Here are some common expressions related to "pay".
pay raise / rise = when you get more money in your job. The difference between "raise" and "rise" is that "raise" implies that you needed to negotiate for it, while "rise" means that the increase was somehow automatic.
back pay = when you are paid for work in the past. This often happens if your union negotiates a back-dated pay raise (a pay raise that starts from a previous date).
equal pay = when men and women are paid the same for the same work.
pay scale = the range of pay within a company or sector.
severance pay = pay you get when your contract is terminated earlier than originally agreed.
sick pay = pay you get when you are ill and not able to work.
overtime pay = extra pay you get for working extra hours.
take-home pay = the final amount of money you earn after taxes etc are paid.
pay-as-you-earn = the system in the UK where taxes etc are deducted from your pay first.
pay-day = the day on which the wages are paid.
pay roll = the list of employees in a company receiving pay.
pay slip = the piece of paper employees get with their pay showing how much tax / insurance etc they have paid.
pay freeze = when all pay rises are "frozen", and no extra money is available.
Types of pay
Salary = money paid to you monthly (normally by cheque or automatic bank deposit for a "professional" job)
Wages = money paid to you weekly (often in cash for a "non-professional" job)
Cash in hand = working for cash (and not paying tax, which is illegal)
Bonus = something extra you get at the end of the year – perhaps the company has done very well
Commission = a percentage of the value of what you sell
Perk = an advantage of the job , such as access to the internet, or a company car
Tips = what you get for performing a service, such as waitressing in a restaurant
Annual review = the time of the year when your boss decides how much extra salary to give you
13 month salary = when you get a double salary in December
Tax free = when you don't have to pay tax on what you earn (perhaps you are working as an expatriate in a rich country)
Basic pay = the basic money you earn before extras such as commission
Inflation proof = pay that keeps in line with inflation so that you will never earn less "in real terms" than your current salary
Minimum wage = what the government decides is the minimum amount that anyone can get paid
Pension = something that either the government or your company saves on your behalf so that when you retire you have a source of income
Performance-related bonus = when you get extra money depending on whether you have reached certain performance targets
Luncheon voucher ("LV") = a voucher for "lunch" or for supermarkets that some English companies give their employees as a perk of the job
Stock options = options to buy shares in the company at special prices
Fill in the gaps with a suitable word / phrase
1. My sister works in a bar. Her —– —– is quite low, but she gets lots of ——- from customers.
2. We're not expecting a huge pay —– in our —— —–.
3. Women have been fighting for —— —– for years!
4. It's the time of year when bankers get huge ——– ——- ——-. They can almost double their salary with these.
5. He does odd jobs and gets paid —— —- —–. It's not really legal, but it's only for small amounts.
6. After taxes and contributions, the —– —– —– is quite low.
7. If you're on a decent contract, you should get holiday pay and —— —–. At least that covers you for illness.
8. If you go and work in the gulf, you might get a —– —– salary.
9. In times of economic recession, public workers expect a —– ——. They might get a rise next year, but it looks unlikely.
10. Sales people often earn ——- on top of their regular salary.