Exam 12: The Benefit Determination Process

A type of benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

Employee benefits may be accurately described as a costly entitlement of the American workforce.

A recent survey shows employees ranking employee benefits __________ in explaining job satisfaction.

_____ is/are the primary reason why businesses adopt flexible benefit programs.

According to a recent SHRM survey,pay is the top factor driving job satisfaction.

The biggest trend in cost-containment is:

requires employers to offer some form of pension.

Various studies have found that only two specific benefits curtailed employee turnover: _____ and _____.

All of the following are advantages of managing benefits via the internet or intranet except:

The best way for companies to decide whether or not the company can afford a benefit is on a _____ basis.

There is good evidence that a sound benefits program reduces turnover.

_____ is the most frequent method of benefit communication.

The first issue in setting up a benefits package is:

If adverse selection occurs for one or more benefits in a flexible benefits plan,the higher cost will likely lead to those benefits being dropped from the plan.

Which of the following is not a major benefits planning and design issue?

The only two benefits shown to reduce turnover are pensions and medical coverage.

Which of the following is not a benefit administration issue?

Dual coverage is when a portion of insurance premiums is paid by the employee.

The goal of employee benefits should be to keep turnover to near zero.

List some examples of customer-driven healthcare benefits packages.