Question

Please Answer These: Book is Human Resource Management | 16th Edition by Sean Valentine/Patricia Meglich/Robert L. Mathis/John H. Jackson

1. _____ Companies rarely see benefits as an effective retention tool because employees generally have very little understanding of the benefits provided by their employers. a) True or b) False

2._____ Legally required benefits make up more than half of the total cost of benefits. a) True or b) False

3. _____ The benefits offered to employees, can be positively seen as? a) A non-financial intangible program. b) A federally mandated instrument. c) A means of competitive advantage. d) A financial tangible program.

4.____The following is a legally-required benefit? a) Health Insurance. b) Unemployment Insurance. c) Pension Plans. d) Tuition Reimbursement

5._____Firms are required to pay an unemployment percentage that is based on: a) Type of industry. b) Number of employees. c) Payroll cost. d) Experience rates

6._____Sandra is an HR assistant. Sandra participates in her company’s pension plan. After having worked for eight years, Sandra has been vested by her company. This indicates that: a) When Sandra retires, she will receive the amounts contributed by the company and herself. b) Sandra can now transfer her pension balances to a new employer’s plan if she moves to a new company. c) Sandra will receive the funds her firm contributed to the pension plan only if she is a member of the firm while retiring. d) None of the above

7._____ The following is a voluntary benefit that employers provide in addition to legally required benefits? a) Medicaid insurance. b) Workers’ compensation. c) Education assistance. d) Social security

8.______Maggie who has a pre-existing medical condition quit her job at ABC Company and went to work for XYZ Company. According to the following, Maggie can switch her health insurance plan from her former employer to her new employer? a) Consolidated Omnibus Budget Reconciliation Act – COBRA. b) Family Medical Leave Act - FMLA . c) Health Insurance Portability and Accountability Act – HIPAA. d) Patient Protection and Affordable Care Act – PPACA

9.______The following typically consists of approaches that monitor and reduce medical costs through restrictions and market system alternatives. a) Utilization review. b) Managed care. c) HMO. d) PPO

10.____ Benefits approach adopted as part of total rewards depends on many factors include all of the following EXCEPT a) Employee competition. b) Size of the organization. c) Workforce competition. d) Organizational life cycle

11._____Only employees who have worked at least 12 months and 1,250 hours in the previous year are eligible for leave under the FMLA. a) True or b) False

12. _____ Violations of the Employee Retirement Income Security Act (ERISA) can lead to disqualification of a pension plan. a) True or b) False

Answer 1

1. The given statement is true

In a firm, most of the employers are unaware of the benefits they can avail from the firm and only a few who are aware would be questioning them in case of non-payment. Moreover, most of the employers who are working in the lower-wage categories would not be having the awareness which would mean that the firm would not have to focus on these benefits as a reason for retention of the employees to a large extend although that is not the case at all times

2. The given statement is false

Although legally required benefits are present which are the statutory benefits that have to be given to an employee in a firm, they contribute only up to a smaller amount of the benefits that are being provided by the firms and thus a major part of the benefits are not legally bounded and the firms would have the power to withdraw and reintroduce them at any instant

3. Here, option (c ) is the correct answer

The provision of offering extra benefits to the employees can be seen as a means of competitive advantage. This means that provision of benefits would be higher at times when the firm makes higher profits as a result of the advantage that has been made from the market benefits and thus it is clear that it would help in improving the labour trust and will help in further developments of the firm

· Although it can be also understood as a part of financial programs and policies, it can be seen that they contribute to only a lower part of the benefits and thus could not be generalised. Moreover, a positive outlook would fix only for the above option

4. Here, option (b) is the correct answer

The Federal law suggests that Unemployment insurance should be provided which leans that it is a statute and should be provided to the employees and thus the employees would have the legal right to challenge the non-provision of unemployment insurance to them.

· Health insurance, Tuition reimbursement and pension plans are those decided by the firms and hence the employee could not question them legally.