Engels Unit 1 ENG&NED

ENKEL Engels

Advance / advancement

To move forward / progress

Airline

A company that provides air transport services

Assembly line

Production line where products are made step by step

Bank account

An account at a bank where money is kept

Baseline compensation

Basic level of pay before bonuses

Bonus

Extra payment in addition to regular pay

Carrot and stick

Reward and punishment approach

Cash register

Machine that records sales and stores money

Cashier

Person who handles payments in a shop

Chain

A group of shops, hotels, bars, etc. owned by the same company

Challenging

Difficult in an interesting or stimulating way

Commission

Payment based on a percentage of sales

Commute

Travel between home and work

Company car

Car provided by an employer for business use (or as a form of payment for work)

Compete

Try to be more successful than others

Corporate culture

The values and behaviour shared within a company

Culprit

Person (or thing) responsible for a problem

Customize

Adapt to specific needs

Differentiator

Factor that makes something different from competitors

Disgruntled (to be ~)

To be annoyed / dissatisfied

Dismiss

To end an employee’s contract

Display (verb)

Place products so customers can see them

Distinction

A difference

Dividends

Payments made to shareholders from company profits

Earnings

Total money earned by a company during a pay period

Ecological

Environmentally friendly

Efficacy

Effectiveness

Efficiency

Ability to work well without wasting time and/or resources

Eliminate

To remove / get rid of

Employ

Give someone a job

Employers

People or organisations that create jobs and hire workers

Ensure

Make certain that something happens

Expense account

Money provided by employer to cover work-related expenses

Fee

Payment for professional services

Fill the shelves

To put products on shelves in a shop

Financial targets

The financial goals a company aims to achieve

Fire

To end an employee’s contract

Fixed payment

Payment that does not change

Fringe benefits

Extra benefits in addition to salary

Frustrate

To make someone feel annoyed, unhappy

Head fake

Action intended to mislead

Hinge on

Depend on

Income

Money people receive from work, investments, etc.

Inelegant

Clumsy / awkward

Interest

Money paid for the use of borrowed money

Investment

The act of giving money to an organisation to help it advance and to gain profit yourself

Job security

The likelihood of keeping your job without risk of losing it

Kick in the pants

A wake-up call / a strong motivation

Labour relations

Relationship between employers and employees, especially concerning working conditions

Low-interest loan

Loan with a reduced interest rate

Luncheon vouchers

Vouchers provided by employers to pay for food and meals

Make a splash

Attract a lot of attention

Make redundant

Dismiss / fire someone because their job is no longer needed

Maternity leave / parental leave

Period of authorised absence for parents after birth/adoption

Morale

Level of confidence and enthusiasm

Motivate

To make someone do something

Net profit

What is left of a profit after deducting taxes and other costs

Office staff

Employees who carry out administrative work

Overtime

Time worked beyond normal working hours

Perks

Informal word for ‘fringe benefits’

Personnel manager

Person responsible for hiring employees and staff matters

Private medical insurance

Health insurance paid privately or by employer

Product lines

Different types or ranges of products sold by a company

Reckoning

Moment of judgment or consequence

Recognise

To praise

Regimented

Strictly controlled or organised

Reliable

Dependable; can be trusted

Repetitive

Involving doing the same thing again and again

Revenue

Total income received by a company

Royalties

Payments made for the use of intellectual property

Salary

Money paid monthly directly into a bank account

Sales representative

Person who sells products for a company

Satisfy

To make happy, to meet certain needs/requirements

Share option scheme

System allowing employees to buy company shares at a fixed price

Shortchange

Give less than what is deserved

Simultaneous

At the same time

Sovereignty

Supreme authority or independence

Stock (verb)

To have a supply of something

Subversive

Intended to undermine authority

Sustainability

Ability to act without harming the future

Taxation

The system of collecting taxes

The threat of dismissal

The risk of losing your job

Thread

Theme or central idea running through something

Thrive

Grow or develop successfully

Till (checkout till)

The machine where money is received in a shop and where sales are tracked; cash register

Trade union

Organisation representing workers’ interests

Traffic jam

Line of slow or stopped vehicles

Tug of war

Struggle between two opposing sides

Two-pronged approach

A double strategy

Unskilled

Not requiring special training or qualifications

User-friendly

Easy to use

Variable payment

Payment that can change depending on performance

Wages

Money paid weekly and usually in cash normally to manual workers

White-collar work

Office work

Widgets

Small manufactured items (general term for products)

Working conditions

The environment in and hours, safety and terms under which people work