BUS 381 Chapter Notes - Chapter 9: Co-Insurance, Presenteeism, Life Insurance

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sapphirecamel170

11 Mar 2012

School

Simon Fraser University

Department

Business Administration

Course

BUS 381

Professor

Melissa Mc Crae

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Document Summary

Employee benefits are indirect financial payments received by an employee during his or her employment. Traditionally were used to reward loyalty; today they are used to attract and retain workers. Benefits are on average, 37% of pay. Employment insurance (ei) provides income for those unable to work. Canada/quebec pension plan (cpp/qpp) provides retirement benefits to formerly employed workers. Workers" compensation provides income and health benefits to workers suffering work related illness or injury regardless of fault. Provincial healthcare plans provide basic medical and hospital services with no direct fee. Minimum amounts of vacations and holidays are legislated. Leaves of absence: unpaid parental/adoption, bereavement, sick leave. Pay on termination of employment: pay in lieu of notice, severance pay, pay for mass layoffs. When employees report to work even though they are ill or exhausted. Provided at lower rates for all employees, regardless of health or physical conditions.

Related Questions

Identify which human resources management activity is being illustrated in the following examples:

HR management activities:

staffing	compensation & benefits	training & development
compliance	employee relations

1) Identify which human resources management activity is being illustrated in the following examples:

6) _____ training and dev _____ A manager conducts job orientation for several new employees.

7) _____ An HR manager makes sure the company is following equal employment opportunity (EEO) laws.

8) _____ An HR manager negotiates with an insurance carrier to get a good deal for the company.

9) _____ An HR manager listens to and records an employee grievance.

10) _____ A supervisor negotiates a job offer with a candidate.

11) _____ A department manager develops an instruction manual for one of the company's job positions.

12) _____ An HR manager perfors background and reference checks on a potential candidate.

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Which of the following is a benefit derived from budgeting?

A) Budgeting focuses management's attention on the future.
B) Budgeting provides coordination of departments.
C) Budgeting provides a basis for evaluating performance.
D) Budgeting provides motivation for managers and employees.
E) All of the choices are benefits derived from budgeting.