Question 1

Individualized benefit plans that accommodate unique employee needs and preferences for benefits,are known as which of the following?

Accepted Answer

Flexible benefit programs are designed to provide employees with options to choose from a menu of individualized benefits that fit their unique needs and preferences. This allows employees to select benefits that are most important to them, such as health insurance, retirement benefits, or tuition reimbursement, and forego those that are less relevant. This approach can help companies attract and retain top talent by offering a more personalized and tailored benefits package.

Question 2

The last few years have seen a trend away from employer-provided retiree health benefits.

Accepted Answer

This is supported by data showing that fewer employers are offering retiree health benefits, and those that do are increasingly shifting the burden of costs onto retirees themselves.

Question 3

A third party conducts a confidential survey of the health history and lifestyle choices of employees to identify common health risk factors so that problem-specific programs can be implemented This is an example of

Accepted Answer

The survey being conducted to identify common health risk factors is an example of a risk assessment. This would help in designing targeted health promotion programs for employees to manage their health risks.

Question 4

Benefits fraud is not a legitimate concern for companies.

Accepted Answer

Benefits fraud can cost companies significant amounts of money and can undermine the fairness and effectiveness of benefits programs for employees. It is important for companies to take steps to prevent and detect fraud.

Question 5

Cost containment is one advantage to an employer offering a flexible benefit plan.

Accepted Answer

A flexible benefit plan allows employers to offer a range of benefit options that employees can choose from, often with a set budget. This allows for cost containment because the employer can control the amount spent on benefits, and employees can choose the options that work best for their individual needs. This can help prevent overspending on benefits that may not be fully utilized by all employees.

Question 6

A job-related service benefit that is designed to assist employees who must help aging parents or relatives who are not fully able to care for themselves is known as

Accepted Answer

The job-related service benefit designed to assist employees who must help aging parents or relatives who are not fully able to care for themselves is known as eldercare. This benefit is becoming increasingly important as the population ages and more workers are facing the challenge of caring for their elderly loved ones.

Question 7

Rybak Inc.offers its employees $1000 per year to spend on health-related expenses.This type of program is referred to as

Accepted Answer

The program offered by Rybak Inc. where employees are given $1000 per year to spend on health-related expenses is referred to as a healthcare spending account.

Question 8

According to the textbook,the number of flexible benefits programs in Canada has been decreasing.

Accepted Answer

The number of flexible benefits programs in Canada has actually been increasing as employers seek to provide more personalized benefits options to meet the diverse needs of their workforce.

Question 9

Carlos has noticed that employees in his organization don't really value the benefits package his organization has designed for them.The workforce in Carlos' organization is quite diverse in age and other demographic variables.Provide Carlo with some advice about flexible benefits by describing what they are and be sure to tell him about at least two key advantages and disadvantages of flexible benefits.

Accepted Answer

The answer of Carlos has noticed that employees in his...

Question 10

Jane distributes a monthly e-blast to employees on ways to improve health and wellness including smoking cessation,healthy recipes and exercise strategies.This is an example of

Accepted Answer

The monthly e-blast is an example of health promotion, which aims to educate and motivate individuals to improve their health and well-being. Health promotion activities can include a variety of approaches such as education, behavior change interventions, and environmental changes that support healthy lifestyles.

Question 11

Which of the following is a formal employer program for providing employees with confidential counselling or treatment programs for problems,such as mental health issues,marital/family problems,legal problems,and stress?

Accepted Answer

Employee assistance plans (EAPs) are formal employer programs that provide confidential counselling or treatment programs to employees for various issues, including mental health problems, marital or family problems, legal problems, and stress. They are designed to help employees handle personal and work-related problems that may affect their job performance, emotional wellbeing, and physical health.

Question 12

Your CEO has asked you for ways to reduce the company's health-benefit costs.What are three options you can suggest?

Accepted Answer

The answer of Your CEO has asked you for ways...

Question 13

Eldercare is designed to help older employees who are not fully able to care for themselves.

Accepted Answer

Eldercare primarily refers to services and support provided to older individuals who need assistance with daily activities, not specifically to employees. It is aimed at the elderly population in general, regardless of their employment status.

Quiz 13: Employee Benefits and Services