Employment and Compensation Terms

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A fixed regular payment, typically paid on a monthly or biweekly basis, made by an employer to an employee.

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salary

Front

Money received, especially on a regular basis, for work or through investments.

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income

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A payment made to an employee for their work, usually calculated on an hourly, daily, or piecework basis.

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wage

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The financial gain made in a transaction or operation, calculated as revenue minus expenses.

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profit

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A payment made to a professional person or to a professional or public body in exchange for advice or services.

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fee

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Something, typically money, awarded to someone in recognition of loss, suffering, or injury.

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compensation

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A regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed.

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pension

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To leave a job or position voluntarily.

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quit

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The action or fact of leaving one's job and ceasing to work, typically upon reaching a certain age.

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retirement

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To employ someone for wages.

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hire