Unemployment insurance benefits and workers' compensation benefits
Which of the following
organizations benefits when switching from a defined-benefit plan to cash
balance plans?
·
Organizations with
many experienced employees
According to the
Americans with Disabilities Act (ADA), employers are required to take care not
to discriminate against workers over age 40 in providing pay or benefits.
·
False
Kelly is a new
employee of a company, and her company provides a group insurance plan that she
can enroll in. Her friend, Michael, suggests that Kelly would be able to save money
if she chooses to purchase an individual insurance plan over the company's
group insurance plan. Which of the following weakens Michael's argument?
·
Rates for group
insurance are typically lower than that of individual policies.
Under the workers' compensation
laws, employees are eligible to receive their regular paycheck in the event of
a disability.
·
False
Which of the following
is a similarity between unemployment insurance benefits and workers'
compensation benefits?
·
Both the programs'
costs depend on the organization's experience ratings.
On average, out of
every dollar spent by a company on employee compensation, more than ________
cents goes to employee benefits.
·
30
Which of the following
is true about disability insurance?
·
It pays about 50% to
70% percentage of the employee's salary in case of disability.
Linda, who is
pregnant, works for an organization with more than 100 employees. She lives 20
miles away from work. By federal law, she is entitled to ________ of unpaid
leave after her child is born.
·
12 weeks
Most organizations
offer ________ to encourage learning and attract the kinds of employees who
wish to develop their knowledge and skills.
·
tuition reimbursement
programs
What are vesting
rights?
·
Guarantee that
employees in a pension plan will receive a pension at retirement age,
regardless of whether they stay with the employer.
Which of the following
benefits provided by employer is required by law in the United States?
·
Social Security
Health maintenance
organizations charge patients half the fee for each visit and service.
·
False
A ________ pension
plan allows pension benefits for key employees, such as highly paid managers,
to exceed a government-specified share of total pension benefits.
·
top-heavy
Which of the following
is a true of unemployment insurance?
·
Unfavorable experience
ratings of employers lead to higher premiums.
Benefit plans that
permit employees to choose the types and amounts of benefits they want from a
set of alternatives are called:
·
cafeteria-style plans.
Rita, who recently
moved to a new city, evaluates several job offers. Owing to her recent medical
issues, she wants to choose a health care provider and not rely on the
providers in a specific insurance network. Which of the following health care
plans is Rita most likely to find suitable for her needs?
·
A preferred provider
organization
Cafeteria-style plans
increase benefits costs for employers.
·
True
Grey Inc. is a
start-up located in Orlando. It offers highly beneficial pension plans to its
employees. Which of the following categories of employees is the company most
likely to attract through its pension benefits?
·
Older People
John is the owner of
The Round, a restaurant. He decides to increase employee motivation by
introducing benefit packages. However, Nina, the manager, suggests that
employees will be more motivated if John increases their actual wages. Which of
the following statements, if true, strengthens Nina's argument?
·
Benefit packages are
more difficult to understand by employees than pay structures.
Ray Inc., a shoe
manufacturer in Virginia, opens a new facility in Texas. Shelly, the operations
manager, prefers to give the new employees better wages than benefit packages.
Tanya, the HR manager, disagrees with her. Which of the following, if true,
will strengthen Tanya's argument?
·
The income tax rate is
higher in Texas than it is in Virginia.
USA 
India