Employee Benefits & Services

Question 1

Employee Benefits

Answer 1

Compensation other than wages, salaries, and incentive programs

Question 2

Cafeteria Plans

Answer 2

Flexible benefit programs that let employees personalize their benefits packages

Question 3

Retirement Plans

Answer 3

Company-sponsored programs for providing retirees with income

Question 4

Pension Plans

Answer 4

Generally refers to traditional, defined-benefit retirement plans

Question 5

401 (k) Plan

Answer 5

A defined-contribution retirement plan in which employers often match the amount employees invest

Question 6

Employee Stock-Ownership Plan (ESOP)

Answer 6

A program that enables employees to become partial owners of a company

Question 7

Stock Options

Answer 7

A contract that allows the holder to purchase or sell a certain number of shares of a particular stock at a given price by a certain date

Question 8

Non-Monetary Employee Benefits

Answer 8

Paid Vacation & Sick Leave
Family & Medical Leave
Child-care Assistance
Elder-care Assistance
Tuition loans and reimbursements 
Employee assistance programs

Question 9

Employee Assistance Program (EAP)

Answer 9

A company-sponsored counseling or referral plan for employees with personal problems