COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
___ are two significant hr activities.
compensation and benefits
Exchanging pay scale information with professional colleagues in different
organizations is essentially
illegal
Benefits fall into two broad categories:
those that are mandated by law and those that are voluntarily offered by the employer
Currently many organizations are changing from defined benefit to ___..
defined contribution pension plans
Statutory benefits include
workers compensation, unemployment compensation and insurance, and disability
insurance
One of HR's primary responsibilities is to
maintain an organizations compensation structure
HR ordinarily strives to
remain current and competitive with compensation levels in the healthcare industry and
the local labor market
On a predetermined basis, usually annually, HR is expected to
make recommendations for changes in compensation
, Recommendations for changes in compensation are reviewed by the ___ before
being implemented
board of directors
Annual compensation recommendations often include suggestions related to
the timing of changes and the rationale for the suggested distribution of increases
recommendations for changes in compensation usually include
the basis for changes being proposed
Proposed wage increases may include all employees, often referred to as
cost of living adjustments (COLA)
If pay raises goes for selected individuals, these are usually called
merit or performance adjustments
___ are not a change in wage but certaintly affects compensation overall.
bonuses
a department manager should be knowledgeable about how pay increases are
related to____.
performance and the general level of performance required for receiving merit-based
increases
A supervisor should know the differences between_____, also sometimes
referred to as cost-of-living increases.
merit pay increases and increases provided through pay-scale changes
A manager should know ____.
when merit increases or scale increases can usually be expected to occur and how and
when other types of pay increases, such as probationary increases, are granted