Ex.11. Consult a dictionary and say whether these expressions refer to earning a high or a low salary. Translate the sentences into Ukrainian

Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning.

Fringe benefit

Ex.9. Fill in the missing prepositions

Ex.8. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. Will you accept € 100 as … for the work?

2. She is much better off since her … increase.

3. These shares should pay high ….

4. These gas shares earn a lot of ….

5. She receives excellent … for her work.

6. The bank charges … for exchanging foreign currency.

7. How much is your lawyer’s …?

8. He was offered a company car as ….

9. … we consider most important are non-contributory pensions, company cars and healthcare.

10. A € 750,000 … to Mr. Brown, 68, retiring chairman of the tobacco company was pushed through at the company’s annual meeting.

	Golden goodbye, the benefits, a perk, fee, a commission, remuneration, interest, dividends, salary, payment.

Fringe benefit is a reward … an employee’s labour which is not based … money, but which takes an alternative form. Increased holiday entitlement, a subsidized canteen, free or cut-price products, or private health care insurance, are examples … such non-financial rewards. It is increasingly recognized that money is only one element that motivates the workforce, so the use … nonmonetary incentives is becoming more common, … shop-floor level, trade unions are increasingly including non-financial elements … their negotiations … management. … management level, the “perks” … company cars, sizeable expense accounts … travelling, and other nonsalary incentives, are an important element … attracting executives … one post … another.

(to, in (2), with, at (2), of (3), from, for (2), on)

Ex.10. These words are often confused:

salary – income – pay – wage

salary	– is paid monthly to professional employees
income	– money received from work done, or (as interest) from money invested or (as rent) from property owned
pay	– money given to an employee by an employer in return for work
wage	– is paid weekly to manual or unskilled workers

1. My friend is going to get a … rise next week.

2. That company pays a good … to its workers.

3. Her … increased when she changed jobs and bought stock.

4. Her husband is a lawyer. His … has increased 10 percent this year.

5. The starting … of our new sales manager is € 15 000.

6. Tax is payable on all … over € 2000.

7. … are paid every Friday.

8. His … is about € 150 a week.

9. … is usually paid monthly but … is usually paid weekly.

10. Very few office workers get good ….

11. A person's … falls dramatically on retirement.

12. In many countries workers are paid a legal minimum ….

1. I've been an actor for years, earning a crust wherever I can.

2. We are tired of working for peanuts.

3. She is rolling in money.

4. She expects her employees to work for a pittance.

5. I bet he gets a nice fat salary.

6. He knew her family was loaded.

7. He made a fortune from mining.

Exercises in Comprehension

Ex.1. Answer the following questions:

1. What is seen as one of the most important forces in motivating the workforce?

2. What is income?

3. What does a whitecollar worker receive for his/her work?

4. What does a bluecollar worker receive for his/her work?

5. Where do employees receive a commission?

6. What is a fee paid for?

7. What are fringe benefits?

8. What may a benefits package include?

9. What is a golden handshake?

10. What are bonuses usually paid for?

Ex.2. Explain the difference between:

s salary and wages;

s income and fringe benefits.

Ex.3. Sum up what the text says about:

s income,

s bonuses and fringe benefits

s a compensation package for an executive leaving a company

Grammar Revision

When and If Sentences 1. In sentences involving link words and phrases such as when, before, after, as soon as, in case, till, until, if, unless the Present Simple Tense (the Present Perfect Tense – to emphasise the completion of an event) is used, although this refers to future time. I’ll give you my phone number in case you get lost. I’ll give you a ring as soon as I’ve received his telegram. 2. We use: s if to say that we are not sure whether something will happen. I’ll see you in October, if I come to Kyiv. s when to say that we are sure that something will happen I’ll see you in October when I come to Kyiv.

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