HRM Chapter 6 Quiz
10 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the benefits discussed in the text are required by law?

  • Medical benefits (correct)
  • Profit sharing
  • Frequent changes in FICA tax rates
  • Sick day entitlements

    • What should HR managers be prepared to discuss after visiting company websites?

  • Incentives offered by the companies (correct)
  • Sick day entitlement survey findings
  • Current Social Security limits
  • Frequent changes in FICA tax rates

    • Which aspect is highlighted as important when developing medical benefits, according to the text?

  • Visiting company websites
  • Discussing Social Security limits
  • Reviewing profit sharing opportunities
  • Communication with employees (correct)

    • Visiting the website http://www.bls.gov/oco/ is recommended in the text as a resource for information on the Occupational Outlook Handbook.

    <p>True</p> Signup and view all the answers

    Some organizations require their employees to use all their vacation time every year, or else they will lose it.

    <p>True</p> Signup and view all the answers

    When developing a compensation plan, it is important to consider the needs of the workforce and communicate the plan with the employees.

    <p>True</p> Signup and view all the answers

    What is the main difference between an HMO and a PPO?

    <p>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.</p> Signup and view all the answers

    What are the key aspects to consider when choosing the best type of medical plan for an organization?

    <p>The cost of the plan, the type of coverage, the quality of the care, and the administration of the plan.</p> Signup and view all the answers

    What are the three main types of health-care plans mentioned in the text?

    <p>Fee-based plan, HMO plan, PPO plan</p> Signup and view all the answers

    Name three types of non-traditional compensation benefits discussed in the text.

    <p>Pension funds, 401(k) plans, Stock ownership plans</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser