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15 Cards in this Set
- Front
- Back
Deductions |
Amounts subtracted from gross pay |
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Gross Pay |
The total amount earned before any deductions are subtracted |
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Incentive Pay |
Money offered to encourage employees to strive for higher levels of performance |
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Net Pay |
The amount left after deductions after taken out of gross pay |
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Overtime |
Time worked beyond the regular hours |
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Self-Employment Tax |
The total of 15.3 percent for Social Security and Medicare tax paid by people who work for themselves ` |
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Vested |
The point at which employees have full rights to their retirement accounts |
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Collective Bargaining |
The process of negotiating a work contract for union members |
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Compressed workweek |
A work schedule that fits 40 hours of work into less than five days |
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Flextime |
Schedule that allows employees to choose their working hours within limits |
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Job Rotation |
A job design in which employees are trained to do more than one specialized task |
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Job Sharing |
A Job design in which two people share one full time position |
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Labor Union |
A group of people who work in the same or similar occupations, organized for the benefit of all in these occupations |
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Lobbying |
An attempt to influence public officials to pass laws and make decisions that benefit a particular group |
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Seniority |
A policy where the longs you work for an employer the more job security and rights you have |