Outcome # 1

Question 1

benefit

Answer 1

An indirect form of compensation

In Canada, B is 20 to 25 % of the costs

Question 2

Effectiveness of benefits prog.

Answer 2

1. Select B that target that Employee needs

2. effective administratiions of B programs

Question 3

Objectives

Answer 3

Improve employee work satisfaction
Meet employee health and security requirements
Attract and motivate employees
Retain top-performing employees
Maintain a favorable competitive position

Question 4

flexible benefits plans (cafeteria plans)

Answer 4

benefits plans that enable individual
employees to choose the benefits
that are best suited to their particular
needs

Question 5

registered Pension Plan (RPP)

Answer 5

the period after the end of the plan’s fiscal year to provide active plan members with statements of their pension benefits

Question 6

methods to communicate benefits to employees

Answer 6

In-house publications (employee handbooks and organizational newsletters)

Group meeting and training classes

Online modules

Bulletin boards

Payroll inserts/pay stub messages

Specialty brochures

Question 7

HRIS and benefits

Answer 7

reduced costs, increased efficiencies, and accuracy

Question 8

List of cost containment strategies

Answer 8

Contribution changes, such as increasing deductibles

Dollar limits, such as a dollar cap on specific benefits, such as eyeglasses

Coverage changes

Use of preferred providers and flexible benefits