Question 1

What are the four major administration issues that arise in setting up a benefit package?

Accepted Answer

Four major administration issues arise in setting up a benefit package: (1) Who should be protected or benefited? (2) How much choice should employees have among an array of benefits? (3) How should benefits be financed? and (4) Are your benefits legally defensible?

Question 2

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

Accepted Answer

A) benefit limitations. 
B) HMOs. 
C) outsourcing. 
D) higher deductibles. 
A) benefit limitations. 
B) HMOs. 
C) outsourcing. 
D) higher deductibles. C

Question 3

One of the most preferred benefits is _____.

Accepted Answer

A) stock plans 
B) profit sharing 
C) shorter working hours 
D) early retirement 
A) stock plans 
B) profit sharing 
C) shorter working hours 
D) early retirement A

Question 4

Today, benefits make up about 25 percent of payroll costs.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) vacation days; dental plans 
B) profit-sharing plans; life insurance 
C) retirement benefits; paid vacations 
D) pensions; medical coverage 
A) vacation days; dental plans 
B) profit-sharing plans; life insurance 
C) retirement benefits; paid vacations 
D) pensions; medical coverage

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

Accepted Answer

A) probationary periods. 
B) provision of skills development training. 
C) copay. 
D) seeking competitive bids for benefit delivery. 
A) probationary periods. 
B) provision of skills development training. 
C) copay. 
D) seeking competitive bids for benefit delivery.

Question 8

What are some of the common cost-containment practices with regard to benefits administration?

Accepted Answer

Employers are auditing their benefit opt

Question 9

The most widely used benefit survey is conducted by:

Accepted Answer

A) the U.S.Chamber of Commerce. 
B) Watson-Wyatt. 
C) the Society for Human Resource Management. 
D) the American Compensation Association. 
A) the U.S.Chamber of Commerce. 
B) Watson-Wyatt. 
C) the Society for Human Resource Management. 
D) the American Compensation Association.

Question 10

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

Accepted Answer

A) dual coverage. 
B) benefit ceiling. 
C) coinsurance. 
D) deductible. 
A) dual coverage. 
B) benefit ceiling. 
C) coinsurance. 
D) deductible.

Question 11

All of the following are advantages of flexible benefits EXCEPT:

Accepted Answer

A) containment of costs of benefits. 
B) increased understanding of benefits by employees. 
C) reduced expense of introducing new benefits. 
D) decreased administrative expenses. 
A) containment of costs of benefits. 
B) increased understanding of benefits by employees. 
C) reduced expense of introducing new benefits. 
D) decreased administrative expenses.

Question 12

Which of the following is NOT part of the cost-centered approach for deciding to provide a benefit?

Accepted Answer

A) Checking compliance 
B) Evaluating competitiveness of current benefits 
C) Examining employee preferences 
D) Basing benefits on historical costs 
A) Checking compliance 
B) Evaluating competitiveness of current benefits 
C) Examining employee preferences 
D) Basing benefits on historical costs

Question 13

In 1959, benefits were approximately _____ percent of payroll and in 2010 it was approximately _____ percent of payroll.

Accepted Answer

A) 30; 50 
B) 20; 38 
C) 25; 30 
D) 30; 60 
A) 30; 50 
B) 20; 38 
C) 25; 30 
D) 30; 60

Question 14

Which of the following companies uses probationary periods as a cost-containment measure?

Accepted Answer

A) Alpha Corp.combines the benefits offered for couples who work within the organization 
B) DLG Corp.excludes its new recruits from benefit coverage until they complete a year 
C) Kimberly Corp.requires employees in the lowest salary quartile to pay for 20 percent of benefits 
D) Amethyst Corp.limits its employees to avail coverage for only two dentist visits every six months 
A) Alpha Corp.combines the benefits offered for couples who work within the organization 
B) DLG Corp.excludes its new recruits from benefit coverage until they complete a year 
C) Kimberly Corp.requires employees in the lowest salary quartile to pay for 20 percent of benefits 
D) Amethyst Corp.limits its employees to avail coverage for only two dentist visits every six months

Question 15

How many weeks of leave does Family Medical Leave Act (1993) mandate for all workers at companies that employ 50 or more people?

Accepted Answer

A) 4 weeks 
B) 8 weeks 
C) 12 weeks 
D) 16 weeks 
A) 4 weeks 
B) 8 weeks 
C) 12 weeks 
D) 16 weeks

Question 16

No strong data exist linking benefits level and employee productivity.

Accepted Answer

A) True 
 B)False

Question 17

Employees prefer using their company's intranet for accessing their benefits information as they do not need to complete lengthy paperwork.

Accepted Answer

A) True 
 B)False

Question 18

The only two benefits shown to reduce turnover are pensions and medical coverage.

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) almost 50 
B) less than 15 
C) over 30 
D) 40 
A) almost 50 
B) less than 15 
C) over 30 
D) 40

Question 20

The Employment Retirement Income Security Act (1974) requires employers to offer some form of pension.

Accepted Answer

A) True 
 B)False

What are the four major administration issues that arise in setting up a benefit package?

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

One of the most preferred benefits is _____.

Today, benefits make up about 25 percent of payroll costs.

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

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

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

What are some of the common cost-containment practices with regard to benefits administration?

The most widely used benefit survey is conducted by:

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

All of the following are advantages of flexible benefits EXCEPT:

Which of the following is NOT part of the cost-centered approach for deciding to provide a benefit?

In 1959, benefits were approximately _ percent of payroll and in 2010 it was approximately _ percent of payroll.

Which of the following companies uses probationary periods as a cost-containment measure?

How many weeks of leave does Family Medical Leave Act (1993) mandate for all workers at companies that employ 50 or more people?

No strong data exist linking benefits level and employee productivity.

Employees prefer using their company's intranet for accessing their benefits information as they do not need to complete lengthy paperwork.

The only two benefits shown to reduce turnover are pensions and medical coverage.

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

The Employment Retirement Income Security Act (1974) requires employers to offer some form of pension.

Pay-For-Performance: The Evidence

Strategy: The Totality of Decisions

Defining Internal Alignment

R: Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, Mix, and Pay

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 12: The Benefit Determination Process

What are the four major administration issues that arise in setting up a benefit package?

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

One of the most preferred benefits is _____.

Today, benefits make up about 25 percent of payroll costs.

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

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

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

What are some of the common cost-containment practices with regard to benefits administration?

The most widely used benefit survey is conducted by:

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

All of the following are advantages of flexible benefits EXCEPT:

Which of the following is NOT part of the cost-centered approach for deciding to provide a benefit?

In 1959, benefits were approximately _____ percent of payroll and in 2010 it was approximately _____ percent of payroll.

Which of the following companies uses probationary periods as a cost-containment measure?

How many weeks of leave does Family Medical Leave Act (1993) mandate for all workers at companies that employ 50 or more people?

No strong data exist linking benefits level and employee productivity.

Employees prefer using their company's intranet for accessing their benefits information as they do not need to complete lengthy paperwork.

The only two benefits shown to reduce turnover are pensions and medical coverage.

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

The Employment Retirement Income Security Act (1974) requires employers to offer some form of pension.

Pay-For-Performance: The Evidence

Strategy: The Totality of Decisions

Defining Internal Alignment

R: Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, Mix, and Pay

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

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

In 1959, benefits were approximately _ percent of payroll and in 2010 it was approximately _ percent of payroll.