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Quality of Life
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Education
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EPF Module 3 L1

College and Career

QuestionAnswer
Quality of Life A comprehensive measure of an individual’s overall well-being.
Education Involves obtaining and developing knowledge and skills often in a school or training setting.
Income The amount of money that an individual earns for work completed.
Workforce The amount of people within a country who are able to do a job and are available for employment.
Career A profession that someone feels passionate about that they participate in for a long time in their life span. Typically involves more education or training.
Job Work that provides someone an income.
Wage The amount of money that is regularly paid to someone for the work that they complete, typically on an hourly or completion basis.
Salary The set amount of money that is paid to someone each month or year from their employer.
Employee Benefits A form of compensation that can be non-cash or cash provided by employers to employees over and above regular salary or wages including health insurance, vacation time, etc.
Employee Incentives Used to motivate employees to meet goals for their business (i.e. rewards and privileges).
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