aPHR test study guide - Compensation and Benefits (14%)

aPHR test study guide - Compensation and Benefits (14%) Total Rewards / Returns - Answer ️️ -All returns to an employee, including financial compensation, benefits, oportunities for social interaccion, security, status and recognition, work variety, appropriate workload, importance of work, authority/control/autonomy, advancement opportunities, feedback, hazard-free working conditions, and opportunities for personal and professional development. An effective compensation system will utilize many of these returns Employee benefits - Answer ️️ -Compensation in forms other than cash. Benefits contribute to attracting, retaining, and motivating employees. Employee benefits required by law - Answer ️️ -Social security, Unemployment insurance, Worker's Compensation Insurance, Family and Medical Leave, Health Care Social security - Answer ️️ -Is the Federal Old age, Survivors, Disability, and Health Insurance (OASDHI) program, which combines old age ( retirement) insurance, survivors insurance, disability insurance, hospital insurance ( Medicare Part A) and supplementary medical insurance ( Medicare Part B) for the elderly Unemployment Insurance - Answer ️️ -A federal mandated program to minimize the hardships of unemployment through payments to unemployed workers, help in finding new jobs, and incentives to stabilize employment Experience Rating - Answer ️️ -The number of employees a company has laid off in the past and the cost of providing them with unemployment benefits The size of the unemployment insurance tax imposed on each employer depends on the employer's experience rating Conditions workers must meet to receive unemployment insurance benefits - Answer ️️ -1- demonstrating they have been employed ( often 52 weeks or four quarters of work at a minimum level of pay ) 2- They are available for work 3- They are actively seeking work ( includes registering at the local unemployment office) 4- They were not discharge for cause ( such as willful misconduct ), did not quit voluntarily, and are not out of work because of a labor dispute ( such as a union member on strike) Worker's Compensation - Answer ️️ -State programs that provide benefits to workers who suffer work related injuries or illnesses, or to their survivors (FMLA) Family and Medical Leave Act - Answer ️️ -Federal law requiring organization's with 50 or more employees to provide up to 12 weeks of unpaid leave after childbirth or adoption; to