The goal of an organization that offers the benefits of housing, relocation, and transportation
allowance is to ________.
- decrease absenteeism
- attract recruits
- increase financial security
- increase retirement security - Answers Attract Recruits
________ provides temporary income during periods of involuntary unemployment.
- FMLA
- Unemployment insurance
- Workers' compensation
- Social Security - Answers Unemployment Insurance
Social Security is considered a(n) ________ benefit.
- optional
- special
- customary
- mandatory - Answers Mandatory
Life insurance is considered a(n) ________ benefit.
- optional
- special
- customary
- mandatory - Answers Customary
Domestic partner benefits are considered a(n) ________ benefit.
- special
- optional
- mandatory
, - customary - Answers Optional
Pays a sum of money to the beneficiary or beneficiaries after the death of an insured individual -
Answers Life Insurance
One of the five mandatory benefits, requires most employers to provide employees up to 12
weeks (for military, 26 weeks) of unpaid leave under specified circumstances. - Answers Family
Medical Leave Act of 1993 (FMLA)
The combined value of direct (pay and bonuses) and indirect (nonwage) compensation -
Answers Total Compensation (Total Rewards)
One of the five mandatory benefits; gives workers and their families who lose their health
benefits the right to choose to continue group health plan benefits - Answers COBRA
Commonly provided benefits that are viewed as an entitlement by employees. - Answers
Customary Benefits
The point at which an employee earns a nonforfeitable right to benefits funded by employer
contributions. - Answers Vesting
Provides healthcare coverage for employees and their dependents - Answers Health Insurance
Nonwage compensation or rewards given to employees (indirect compensation) - Answers
Employee Benefits
Promises participants a monthly benefit at retirement. - Answers Defined Benefit Retirement
Plan
Communicating total compensation in detail through a written summary of employee direct and
indirect compensation - Answers Total Compensation Statement
One of the five mandatory benefits, includes retirement income to qualified workers and their
spouses after working a certain number of hours, employees and the employe both make
required contributions - Answers Social Security
Supplements workers' compensation insurance to provide continued income in the event of an
employee becoming disabled - Answers Disability Insurance
An employee physically comes to work but does not function at his or her full potential -
Answers Presenteeism
Two people who are not married but are in a same-sex or opposite-sex arrangement similar to
marriage - Answers Domestic Partners
The employer, the employee, or both contribute to the employee's individual account, and the
contributions are invested on the participant's behalf - Answers Defined Contribution Retirement