Exam 12: The Benefit Determination Process

Employers prefer the noncontributory approach to financing benefits because this allows greater control of costs.

The biggest cost-containment strategy in recent years is the movement to:

Employees' preferences of various benefits can be predicted accurately from demographic data.

As part of the efforts to bring down the employee benefits cost to the company,GrindStop Corp.restricts the number of visits to the dentists covered in the dental plan to two per year.Which of the following cost-containment strategies is used by GrindStop?

A survey shows that the majority of employers are responding to increased benefit costs by _____.

Various studies have found that only two specific benefits curtailed employee turnover: _____ and _____.

Surveys show that the most highly valued benefit is:

A major reason for the proliferating cost of benefit programs is the narrow focus of benefit administrators.

By limiting liability for an employee's hospital stay costs to $200,000,an employer is using a cost-containment measure known as:

Benefits can be an effective tool to attract and retain employees when the benefits address the needs of a target group.

All of the following factors are reasons for the growth of benefits EXCEPT:

The typical employee can recall _____ percent of the benefits he or she receives.

The first issue in setting up a benefits package is:

The most widely used benefit survey is conducted by: