WorkKeys - Workplace Documents

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Arbitration

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A method of settling disputes outside of court in which the parties involved agree to accept the decision of a third party.

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Garnishment of wages

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A legal procedure requiring a portion of a debtor’s pay to be set aside by the person’s employer to pay creditors.

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Memo

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A short informal message or record used for internal communication in a business.

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Capital

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Money or wealth used to generate income or to invest in a business or asset.

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Confidentiality

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The state of keeping secret or not disclosing information.

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Protocol

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A set of rules or procedures to be followed in a specific situation, often in a business or legal context.

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Workers compensation

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A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

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Unemployment insurance

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A government program that provides financial assistance to individuals who are unemployed through no fault of their own.

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Net pay

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The amount of money an employee takes home after deductions such as taxes and other withholdings.

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Gross pay

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The total amount of money earned by an employee before any deductions are taken.