Human Capital
cost of living index
Measures differences in the price of goods or services over time or regions.
Well-Being
self-perceived happiness or satisfaction with life. Used along with measures of objective well-being (for example, physical and economic indicators) to evaluate people's quality of life.
Transferrable Skills
talents and abilities that may be applied to a range of settings and job environments
Human Capital
the skills and knowledge gained by a worker through education and experience
Gross Pay
the total amount of an employee's earnings before deductions are taken out
Paystub
A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.
employer
A person or organization that pays people to work for them.
job
A regular activity performed in exchange for payment
Occupation
Grouping of jobs that perform similar tasks
Net Pay
Amount of income left after taxes and deductions have been taken out.
Wages
An amount of money paid to an employee at a specified rate per hour worked
commission
An amount paid to an employee based on a percentage of the employee's sales
Career
An occupation undertaken for a significant period of a person's life and with opportunities for progress.
Earned Income
Any income (wages/salary) that is generated by working
Employee Benefits
Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
Unearned Income
Income received from sources other than employment
Standard of Living
Quality of life based on ownership of necessities and luxuries that make life easier.
overtime pay
Required for nonexempt workers under FLSA at 1.5 times the regular rate of pay for hours over 40 in a workweek
Salary
a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
work schedule
a set number of days or hours the employee is expected to work
employee
a worker who is hired to perform a job
Job Description
a written description of the basic tasks, duties, and responsibilities required of an employee holding a particular job
tips
an amount paid to an employee by a customer based on how well he or she did a job
cost of living
the cost of purchasing goods and services essential for survival
overtime
time worked beyond the regular hours