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24 Cards in this Set
- Front
- Back
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Employees generally underestimate the value of the benefits offered. |
Which of the following is a key reason why employers need to communicate the extentand value of the benefits they provide? |
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reducing turnover |
Which of the following would NOT be considered a primary objective of most benefits programs? |
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opinion surveys |
Which of the following do employers often use to obtain employee input regarding benefits packages? |
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a flexible benefits plan |
Susie Jones has definite preferences in terms of the benefits offered by her employer. Susie will be able to select the benefits she values highly and avoid those she does not need or want if her employer offers which benefit format? |
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by requiring benefit programs to consider family-friendly options |
How has the diverse workforce impacted benefits programs? |
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flexible benefit plans? |
They allow employees to choose benefits suited to their needs. |
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employee self-service (ESS) systems |
Which of the following is a fast, convenient, and interactive way employees can learn about or change their benefits? |
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It should be aligned to the overall strategy of the organization. |
Ideally, which of the following should apply to an organization’s benefits system? |
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retention |
Bob Sankar, an accountant at ABM Media Inc., earns below market compensation but continues to work with the organization because of its excellent retirement benefits. In this instance, which benefits objective is most relevant? |
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Establish that there is a need for it first |
Management at ABC Inc. wants to introduce a new benefit that is not required by law. Which of the following should it do first? |
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retirement savings |
Legally required employee benefits amount to 12 percent of the benefits packages that Canadian employers provide. Which one of the following benefits is not required? |
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sick leave benefits |
Which of the following is NOT a benefit provided under CPP/QPP? |
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outsourcing |
Many organizations use the services of professional benefits vendors to administer their benefits. What is this is a form of? |
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payroll inserts |
Great Parcel Inc. has numerous office locations across Canada, including isolated areas with no access to the Internet. Which of the following would be the most efficient way to communicate a new benefit to all its employees? |
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the globalization of benefits |
Which of the following is NOT necessary for an organization to consider when developing its benefits program? |
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making cuts to mandatory benefits |
The Meat Shop, one of Canada’s best employers according to a recent survey, is considering ways to contain its rising benefits costs. Which of the following is NOT a wise option? |
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the mandatory retirement age |
The growth in health care costs can be attributed to a number of factors. Which of the following is NOT one of those factors? |
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an increase in base pay |
Which of the following usually increases the costs of benefits? |
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payment for time not worked |
Holiday pay, sick leave, and vacation pay are examples of which of the following? |
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Bob’s severance pay |
Bob Jones has just been permanently laid off from his present position. His company, ACME Manufacturing, has issued Bob a cheque that represents one month’s pay for every year Bob worked at ACME. What is this cheque? |
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It is called a silver handshake. |
Omar Morales, an older employee, is considering an early retirement package that his employer has offered; it includes improved benefits and cash bonuses. Which of the following applies to this inducement? |
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executive perquisites |
Which of the following is NOT a common reason why employees take early retirement? |
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a pre-retirement program |
Polaroid allows employees the opportunity to try out retirement with a leave program, or gradually reduce their work hours as they approach retirement age. This is an example of which of the following? |
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the employer and the union |
The collective bargaining agreement between ACME Inc. and the union CUPA 1003 Local requires the employer to provide a limited vision care package. Workers are demanding more. Who will determine any new package? |
