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Compensation And Benefits Vocabulary Set in Administration And Human Resources: Full and Detailed List

The 'Compensation And Benefits' vocabulary set in 'Administration And Human Resources' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...

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salary

/ˈsæl.ɚ.i/

Example:

His annual salary is $60,000.

benefit

/ˈben.ə.fɪt/

Example:

The new policy will bring many benefits to the community.

benefits package

/ˈben.ɪ.fɪts ˌpæk.ɪdʒ/

Example:

The company offers a comprehensive benefits package, including medical, dental, and vision insurance.

social insurance

/ˌsoʊ.ʃəl ɪnˈʃʊr.əns/

Example:

Many countries have a robust social insurance system to protect their citizens.

unemployment insurance

/ʌnɪmˈplɔɪmənt ɪnˈʃʊrəns/

Example:

After losing his job, he applied for unemployment insurance.

health insurance

/ˈhelθ ɪnˌʃʊr.əns/

Example:

Do you have health insurance?

life insurance

/ˈlaɪf ɪnˌʃʊr.əns/

Example:

He took out a life insurance policy to protect his family.

annual leave

/ˈæn.ju.əl ˌliːv/

Example:

I'm planning to take two weeks of annual leave in August.

sick leave

/sɪk liːv/

Example:

She took a week of sick leave after her surgery.

paternity leave

/pəˈtɜːr.nə.ti ˌliːv/

Example:

He took two weeks of paternity leave after his son was born.

retirement plan

/rɪˈtaɪər.mənt ˌplæn/

Example:

My company offers a generous retirement plan.

stock option

/ˈstɑːk ˌɑːp.ʃən/

Example:

Many tech companies offer stock options to their employees as part of their compensation package.

401(k) plan

/ˌfɔːr əʊ wʌn ˈkeɪ plæn/

Example:

I need to increase my contributions to my 401(k) plan.

ESOP

/ˈiːsɑːp/

Example:

The company implemented an ESOP to give employees a stake in its success.
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