Factors to Consider Glossary

Source: AARP.org | February 1, 2005

Benefits

Non-wage compensation provided to employees. These might include health, financial, scheduling, or workplace accommodation benefits. Some companies offer benefits to both full and part-time employees. Some offer benefits to only full-time workers; some offer limited benefits to part-time employees

• Benefits for full-time workers: There is usually a minimum number of hours that must be worked to be considered a full time employee.
• Benefits for part-time workers: There may be a minimum number of hours that must be worked in order to qualify for benefits.

Employee Discounts

Price reductions that employers offer to employees for company products and services

Flexible Training Opportunities

Employees have the opportunity to receive training and professional development throughout the course of their employment.

Flexible Work Schedules

Employees can either set their own hours or work a reduced schedule before retiring.

401 K

A retirement plan that allows employees in private companies to make contributions of pre-tax dollars that are invested in stocks, bonds, or money markets.

Internships / Apprenticeships

Short-term, on-the-job learning experiences. Not all internships and apprenticeships are paid positions.

Job Sharing Opportunities

Two (or more) workers share the duties of one full-time job, each working part-time.

Retiree Benefits

Health insurance benefits that employers offer to their retired employees. Usually an employee has to work for a certain amount of time before they are eligible for those benefits.

Seasonal Work

Seasonal work is limited to a certain time of year. For example, many retailers hire employees only for the holiday season in the winter.

Temporary Work

Temporary work is not a permanent job. Temporary work can range from one day to several years. However, the employer can release the employee at any time.

AARP National Employer Team is a part of the AARP Foundation.