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Extra payments and benefits in addition to wages

benefit

noun

extra money or other advantages that you get in addition to your salary from your employer as part of your job

benefit in kind

noun

something that an employee receives from the company they work for, other than their usual pay, for example a car or health insurance

bonus

noun

extra money that you are paid in addition to your usual salary

commission

noun

an extra amount of money that you earn in your job every time you sell a product or get a new customer

comp

noun

compensation that someone receives, for example when they are injured at work

company car

noun

a car belonging to your employer that you use while you work for them

danger money

noun

extra money that you get in addition to your normal pay for doing something dangerous

double time

noun

double the amount that you normally earn, paid when you work on days or at times when most people do not work

expenses

noun

money that you spend as part of your job that your employer later gives back to you

expense account

noun

a system that allows you to get back from your employer any of your own money that you have spent while working

expense account

noun

a record of this money

flexible benefits

noun

a system of offering employees a range of different benefits, such as company cars or health insurance, in addition to their salary and allowing them to choose which ones they want

flow-on

noun

an increase in pay or another benefit that a group of workers gets because a similar group has got it

fringe benefit

noun

something that you get in addition to your salary, for example a car

frontload

verb

to put more of the costs of a deal, project, or contract into the early part of the process

golden handcuffs

noun

ways of trying to stop a senior manager in a company from leaving their job, by offering a lot of money if they stay and making them lose money if they leave

golden handshake

noun

a large amount of money given to a senior manager in a company when they leave their job

golden hello

noun

a large amount of money given to someone for accepting an important job

gratuity

noun

a large amount of money given to someone when they leave their job, for example in the armed forces

loading

noun

extra salary for having additional skills or qualifications

margin

noun

an extra amount paid to a worker who has a special skill or accepts additional responsibility

mileage

noun

money paid to someone for the miles they have travelled in their job

overtime

noun

the money that someone is paid for the extra hours that they work

package

noun

money and other benefits, for example a car, that someone gets from their employer

payoff

noun

a final payment that you make to someone when they stop working for you

penalty rates

noun

extra money that you are paid for working on days or at times when you would not normally work

perk

noun

an extra payment or benefit that you get in your job

perquisite

noun

a perk (=an extra benefit) that you get from your job

redundancy pay

noun

an amount of money that an employer gives a worker who is made redundant

repeat fees

noun

money that someone such as an actor, writer, or musician earns each time their work is broadcast

retainer

noun

a payment made to someone such as a lawyer so that they will be available to do work for you when you want them

royalty

noun

a payment that someone such as a writer or musician gets each time their work is sold or performed

severance pay

noun

redundancy pay

sick pay

noun

money that you are given by an employer or the government when you are ill and cannot work

tip

noun

a small amount of money that you give to someone in addition to what you owe for a service

weighting

noun

an extra amount of pay given to someone because they work in an expensive area such as a big city

frontloading

noun

holiday/maternity/sick etc pay

money that you receive for a period when you are not working, for example because you are on holiday, having a baby, or ill

time and a half

one and a half times the usual money that you earn

property porn

a type of television programme, magazine article, etc which shows off desirable homes …

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a plan or course of action that is not possible to achieve

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