PAY AND BENEFITS BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE 5. PAY AND BENEFITS

 

A Wages, salary and benefits My name’s Luigi and I’m a hotel manager in Venice. I get paid a salary every month. In summer we’re very busy, so we work a lot of extra hours, or overtime; the money for this is quite good. Working in a hotel, we also get nice perks, for example free meals! B Compensation 1 My name’s Alan. I’m a specialist in pay and benefits. Compensation and remuneration are formal words used to talk about pay and benefits, especially those of senior managers. Compensation package and remuneration package are used especially in the US to talk about all the pay and benefits C Compensation 2 Compensation is also used to talk about money and other benefits that a senior manager (or any employee) receives if they are forced to leave the organizations, perhaps after a boardroom row. This is in the shape form of a compensation payment, or severance payment. If the manager also receives benefits, the payment and the benefits form a severance package. EXERCISES 5.1 Xavier and Yvonne are talking about Xavier’s new job as a photocopier salesman. Complete the conversation, using words from A opposite. 1. X: I get paid every month. Y: I see. You get a salary, not wages. 2. X: I usually have to work late: I don’t get paid for it, but I get a percentage for every photocopier I sell. Y: So you don’t get _______________, but you do get _______________. That’s good. 5.2 Which expressions from B and C opposite could be used to continue each of these newspaper extracts? 1. FAILED AIRLINE BOSS GETS MASSIVE PAYOUT Shareholders are angry that despite very poor results, Blighty Airlines’ CEO, Mr Rob Herring, is leaving with £3 million in his pocket. They say it is ridiculous to ‘reward’ bad performance with this sort of …

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