Exam (elaborations)
Chapter 11 - benefits - WGU C202 with verified answers
- Course
- Institution
Chapter 11 - benefits - WGU C202 with verified answers
[Show more]
Content preview
Chapter 11 - benefits - WGU C202Employee benefits - correct answer ✔✔are nonwage compensation or rewards given to employees.
Benefits are sometimes referred to as indirect compensation in contrast to pay, which is considered
direct compensation
total compensation or total rewards - correct answer ✔✔The combined value of direct (pay and
bonuses) and indirect (nonwage) compensation (total rewards).
Benefits include - correct answer ✔✔medical insurance, tuition reimbursement, sick and vacation leave,
retirement savings plans, product discounts, and free food.
Additional reasons organizations offer employee benefits are to - correct answer ✔✔promote employee
health, provide financial protection, and improve employees' work-life balance.
The goal of an organization that offers the benefits of housing, relocation, and transportation allowances
is to______ - correct answer ✔✔attract recruits
Mandatory Benefits - correct answer ✔✔Social Security
Unemployment insurance
Workers' compensation
Family Medical Leave Act (FMLA)
COBRA health coverage
Customary Benefits - correct answer ✔✔Life insurance
Disability insurance
Health insurance
Retirement plan
Optional Benefits - correct answer ✔✔Work-life benefits
Free food
, Workout facility
Domestic partner benefits
Flexible spending account
Nonfinancial benefits
Creative benefits
Social Security - correct answer ✔✔The Social Security Act of 1935 provides retirement income to
qualified workers and their spouses after working a certain number of hours. Benefits can be claimed
beginning at age 62
Unemployment insurance - correct answer ✔✔The Social Security Act of 1935 also established
unemployment insurance to provide temporary income during periods of involuntary unemployment.
_____________provides temporary income during periods of involuntary unemployment. - correct
answer ✔✔unemployment insurance
social security is considered a(n) ________benefit - correct answer ✔✔mandatory
Workers' compensation insurance - correct answer ✔✔pays for medical costs—and sometimes time off
—if an employee suffers a job-related sickness or accident, and pays survivor benefits in the case of an
employee's death.
The Family and Medical Leave Act of 1993 (FMLA) - correct answer ✔✔Requires most employers to
provide employees up to 12 weeks of unpaid leave to care for family members.
Customary Benefits - correct answer ✔✔are those that are so commonly provided that employees view
them as an entitlement. For example, sick leave and vacation days have come to be expected by most
employees.
Life insurance - correct answer ✔✔Health, life, and disability insurance are the three most common
types of insurance offered as employee benefits. pays a beneficiary a sum of money after the death of an
insured individual.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now