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15 Cards in this Set
- Front
- Back
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gross pay
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the total amount of you earn before any deductions are subtracted.
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over time
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time worked beyond the regular hours.
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deductions
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amounts subtracted from your gross pay.
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net pay
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the amount left after all deductions are taken out of your gross pay.
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self-employment tax
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the 15.3%
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benefits
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forms of employee compensation in addition to pay.
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incentive pay
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money offered to encourage employees to strive for higher levels of performance.
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vested
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entitled to the full retirement account.
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flex time
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allows employees to choose their working hourswithin defined limits.
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compressed workweek
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a work schedule that fits the normal 40-hour workweek into less than five days.
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job rotation
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a job design in which employees are trained to do more than one specialized task.
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job sharing
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a job design in which two people share one full-time position.
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a labor union
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a group of people who work in the same or similar occupations, organized for the benefit of all employees in these occupations.
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collective bargaining
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a process of negotiating the terms of employment for union memebers.
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seniority
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a plicy in which the last workers hired will be the first firedwhen jobs must be cut.
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