Seniority (financial)

Okay, so you know how when you and your friends line up for something - like recess or snack time - you usually let the oldest or the first one in line go first? That's kind of like seniority in the grown-up world, especially when it comes to how much money people get paid at their job.

When someone starts working at a company, they usually start at the bottom of the company ladder. Over time, as they work hard and gain more experience, they move up the ladder and get more important jobs with more responsibilities. The longer they work there, the more seniority they have.

Seniority is important because it can determine things like how much money they get paid or how much time off they get. If two people are doing the same job, but one has been working at the company for 10 years and the other has only been there for 1 year, the person with 10 years of seniority will probably get paid more and might get more time off too.

So, seniority is basically a way to reward people for sticking with a company for a long time and doing a good job. It's like a grown-up version of giving your friend who's been your BFF since kindergarten the first pick of game during recess.