Chapters 13 - 15 Review

Front 1

Define benefits.

Back 1

Benefits are indirect financial and nonfinancial payments employees receive for continuing their employment with the company.

Front 2

List some supplemental pay benefits.

Back 2

Supplement pay benefits are benefits for time not worked. Examples:
1. Unemployment insurance
2. Jury duty
3. Maternity leave
4. Vacation time
5. Sick days
6. Holidays
7. Sabbatical leave
8. Funeral leave
9. Military leave
10. Personal days

Front 3

What are the guidelines to be eligible for FMLA?

Back 3

1. Worked for the employer for 12 months or more.
2. In the past 12 consecutive months, you must have worked 1,250 hours or more
3. Your employer has at least 50 employees within 75 miles.

Front 4

What is workers' compensation?

Back 4

Workers' compensation provides income and medical benefits to work-related accident victims or their dependents REGARDLESS OF FAULT.

Front 5

What are some types of retirement plans that an employer can offer?

Back 5

1. Social security - social security is a tax on employee's wages that the employee and employers contribute to on each paycheck. Once the employees meets an age requirement, they can start drawing social security payments.
2. Pension plans - Pension plans provide a fixed sum when employees reach a predetermined age or when they can no longer work.
3. Defined benefit plan - A formula creates the pension amount.
4. Defined contribution plan - The employer is contributing a defined amount to the employees' retirement savings fund.
5. 401(k) - A defined contribution plan that is common among private employers.

Front 6

What is a cafeteria benefits plan?

Back 6

Individualized plans allowed by employers to accommodate employee preferences for benefits.

Front 7

What are some examples of flexible work schedules?

Back 7

1. Flextime - employees' workdays are built around a care of midday hours, and employees determine, within limits, what other hours they will work.
2. Compressed Workweek - An employee may prefer to work four 10-hr days and have a three day weekend instead of the normal five 8-hr days.
3. Job share - Two or more people share a single job

Front 8

Define ethics.

Back 8

Ethics are the principles of conduct governing an individual or a group; specifically ,the standards you use to decide what your conduct should be.

Front 9

What is termination at will?

Back 9

Iowa is a termination at will state. In the absence of a contract, either the employer or the employee can terminate at will the employment relationship.

Front 10

Please list the steps in a termination interview.

Back 10

1. Plan the interview carefully
2. Get to the point
3. Describe the situation
4. Listen
5. Review all elements of the severance package
6. Identify the next step

Front 11

What are the steps in an union organizing campaign?

Back 11

1. Initial contact - the union determines the employees' interest in organizing
2. Obtaining authorization cards
3. Holding a hearing
4. The organizing campaign
5. The election

Front 12

Describe collective bargaining.

Back 12

Collective bargaining is the process through which representatives of management and the union meet ot negotiate a labor agreement.