Work Terms, Explained (A–Z)
A fast glossary for the words you'll see in job posts, HR docs, and Slack. Bookmark this page and search as needed.
Employment can be ended by either party at any time for lawful reasons.
You're an independent contractor, not an employee; taxes/benefits differ.
Tax form for employees with wages withheld by employer.
Headcount measure; 1.0 FTE ≈ full-time hours.
Exempt roles typically don't earn overtime; non-exempt usually do.
Moving from temporary to permanent employee status.
Short-term role to learn and contribute; paid is standard in many fields.
Extra pay, tied to performance, company results, or offered to join.
Ownership in the company as part of pay; vesting means it unlocks over time.
Base pay + bonus + equity + benefits + perks.
Extra pay for hours above a threshold (varies by law and employer).
Extra pay for nights/weekends/holidays.
Fixed cash for a purpose (e.g., WFH set up, learning budget).
Help with moving for a job.
When you qualify for benefits (e.g., after 30 days of employment).
Pre-tax accounts for medical (and sometimes dependent care) expenses.
Lets you pay to continue health insurance after leaving a job for a limited time.
Pre-tax funds for transit/parking.
Bank of paid days for vacation/personal time.
Where and how your work happens.
Mix of on-site and remote work.
You're available to work if needed outside regular hours; may include extra pay.
Ramp-up period with training and setup.
Early period where performance and policies are evaluated.
The track (e.g., Marketing) and the seniority band (e.g., L1/Associate).
Limits where you can work after leaving; legality varies by location.
You agree not to share confidential info.
Formal plan to address performance gaps.