What is the professional term for the description below, plz?
I have been waiting for due money from my work which includes ( end of service payment, paid vacation, financial compensation for not fulfilling my contract terms and conditions due to their violating the state policies, and a plane ticket remuneration... etc) when I ask for all the package, Should I say, when are you going to give me my "financial dues"? Or " my receivables" !!?
I am looking for the professional term that means ( the money I deserve according to the contract terms).
Thanks in advance for your appreciated help [emoji]
Search from various English teachers...
Answers · 4
2
since this includes many different things, I would say 'the money I am owed" or "the money I'm entitled to."
end of service benefits -- money to which you are entitled when you complete a service (this is not something that we often see in the US. In certain places, you get a bonus amount for completing service OVER your salary. It could also be something like , paying people for "sick days" that they didn't take. THat is, you are entitled to take 10 days off for illness and if you don't use them, at the end of your service, your company may pay you some $ for )
reimbursement -- money that you have paid for something and that you will get back from your employee (for example, a company may reimburse you for your travel expenses)
severance pay -- an amount paid to an employee upon dismissal or discharge from employment. (usually this is for a regular employee, not one on contract, but it could be that there is some sort of payment due to a contractor if a contract is not complete through no fault of the contractor
back pay or back wages-- $ which you have not yet received on work you have already done.
hope this helps.
1
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a 'salary packaging' or 'salary exchange' arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree. Examples of these benefits include: housing (employer-provided or employer-paid) furnished or not, with or without free utilities; group insurance (health, dental, life etc.); disability income protection; retirement benefits; daycare; tuition reimbursement; sick leave; vacation (paid and non-paid); social security; profit sharing; employer student loan contributions; conveyancing; domestic help (servants); and other specialized benefits.
The purpose of employee benefits is to increase the economic security of staff members, and in doing so, improve worker retention across the organization. As such, it is one component of reward management.
Colloquially, "perks" are those benefits of a more discretionary nature. Often, perks are given to employees who are doing notably well or have seniority. Common perks are take-home vehicles, hotel stays, free refreshments, leisure activities on work time (golf, etc.), stationery, allowances for lunch, and—when multiple choices exist—first choice of such things as job assignments and vacation scheduling. They may also be given first chance at job promotions when vacancies exist.
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