The three basic types of medical expenses usually covered in medical insurance are:
hospital, dental, and physician.
vision, dental, and prescription.
hospital, surgical, and physician.
hospital, prescription, and physician.
Which of the following is an example of an employee being paid based on a piecework rate?
A pay increase based on performance appraisal ratings
Being paid extra for work done in less than a specified amount of time
Pay calculated as a percentage of sales
Pay based on the amount of product produced
What is a disadvantage of a cafeteria-style benefits plan?
Fosters awareness of benefits available to employees
Avoids costs of benefits not valued by employees
Employee selection makes the plan more valuable to the employee
Employee selection of benefits may increase costs to the employee.
In addition to pay, what are some important aspects of making incentives work?
Performance measures are preset, passed down by upper management and unclear
Employee participation and communication are welcomed, clear, and frequent
Employees participate initially then management makes changes without regard to employees
Performance measures are decided without employee involvement but clearly communicated
Which of the following is a legally required benefit an employer must provide?
Which of the following examples would represent the ethical behavior of an executive?
Inflate stock prices to receive bonuses and stock options
Boost stock value through efficient operations, and effective leadership
Buying or selling stock based on knowledge about the company’s future
Stretching accounting practices to present company performance in the best light
One way organizations can combat the advantages and disadvantages of incentive pay, as well as address the short and long term goals within the organization is to create a:
merit increase grid.
balanced merit appraisal.
By the year 2014, health insurance will NO longer be an optional benefit. Automatic enrollment in health insurance will be required for:
small businesses (up to 25 employees).
medium companies (25-50 employees).
companies with more than 50 employees.
companies with more than 200 employees.
Which of the following is an example of merit pay?
John’s company pays an increase based performance ratings he receives.
Susan’s company pays her a bonus if she meets a set goal each month.
Mike’s company pays an increase by calculating a percentage of his sales.
Janet’s company pays her by the number of toy cars completed.
The difference between profit sharing and stock ownership is:
there is more risk involved with profit sharing than with stock ownership.
profit sharing becomes part of a base salary and stock ownership does not.
stock ownership becomes part of a base salary and profit sharing does not.
profit sharing encourages ownership thinking and stock ownership is ownership.
In your opinion, what types of optional benefits have come to be “expected” by employees, and why would it be a good idea for employers to offer them as part of their benefits package?
Your response should be at least 75 words in lengthwith references.
Give a brief description of the 5 types of individual performance pay, and recommend which type of job would benefit by using which type of performance pay.
Your response should be at least 75 words in length with references.
You are the HR Supervisor responsible for developing the company objectives that will be listed in the new benefits package. What needs to be considered when selecting employee benefits?
Your response should