Unit 5: Job Satisfaction Flashcards
What is the difference between wage and salary?
Wage is paid per hour, and does not include paid holiday or sick days.
Salary is paid per month or year, and does include paid holiday or sick days; pay is related to performance; may include perks.
What does remuneration mean?
Remuneration is the money paid for work or service.
What does commission mean?
Commission means an amount of money, typically a set percentage of the value involved, paid to an agent in a commercial transaction; TH = ค่านายหน้า
What are stock options?
Stock options are the contract giving the buyer the right to buy or sell a stock.
What does to be made redundant mean?
To be laid off or fired.
What do appraisals mean?
Appraisals mean an act of assessing something or someone.
What are bureaucracies?
Bureaucracies are excessively complicated administrative procedures; red tape
What is a golden handshake?
It is when a company gives an employee an incentive to resign as they see it to be more profitable for the company; AKA severance payment
What is a lump sum?
One-off payment of annual salary x 2
What is autonomy?
The right or condition of self-government; empowerment
