Some common collocations dealing with pay and benefits:

1. When people lose their jobs, they often get a redundancy package.
2. Some companies offer stock options in addition to or instead of cash bonuses.
3. The lowest legal amount of money that can be paid to workers called the minimum wage.
4. Managers often receive performance-related benefits when their employees reach specific goals.
5. Some companies have a subsidized canteen for their employees so that they can buy lunch at reasonable price.
6. A company car and health insurance can be part of the fringe benefits of a job.
7. Most companies pay into a pension scheme so their employees can have an income when they retire.
8. Some job advertisements give the annual salary, and some give the hourly or monthly one.
9. Part of the health insurance package includes dental plan so that people can take care of their teeth.
10. Women who have a baby can get time off, called maternity leave.
11. Companies offer childcare facilities for people with small children.
12. An extra benefit is often offered as a form of life insurance, which helps a spouse or family in the case of death of the wage earner.
13. People working in retail businesses get employee discounts as part of their benefit packages.
14. A common perk for senior management is a company car.
15. People in companies who often have to entertain clients usually have an expense account.
16. When employees fall ill, they can receive sick pay until they can return to work.
17. When employees work flexible hours, they have a certain amount of freedom to decide when they want to start and finish work.
18. Companies have found that job sharing is a way to deal with part-time workers.
19. When people work overtime, they get extra money or days off.

*Test your knowledge:  Write the English words for these Spanish ones.

Baja por enfermedad:
Baja por maternidad:
Cobertura odontológica:
Coche de empresa:
Comedor (subvencionado):
Cuenta de gastos:
Descuento para empleados:
Emision de acciones:
Empleo compartido:
Horario flexible:
Indemnización por despido:
Plan de pensiones:
Retribución en especie:
Retribución variable:
Salario anual:
Servicio de guardería:
Seguro de vida:
Salario mínimo: