Exam 11: Pay for Performance and Employee Benefits

Which of the following involves setting a production standard for a specific work group and then paying incentives to the group members if they exceed the standard?

Why are family-friendly benefits increasingly valuable to employees? What are some examples of family-friendly benefits?

Tyrone,a data entry clerk,is paid a basic hourly rate.He receives an extra percentage of his rate when his productivity is above normal.Which incentive plan is most likely used by Tyrone's employer?

Jenny's pension plan encourages her to contribute at least 5% of her annual salary in addition to the set amount that her company contributes.She is given choices regarding how the money is invested.When she retires,the amount she has available will depend on how much she invested herself,and the rate of return on the investments she chose.This pension plan would be classified as ________.

Which term refers to the money that an employer and employee have placed in the employee's pension fund that cannot be forfeited for any reason?

Legally required benefits,such as unemployment insurance,are more costly to employers than health insurance.

According to research,most firms use ________ to motivate the short-term performance of managers.

Which group contributes to workers' compensation funds?

Malcolm is interviewing for a new job and he is evaluating the quality of the pension plans offered for each company he is considering.One company offers a pension plan in which the company will make all contributions to the plan and will base his pension benefit on a formula linked to his pay at the time of retirement and the number of years he works for the firm.This pension plan could be classified as a ________.

Which of the following is a discretionary benefit?

Which of the following provides services such as financial counseling,child care referrals,and adoption assistance?

What are the advantages of employee stock ownership plans?

What is the primary cause of rising unemployment tax rates?

Which of the following terms refers to benefits for time not worked such as unemployment insurance,vacation and holiday pay,and sick pay?

What is the most likely reason that firms are implementing group incentive plans?

Marie,a top manager at Levon Marketing,will receive 500 shares of the firm's stock if the firm's sales increase by 5% in the next quarter.Which of the following was Marie most likely given?

The American Disabilities Act makes it illegal for employers to discriminate against women by providing benefits of a lower amount or duration for pregnancy,childbirth,or related medical conditions.

Which term refers to an incentive plan in which a person is paid a sum for each item sold,with a strict proportionality between results and rewards regardless of output?

The primary purpose of ________ is to enable employees to balance work and family obligations.

According to the Comprehensive Omnibus Budget Reconciliation Act,how long are most employers required to make health benefits available to terminated or retired employees?