10 Questions
Which of the benefits discussed in the text are required by law?
Medical benefits
What should HR managers be prepared to discuss after visiting company websites?
Incentives offered by the companies
Which aspect is highlighted as important when developing medical benefits, according to the text?
Communication with employees
Visiting the website http://www.bls.gov/oco/ is recommended in the text as a resource for information on the Occupational Outlook Handbook.
True
Some organizations require their employees to use all their vacation time every year, or else they will lose it.
True
When developing a compensation plan, it is important to consider the needs of the workforce and communicate the plan with the employees.
True
What is the main difference between an HMO and a PPO?
The main difference is that PPOs allow employees to see a physician outside the network, while HMOs typically require employees to see physicians within the network.
What are the key aspects to consider when choosing the best type of medical plan for an organization?
The cost of the plan, the type of coverage, the quality of the care, and the administration of the plan.
What are the three main types of health-care plans mentioned in the text?
Fee-based plan, HMO plan, PPO plan
Name three types of non-traditional compensation benefits discussed in the text.
Pension funds, 401(k) plans, Stock ownership plans
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