What is the number one issue of concern for employers and has resulted in a 75% increase in costs for employers over the last 5 yrs?
What are "Health Benefit Costs"?
100
Name 3 countries that do not provide paid leave to parents upon the birth of their children?
What are the United States, Australia, and Ethiopia?
100
Benefit administration duties can be split between these two groups.
What is "HR and Managers (management)"?
100
This act requires employers to provide paid leave to employees with certain medical or family difficulties.
What is "FMLA"? (Family Medical Leave Act).
100
Extra pay for not taking sick leave.
What is "Well Pay"?
200
What are two actions employers can take to counter health benefit cost increases for the company?
Increasing the amount that employees and retirees pay for health insurance and implementing prescription drug management programs.
200
Companies that offer benefits are concerned with what four strategic benefit considerations?
What is "Competitive Advantage, Workforce Attraction (Recruiting) and Retention, Benefit Management, and Benefit Communication?
200
A results of HR technology, when the internet is used to communicate benefit information and allow employees to enroll on-line.
What is " a reduction in HR Staff and benefit administration costs"?
200
Double Jeopardy...Double Points...A mandate requiring employers to continue to provide departing employees health care coverage for a period of time after they leave.
What is "COBRA"? (Consolidated Omnibus Budget Reconciliation Act).
200
A plan that combines sick leave, vacation time and holidays into a total number of hours or days that employees can take off with pay.
What is PTO? (Paid-Time-Off Plan)
300
What is the average percentage of a U.S. company's payroll that is spent on benefits?
What is 30 - 40 %?
300
An employer program that allow employees to select the benefits they prefer.
What is a "flexible benefit plan or cafeteria plan"?
300
The most common means of benefits cost control.
What is "cost sharing"?
300
This act allows employees to obtain coverage in health plans, if they were previously covered under another plan?
What is the "HIPAA"? (Health Insurance Portability and Accountability Act).
300
A benefit that some employers provide to aid employees in caring for their elderly relatives. (It is an important issue that many families are facing today and may cause employees to miss work).
What is "Elder Care Assistance"?
400
What is the term for an indirect reward that is given to employees for being members of the organization?
What is a "Benefit"?
400
A result for some employees when they choose benefits in flexible plan without proper consideration.
What is an "inappropriate benefits package"?
400
Often employees are ignorant about the total value of their benefit package. Some employers use this statement as a tool to educate their employees.
What is a "personal statement of benefits"?
400
This act requires employers to disclose the assets and liabilities of their pension plans?
What is the "Pension Protection Act of 2006"?
400
Tyrone has a lot of vacation leave on the books...he would like the government to offer him this plan.
What is a "buy back plan"?
500
When companies view benefits as a vital part of the total rewards package, what company goal can be accomplished?
What is "retention"?
500
A construction worker is considered a high risk employee for injuries and when they do not select a "disability benefit" in a flexible benefit plan they have made this error.
What is an "adverse selection"?
500
Double Jeopardy...Double Points... A federal regulation that requires employers to report annually on their pension plan?
What is "ERISA"? (Employee Retirement Income Security Act).
500
A provision of ERISA that identifies who gets assets from a retirement plan when a married couple divorces.
What is "QDRO"? (Qualified Domestic Relations Order).
500
Triple Points....In the U.S. employers have spent more than 10B dollars to provide this benefit. They believe it results in an ROI, and can be measured through employee retention, promotion, and satisfaction.