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SYMPO2018 > Chapitre 9 > Flashcards

Chapitre 9 Flashcards

1
Q

Benefits as a percentage payroll are approximatively __% percent today

A

Benefits as a percentage payroll are approximatively 37 percent today

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2
Q

__ percent of average earnings during the last 14 to 45 weeks

A

55 percent of average earnings during the last 14 to 45 weeks

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3
Q

What is pay in lieu of reasonable notice?

A

pay in lieu of reasonable notice: a lump sum equal to an employee’s pay for the notice period provided to employees who cease working immediately

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4
Q

what is severance pay?

A

Severance pay: In Ontario, employees with five or more years of service may be eligibles for severance pay if (1)the employers payroll is 2.5M$ or more or (2) the employer is closing the business and 50 or more employees will be losing their jobs.

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5
Q

What is pay for mass layoffs?

A

In BC, Manitoba, Ontario, New Brunswick and newfoundland and labrador require additional pay when a layoff of 50 or more employees. In Nova scotia and saskatchewan additional pay is required if 10 or more employees.

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6
Q

What is the amount of maternity leave?

A

17-18 weeks (15 for Alberta)

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7
Q

Parental and adoption leaves duration?

A

34 to 52 weeks

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8
Q

What is a bereavement leave?

A

leave of absence for the death of a family member.

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9
Q

How does compassionate care leave works?

A

All jurisdiction except Alberta provide compassionate care leave for employees who are caring for a critically or terminaly ill relative (six week of EI is payable)

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10
Q

What is the Canada/Quebec Pension Plans (C/QPP)

A

Canada/Quebec Pension Plans (C/QPP): Programs that provide three types of benefits: retirement income, survivor or death benefits payable to the employee’s dependants regardless of age at time of death and disabilities and their dependants. Benefits are payable only to those individuals who make contributions to the plans, or their family members. Was introduced in 1966

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11
Q

How is calculated the retirement pension plan? and how does it work?

A

The retirement pension plan is calculated at 25% of the average earnings (adjusted for inflation up to the average inflation level during the last five years). Plan members can choose to begin receiving benefits at any time between 60 and 70 y.o. reduced before 65 and increased after 65. deduction of 0.6 per month before the age of 65

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12
Q

How does disability benefits works?

A

only paid for severe disabilities that are expected to be permanent, or to last for an extended period. The disability benefit is 75 percent of the pension benefit earned at the date of disability, plus a flat-rate amount per child.

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13
Q

What is worker’s compensation?

A

Worker’s compensation: provides income and medical benefits to victims of work related accidents or illnesses, or to their dependants, regardless of fault. To obtain worker’s compensation the employee was on the job while the problem arose.

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14
Q

What might be a typical vacation policy?

A

A typical annual vacation determination policy might be as follows:

  • 2 weeks for 5 years
  • 3 weeks for 6 to 10 years of service
  • 4 weeks 11-15 years
  • 5 weeks 16-25 years
  • 6 weeks 25+ years
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15
Q

How does paid breaks work in Nova scotia

A

at least 30 uninterrupted break for 5 hours of work.

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16
Q

What is a group life insurance?

A

group life insurance: life insurance provided at lower rates for all employees, including new employees. regardless of health or physical condition.

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17
Q

What is a supplementary health care?

A

supplementary healthcare insurance is aimed at providing protection against medical cost arising from off-the -job accidents or illness. Usually lower than individual rates. Major medical coverageprescription drugs, physiotherapy. Employees must pay a specified amount deductible (usually 25 or 50$) before the benefits begins.

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18
Q

Despite government healthcare expenses in Canada, about __% of all healthcare expenses are paid by employers.

A

Despite government healthcare expenses in Canada, about 30% of all healthcare expenses are paid by employers.

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19
Q

What is coinsurance?

A

coinsurance: the percentage of expenses that are paid for by the insurance plan.

20
Q

Name ways to increase the amount of healthcare costs paid by the employees.

A
  • increasing employee premium
  • increasing deductibles
  • reducing company coinsurance
  • lowering annual maximums
  • eliminating coverage for spouses, hospital rooms and other benefits.
21
Q

what is a deductible?

A

deductible: the annual amount of health/dental expenses that an employee must pay before insurance benefits will be paid.

22
Q

Name the 5 strategy to reduce health-benefit costs.

A
  1. increase amount paid by employees
  2. Restricted list of drugs
  3. health promotion
  4. Risk-assessment programs
  5. Healthcare spending accounts.
23
Q

Smoking and the workplace:Smoking and the workplace:

  • ____$ estimated annual per-employee cost to organozation associated with smoking
  • __% of employer health/benefit cover prescription smoking cessation medicines
  • ___ the number of additional days per year that employees who smoke are absent from work, when compared ton non-smokers
  • __% of employer health/benefits plans cover nicotine replacement therapies like gums, lozenges and patches.
  • __% the average percentage of smokers employed in organization
  • __% of canadian organization completely ban smoking on their property.
A

Smoking and the workplace:

  • 3396$ estimated annual per-employee cost to organozation associated with smoking
  • 73% of employer health/benefit cover prescription smoking cessation medicines
  • 2.7 the number of additional days per year that employees who smoke are absent from work, when compared ton non-smokers
  • 40% of employer health/benefits plans cover nicotine replacement therapies like gums, lozenges and patches.
  • 12% the average percentage of smokers employed in organization
  • 19% of canadian organization completely ban smoking on their property.
24
Q

Success with workplace smoking cessation programs:

  • -% typical smoking quit rate without medication or counselling
  • __% of participants in the alberta and nrthwest territories lung association workplace smoking cessation program were smoke-free one year after the end of the program
  • __% of participants in the windsor-essex county health units pharmacist-led smoking cessation program were smoke-free six months after the program ended.
A

Success with workplace smoking cessation programs:

  • 4-7% typical smoking quit rate without medication or counselling
  • 27% of participants in the alberta and nrthwest territories lung association workplace smoking cessation program were smoke-free one year after the end of the program
  • 40% of participants in the windsor-essex county health units pharmacist-led smoking cessation program were smoke-free six months after the program ended.
25
Q

what is a short-term disability plan?

A

short-term disability plan: plans that provide pay to an employee when he or she is unable to work because of a non-work-related illness or injury. Medical certificate usually required beyond 2-3 days. full pay for two-three weeks.

26
Q

what is a Sick leave plans

A

Sick leave plans: grant full pay for a specified amount of day (usually up to about 12 per year, usually accumulated at the rate of one per month)

27
Q

On a study on 1514 canadians __% admit to calling sick when they were not. Reasons include: __(65%), __ (35%), having too heavy a workload (13%), and __(12%)

A

On a study on 1514 canadians 54% admit to calling sick when they were not. Reasons include: feeling stressed (65%), needing to care for a sick child (35%), having too heavy a workload (13%), and having insufficiant paid vacations days (12%)

28
Q

Name characteristics of long-term disability insurance.

A
  • usually range from 50-75% of the employee base pay
  • number of claims rising sharply
  • Diabetes increases with age
29
Q

What is disability management?

A

disability management: a proactive, employer-centred process that coordinates the activities of the employer, the insurance company, and healthcare providers in an effort to minimize the impact of injury, disability, or disease on a worker’s capacity to successfully perform his or her job.

30
Q

What is included in an effective disability management program?

A
  • prevention
  • early assessment and intervention regarding employee health problems
  • monitoring and management of employee absences
  • early and safe return-to-work policies.
31
Q

3 most common approaches to returning a worker with a disability to work are …

A
  • reduced work hours
  • reduced work duties
  • workstation modification
32
Q

only __% of depression affected employees seek treatment.

A

only 32% of depression affected employees seek treatment.

33
Q

For Canadian employers, the cost of mental health benefits is about __$ billion annualy.

A

For Canadian employers, the cost of mental health benefits is about 51$ billion annualy.

34
Q

Sabbaticals charachteristics.

A
  • for personnal reason
  • usually unpaid
  • can help retain employees
35
Q

Define a pension plan

A

pension plans: plans that provide income when employees reach a pre-determined retirement age. averaging 50 of the canadian retirement income

36
Q

Name the two types of pension plans

A
  1. defined benefit pension plan

2. defined contribution pension plan

37
Q

describe defined benefits pension plan

A

defined benefits pension plan: plans that provide income when employees reach a pre-determined retirement age

38
Q

describe defined contribution pension plan

A

defined contribution pension plan: a plan in which the employers contribution to the employee retirement fund is specified.

39
Q

What is a deferred sharing plan?

A

DPSP: a plan in which a certain amount of company profits is credited to each employee’s account, payable at retirement, termination, or death. No taxe is paid until money is received from the plan.

40
Q

What are the several issues to consider when designing a pension plan?

A
  • membership requirement
  • Benefit formula
  • retirement age
  • funding
  • Vesting ( a provision that an employer money placed in a pension fund cannot be forfeited for any reason)
  • portability (provision employees who change jobs can transfer a value of the pension they earned to a locked in registered retirement saving plan.
41
Q

What is phased retirement?

A

départ progressif

42
Q

what is supplemental employee retirement plans?

A

supplemental employee retirement plans: plans that provide the additional pension benefit required for employees to receive their full pension benefit in cases when their full pension benefit exceeds the maximum allowable benefit under the income tax act.

43
Q

Name personnal services that can be provided to the employees.

A
  • credit unions (to depose savings)
  • counselling services (financial, family, carrer, job placement, pre-retirement)
  • Employee assistance plan (used by environ 10% of employees)
44
Q

Name job-related services.

A
  • subsidized childcare
  • eldercare
  • subsidized employee transportation
  • food services
  • educational subsidies
45
Q

exemples of executive perquisites (top executives perks)

A
  • stock options
  • salary guarantees (golden parachute)
  • financial counselling
  • relocation benefits
  • company cars
  • chauffeured limousines
  • security systems
  • company planes
46
Q

what is a flexible benefits programs

A

individualized benefit plans to accomodate employee needs and preferences. in 2005 offered by 41% of employers, now 85% have or want to implement a flex plan.

SYMPO2018 (15 decks)

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