question

Benefits can represent more than __ percent of the total payroll costs an employer pays

answer

40

question

Benefits

answer

show that employees who are satisfied with their benefits are more likely to be satisfied with their jobs.

question

A need for a new benefit should be established ______ adding it to a benefits package.

answer

before

question

There has been an increase in the number of _____ families and _____ couples in the workplace as compared to decades past.

answer

single-parent; two-earner

question

Typically, employees are offered

answer

basic or core benefits package of life and health insurance, sick leave, and vacation.

question

Cafeteria plans enable(s) [benefits]

answer

individual employees to choose the benefits that are best suited to their particular needs. Employers are increasingly tailoring their benefits programs to be family-friendly, because employees increasingly desire more work-life balance.

question

Online benefits systems

answer

referred to as employee self-service systems and can result in a significant cost savings in benefits administration. Online benefits programs allow employees self-service freedom and availability virtually any time.

question

When communicating benefits packages to employees, using multiple media techniques is recommended because

answer

different employee groups have different ways of learning and distinct preferences for how they receive information.

question

The Social Security Act was designed to

answer

protect workers against the loss of earnings resulting from old age and unemployment.

question

benefits legally required employee benefits

answer

1. employer contributions to Social Security 2. employer contributions to unemployment insurance 3. employer contributions to workers' compensation insurance

question

In order to qualify for Social Security retirement benefits

answer

1. individuals must have earned forty credits, and age depends on the year of his or her birth. 2. Workers born before 1938 can collect full benefit at age 65, but those born after this date, may not be able to collect benefits until age 67. Currently, some individuals can receive SS benefits as early as age 62

question

The Social Security Administration administers

answer

the Medicare program

question

Generally speaking, a firm with a record of laying off large numbers of employees will...

answer

have to pay a higher rate of unemployment insurance than those that do not

question

Laid off employees who have been working in employment covered by the Social Security Act may get

answer

unemployment insurance benefits for up to 26 weeks.

question

Workers eligible for unemployment benefits must

answer

submit an application for unemployment compensation with their state employment agencies, register for available work, and be willing to accept any suitable employment that may be offered to them.

question

Workers' compensation programs serve to prevent

answer

financial disaster to employees who are injured or become ill through their work.

question

Worker's compensation insurance rates depend on

answer

the seriousness of the occupations, each state's level of benefits for injuries, and the company's frequency and severity of employee injury.

question

Under the Family and Medical Leave Act

answer

1. an employee returning to work does not necessarily have to be restored to his or her original job 2. an employee is returned to an equivalent job, rather than their original job, it must have identical pay, benefits, and terms of employment

question

Today, the ____ of U.S. employees get health coverage through their employers

answer

majority

question

Unlike private plans, employer-provided plans

answer

frequently cover all employees and their dependents regardless of their current health conditions

question

health maintenance organizations (HMOs)

answer

Organizations of physicians and other health care professionals that provide a wide range of services to subscribers on a prepaid basis

question

preferred provider organizations (PPOs)

answer

Groups of physicians that contract with an employer to provide medical resources on a more cost-efficient basis in exchange for a greater share of patients

question

The Health Insurance Portability and Accountability Act grants employees

answer

the right to switch their medical insurance between former and present employers.

question

A flexible spending account is a plan in which

answer

employees fund accounts by having money deducted from their paychecks.

question

Employees do OR do not have to pay taxes on the amounts they are reimbursed under a health reimbursement account.

answer

do not

question

Almost all workers with _____ coverage receive _____ health benefits as part of their plans.

answer

health; mental

question

Holiday pay, sick leave, and vacation pay are examples of

answer

payment for time not worked

question

Most companies require their employees to either take their vacation days by

answer

the end of the year or forfeit them

question

401(k) plan definition

answer

A popular plan that offers employees an opportunity to save through payroll deductions and have their contributions matched by the employer.

question

401(k) plan benefits

answer

1. allows employees the opportunity to build a tax-sheltered savings fun 2. the employer matches the employee contribution at the rate of 50 cents for every worker dollar contributed

question

Employer- sponsored child care programs and elder care programs are similar in that

answer

both programs try to maintain or increase productivity by assisting employees with their responsibilities outside the workplace

question

examples of work/life benefits

answer

Child-care, elder-care, and extended leave policies

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