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37 Cards in this Set
- Front
- Back
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What are the two primary elements of benefits programs? |
Income protection Pay for time not worked |
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What specific factors influence benefits programs |
Philosophy/business objectives Competitive practices Taxation Employee demands Costs Demography changes Perceived value Desire for choices Regulatory/legal environment |
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In many countries what is the major factor influencing growth of employee benefits |
Government |
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Mandatory benefit programs |
Unemployment Workers comp Social security Disability |
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Benefits taxation affects |
Benefits levels through imposition of limits
The source of benefits
The cost sharing basis |
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What is one reason why benefits may need to change |
Demographic changes/needs of the workforce |
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What is one reason why benefits may need to change |
Demographic changes/needs of the workforce |
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Name some examples of demographic changes |
Aging population
Multiple generations in workforce
Less paternalistic companies
Globalization of economies |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
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What do dental indemnity plans cover |
Preventive and limited basic and major care |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
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What do dental indemnity plans cover |
Preventive and limited basic and major care |
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Defined benefit plans generally provide better benefits to |
Employees with longer service |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
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What do dental indemnity plans cover |
Preventive and limited basic and major care |
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Defined benefit plans generally provide better benefits to |
Employees with longer service |
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What type of program puts the plan sponsor at financial risk |
Defined benefit |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
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What do dental indemnity plans cover |
Preventive and limited basic and major care |
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Defined benefit plans generally provide better benefits to |
Employees with longer service |
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What type of program puts the plan sponsor at financial risk |
Defined benefit |
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Defined contribution plan examples are |
Savings plans Profit sharing Money purchase |
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Name some examples of income protection programs |
Health care Welfare Retirement |
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Health care systems worldwide are influenced by |
Beliefs, values, culture, and perceptions regarding govt role |
|
|
What do dental indemnity plans cover |
Preventive and limited basic and major care |
|
|
Defined benefit plans generally provide better benefits to |
Employees with longer service |
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|
What type of program puts the plan sponsor at financial risk |
Defined benefit |
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Defined contribution plan examples are |
Savings plans Profit sharing Money purchase |
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Cash balance plans are also known as |
Hybrid plans |
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Sick leave is considered |
Pay for time not at work |
