework Pay, PG 303 6-4 Employee Benefits PG 310
Terms in this set (17)
An amount paid to an employee based on a percentage of the employee's sales
share of earnings given as payment
a worker that is paid for each item the employee makes
rate of pay for each unit produced
indirect and non-cash compensation paid to an employee. Some benefits are mandated by law (such as social security, unemployment compensation, and workers compensation), others vary from firm to firm or industry to industry (such as health insurance, life insurance, medical plan, paid vacation, pension, and gratuity).
A plan by which a company gives protection from the cost of injury or loss
Paid Vacation Time
Paid time off that an employer may offer to employees as an employee benefit.
Paid Holiday Time
Paid time off for holidays that an employer may offer to employees as an employee benefit.
The planning you do to make sure you will be financially stable after retirement.
Stock Ownership Plans
A plan that allows employees to buy or receive company stock; offered as an employee benefit.
An employee benefit that allows employees paid time off to care for sick children or newborns.
Family Health Care
A type of health insurance that covers all members of the immediate family for health care bills to the extent outlined in the health care coverage plan.
Individual Health Care
A type of health insurance that covers only the individual to the extent outlined in the health care coverage plan.
A fixed sum paid regularly to a person under given conditions to a person following his retirement from service
program that gives payments to people who have lost their jobs until they find work again
Weekly benefit amount divided into quarters
A form of insurance paid by the employer providing cash benefits to workers injured or disabled in the course of employment.