Exam 11: Pay for Performance and Employee Benefits

Which gainsharing plan involves employees working on a guaranteed piecework basis?

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

The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called ________.

Plans in which a corporation contributes shares of its own stock to a trust established to purchase shares of the firm's stocks for employees are known as ________.

The firm for which Rob works offers employees counseling services,a credit union,and a physical fitness facility,which are all considered personal service benefits.

You are the CEO of Blue Bay Motor Boat Company,a mid-size firm that manufactures speed boats.What incentive plan would you implement for the firm's engineers? What incentive plan would you implement for the firm's managers? What benefits are you required by law to provide? What types of discretionary benefits would you make available to all 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?

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

Which of the following is the most commonly used tool for motivating employees?

Employers offer gig workers benefits.

Broad-based stock option plans are intended to ________.

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

The Comprehensive Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

A 401(k)plan is best described as a ________.

Athena,a sales representative,was terminated from her position at Ross Manufacturing.On Athena's last day of work,she was given a check for $5,000.What did Athena most likely receive from Ross Manufacturing?

Women affected by pregnancy and childbirth are eligible for the same benefits as disabled employees.

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.

Why is controlling workers' compensation costs important? How can costs be controlled by employers?

Employees frequently use sick leave to take care of family problems and personal issues.How can firms address this costly problem?

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