Question 1

It seems more firms are deciding to offer which of the following benefits?

Accepted Answer

A)  group RRSPs and life insurance 
B)  formal pension plans 
C)  supplemental medical and dental 
D)  employment insurance 
A)  group RRSPs and life insurance 
B)  formal pension plans 
C)  supplemental medical and dental 
D)  employment insurance

Question 2

Which of the following plans provides a guaranteed level of income at retirement?

Accepted Answer

A)  defined contribution plan 
B)  tax deferred plan 
C)  defined benefit plan 
D)  registered retirement savings plan 
A)  defined contribution plan 
B)  tax deferred plan 
C)  defined benefit plan 
D)  registered retirement savings plan

Question 3

From an employee's point of view,what advantage do defined contribution plans have over defined benefit plans?

Accepted Answer

A)  the employer assumes the risk of investments 
B)  tend to be more portable 
C)  provides a higher pension for those who join the company later in life 
D)  risk is averaged over a large group of employees 
A)  the employer assumes the risk of investments 
B)  tend to be more portable 
C)  provides a higher pension for those who join the company later in life 
D)  risk is averaged over a large group of employees

Question 4

Identify and briefly explain the most common and important employee services.

Accepted Answer

Employee services encompass a number of

Question 5

Which of the following identifies the first issue in developing an effective benefit system?

Accepted Answer

A)  determining the tax implications 
B)  examining the compensation cost structure of the organization 
C)  establishing the administration process 
D)  determining the role of indirect pay in compensation strategy 
A)  determining the tax implications 
B)  examining the compensation cost structure of the organization 
C)  establishing the administration process 
D)  determining the role of indirect pay in compensation strategy

Question 6

Describe the main issues in designing the benefits system.

Accepted Answer

The first step is to determine the role

Question 7

Which of the following is not an issue in establishing an indirect pay system?

Accepted Answer

A)  determining the role of employee performance in establishing benefits 
B)  choosing a process for plan design 
C)  choosing the benefits system and specific benefits 
D)  determining the structure of each benefit 
A)  determining the role of employee performance in establishing benefits 
B)  choosing a process for plan design 
C)  choosing the benefits system and specific benefits 
D)  determining the structure of each benefit

Question 8

Which one of the following items is included in virtually all benefit plans?

Accepted Answer

A)  child care 
B)  parental leave 
C)  health care spending accounts 
D)  life and accident insurance 
A)  child care 
B)  parental leave 
C)  health care spending accounts 
D)  life and accident insurance

Question 9

Which of the following benefits is not included under "employee services?"

Accepted Answer

A)  use of company vehicle 
B)  wellness and recreational 
C)  child care/elder care 
D)  work-life balance 
A)  use of company vehicle 
B)  wellness and recreational 
C)  child care/elder care 
D)  work-life balance

Question 10

Which of the following may help to improve employee comprehension of their benefits?

Accepted Answer

A)  employee handbooks 
B)  periodic newsletters 
C)  computer-based technology 
D)  annual pension coverage statements 
A)  employee handbooks 
B)  periodic newsletters 
C)  computer-based technology 
D)  annual pension coverage statements

Question 11

Research shows that satisfaction with a benefits plan declines as employees learn more about it.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following benefits does not receive favourable tax treatment?

Accepted Answer

A)  registered pension plans 
B)  accidental death insurance 
C)  employer-provided long-term disability 
D)  dental insurance 
A)  registered pension plans 
B)  accidental death insurance 
C)  employer-provided long-term disability 
D)  dental insurance

Question 13

As a member of the company's defined benefit plan,employees receive a pension based on 1 percent of the average of their best three years earnings for each year of service. What will be your annual pension if you retire after 30 years of service and have averaged $50,000 per year during your three best years?

Accepted Answer

A)  $28,000 
B)  $15,000 
C)  $25,000 
D)  it depends on how much money is in the investment trust 
A)  $28,000 
B)  $15,000 
C)  $25,000 
D)  it depends on how much money is in the investment trust

Question 14

Which of the following aspects of the compensation system is considered to be the most technically complex?

Accepted Answer

A)  determining the base pay structure 
B)  designing the job evaluation system 
C)  establishing external equity 
D)  designing the benefits system 
A)  determining the base pay structure 
B)  designing the job evaluation system 
C)  establishing external equity 
D)  designing the benefits system

Question 15

In developing a benefits system,the first issue is determining the structure of each benefit.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not a government regulated benefit?

Accepted Answer

A)  outplacement services 
B)  rest breaks 
C)  vacation time 
D)  statutory holidays 
A)  outplacement services 
B)  rest breaks 
C)  vacation time 
D)  statutory holidays

Question 17

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

Accepted Answer

A)  health care spending accounts 
B)  simplified flex plan 
C)  flexible benefits plan 
D)  fixed benefits plan 
A)  health care spending accounts 
B)  simplified flex plan 
C)  flexible benefits plan 
D)  fixed benefits plan

Question 18

Which of the following benefits must employers participate in on behalf of their employees?

Accepted Answer

A)  workers' compensation benefits 
B)  supplemental unemployment benefits 
C)  outplacement services 
D)  paid leaves for jury duty 
A)  workers' compensation benefits 
B)  supplemental unemployment benefits 
C)  outplacement services 
D)  paid leaves for jury duty

Question 19

An important question to ask in determining the structure of each benefit is "who will pay for it?"

Accepted Answer

A) True 
 B)False

Question 20

Some benefits consultants are starting to turn against flexible benefit plans because they believe they serve neither the employee nor the employer well.

Accepted Answer

A) True 
 B)False

It seems more firms are deciding to offer which of the following benefits?

Which of the following plans provides a guaranteed level of income at retirement?

From an employee's point of view,what advantage do defined contribution plans have over defined benefit plans?

Identify and briefly explain the most common and important employee services.

Which of the following identifies the first issue in developing an effective benefit system?

Describe the main issues in designing the benefits system.

Which of the following is not an issue in establishing an indirect pay system?

Which one of the following items is included in virtually all benefit plans?

Which of the following benefits is not included under "employee services?"

Which of the following may help to improve employee comprehension of their benefits?

Research shows that satisfaction with a benefits plan declines as employees learn more about it.

Which of the following benefits does not receive favourable tax treatment?

Which of the following aspects of the compensation system is considered to be the most technically complex?

In developing a benefits system,the first issue is determining the structure of each benefit.

Which of the following is not a government regulated benefit?

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

Which of the following benefits must employers participate in on behalf of their employees?

An important question to ask in determining the structure of each benefit is "who will pay for it?"

Some benefits consultants are starting to turn against flexible benefit plans because they believe they serve neither the employee nor the employer well.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 12: Designing Indirect Pay Plans

It seems more firms are deciding to offer which of the following benefits?

Which of the following plans provides a guaranteed level of income at retirement?

From an employee's point of view,what advantage do defined contribution plans have over defined benefit plans?

Identify and briefly explain the most common and important employee services.

Which of the following identifies the first issue in developing an effective benefit system?

Describe the main issues in designing the benefits system.

Which of the following is not an issue in establishing an indirect pay system?

Which one of the following items is included in virtually all benefit plans?

Which of the following benefits is not included under "employee services?"

Which of the following may help to improve employee comprehension of their benefits?

Research shows that satisfaction with a benefits plan declines as employees learn more about it.

Which of the following benefits does not receive favourable tax treatment?

Which of the following aspects of the compensation system is considered to be the most technically complex?

In developing a benefits system,the first issue is determining the structure of each benefit.

Which of the following is not a government regulated benefit?

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

Which of the following benefits must employers participate in on behalf of their employees?

An important question to ask in determining the structure of each benefit is "who will pay for it?"

Some benefits consultants are starting to turn against flexible benefit plans because they believe they serve neither the employee nor the employer well.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Activating and Maintaining an Effective Compensation System

Filters