Exam 11: Pay for Performance and Employee Benefits

Providing employees with iPhones,laptops,or other tools they need to get their jobs done in any location is known as workplace flexibility.

Which term refers to any plan that ties pay to productivity or profitability?

Supplemental pay benefits provide employees with time off with pay for jury duty,vacations,funerals,and military responsibilities.

Which of the following would most likely be used by a firm that wants to retain the services of a top manager for a specified period of time?

According to surveys,what will most employers do in response to the Patient Protection and Affordable Care Act?

Elizabeth works at an auto firm,which recently shut down for five weeks to change machinery.However,during the shutdown,Elizabeth was able to maintain her standard of living because of the firm's ________.

Kim works a 4-day workweek that consists of 10-hour days.Kim's employer most likely offers ________.

Which of the following is considered a hybrid of defined benefit and defined contribution plans?

What should be the central focus of a firm's executive reward packages?

Which term refers to payments a firm makes related to changes in company ownership?

Why do some employers encourage early retirement? What are some potential problems associated with early retirement programs? How can firms avoid such problems?

Keith works as a construction foreman,and he is viewed as a reliable,competent employee.Keith was recently injured in a car accident while on vacation,and his injuries are so severe that he will not be able to return to work.Which of the following would most likely provide Keith with benefits?

Enterprise incentive management software is used by managers to ________.

Studies indicate that employee assistance programs help reduce absenteeism among employees with family problems and illnesses.

Merit raises typically become part of an employee's base salary.

All of the following are Social Security benefits EXCEPT ________.

How does merit pay differ from a bonus?

During difficult economic times,employers have to cut costs.What are some strategies for minimizing the costs associated with employee health care? What no-cost or low-cost methods are available to employers who want to recognize and reward hard-working employees?

Eric has worked full-time for a large manufacturing company for over 3 years.Eric and his wife have recently adopted a baby,and Eric wants to take time off from work to care for the child.Which of the following laws most likely applies to Eric's situation?

If an employee is injured at work due to a blatant disregard for company safety policies,the company is not required to pay workers' compensation.