test_tem_file_ch13.docVIP

Chapter 13: Benefits and Services Multiple Choice The indirect financial and non-financial payments employees receive for continuing employment with the company are called _____. reimbursement employee compensation salary benefits remuneration (b; easy) In developing benefits programs, employers must deal with the following policy issue(s): what benefits to offer who should receive the benefits how to finance these benefits a and b a, b and c (e; easy) Time-off benefits include the following: holidays sick leave parental leave a and b a, b and c (e; easy) In most countries, public holidays include the following: New Year Day Labor Day or May Day National Day or Independence Day a and b a, b and c (e; easy) Non-financial payments like health and life insurance, pensions, time off with pay, and child care facilities are examples of _____. variable pay competency-based incentives benefits salary bonuses (c; easy) Which of the following benefits is required by law in most countries? disability insurance workers’ compensation paid time off for vacations and holidays health insurance pensions (b; moderate) Holidays, vacations, sick leave and maternity leave are classified as _____ benefits. supplemental pay insurance retirement services premium (a; moderate) Insurance benefits provided by employers include the following: workers’ compensation health insurance car insurance a and b a, b and c (d; moderate) Who contributes funds to workers’ compensation benefits? each employee government employer insurance providers all of the above (c; moderate) Personal services provided by many employers include the following: social facilities recreational facilities free food a and b a, b and c (d; moderate) Family friendly benefits provided by employers include the following: child care facilities elder care facilities fitness facilities a and b a, b and c (e; moderate) The goal of _____ is to provide prompt income and medical benefits t