Chapter 11 Employee Benefits

 It is worthwhile for employers to offer attractive benefit packages, because surveys show that employees who are satisfied with their benefits are more likely to be satisfied with their jobs.

• True

• False

As a way to retain its employees, VirtualCorp is considering introducing a number of new benefits. Before introducing these benefits, or even investing too much effort in preparing the packages, VirtualCorp should consult with its employees to determine if there is a need for them.

• True

• False

VirtualCorp is considering introducing new benefits to retain its employees. Should VirtualCorp consult with its employees before finalizing the benefits packages?

• Yes

• No

Research indicates that employees who are satisfied with their benefits are more likely to be satisfied with their jobs. Is it beneficial for employers to offer attractive benefit packages?

• True

• False

Should VirtualCorp conduct surveys to understand the preferences of its employees before implementing new benefits?

• Yes

• No

A company that wants to offer a benefits plan that will accommodate the individual needs of its employees should consider implementing a cafeteria plan.

• True

• False

Workers' compensation programs serve to prevent financial disaster to employees who are injured or become ill through their work.

• True

• False

Supplemental unemployment benefits are not required by law and are usually funded by an employer.

• True

• False

Today, employers are required to provide pension plans to all full-time employees.

• True

• False

Childcare, elder care, and extended leave policies are all examples of work–life benefits.

• True

• False