seniority benefits
Veteran worker advantages
Seniority benefits are workplace advantages that accrue with length of service.
Employees who have been with a company longer typically receive better vacation time, scheduling preferences, promotion priority, or protection from layoffs: After twenty years, her seniority benefits included six weeks of paid vacation.
Union contracts often codify these privileges explicitly.
- pensionsOngoing payments after employment
- golden parachuteLucrative exit agreement
- bonusesAdded compensation beyond wages
- years of serviceDuration of employment
- tenure trackProbationary academic employment path
promotions · honorary titles · leadership roles · mentorship opportunities · severance packages · decision-making authority · old guard · annuities · stock options · vested interest · respect for elders · wellness programs · childcare support · job security · relocation assistance · sabbatical leave · paid time off · corner office
seniority benefitsperformance bonuses
Extra compensation for achievement
merit pay · pay-for-performance · productivity bonuses · achievement awards · commission
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