Employment and Labor Terms

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Arbitration

Back

A process where a neutral third party resolves disputes.

Front

Benefit

Back

Extra perks employees receive besides wages (e.g., health insurance).

Front

Bonus

Back

Extra payment for good work or meeting goals.

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Career

Back

A series of jobs in one field over time.

Front

Career Cluster

Back

Group of related jobs and industries.

Front

Collective Bargaining

Back

Negotiation between employers and labor unions on work terms.

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Commission

Back

Payment based on sales or performance.

Front

Compensation

Back

Total payment and benefits received for work.

Front

Employee

Back

Person who works for an employer.

Front

Entrepreneur

Back

Person who starts and runs a business.