Exam 1: Introducing Employee Benefits

Flexible work schedules are considered part of accommodation and enhancement benefits packages.(The Fundamental Roles and Sources of Employee Benefits)

Benefits are defined as compensation that includes wages and salary as well as other services.(Defining Employee Benefits)

Benefits accounted for what percentage of total compensation costs in the private sector? (Employer Costs for Compensation and Benefits)

Which of the following are the three main types of retirement programs that companies can offer? (Income Protection Programs)

The existence of labor union has limited the use of welfare practices by companies.(Origins of Employee Benefits)

Person-focused pay rewards employees with periodic additions to base pay,according to length of service.(Adjustments to Core Compensation)

Unemployment insurance is funded solely by the Federal Unemployment Tax Act (FUTA).(Government Regulation of Employee Benefits)

Discuss the influence of external marketconditions on strategic benefits planning of companies.(External Environment)

Which of the following adjustments to core compensation rewards employees for acquiring new knowledge and skills through designated curricula sponsored by an employer? (Adjustments to Core Compensation)