|
11/25/08 |
|
Fall 2008 |
|
|
Psy 4416: Test 3
Study Guide |
|
|
In preparing for Test 3, be able to recognize, list, describe, discuss, or define: |
|||
|
1. |
Benefit administration issues |
||
|
2. |
Advantages and disadvantages of flexible benefit programs |
||
|
3. |
Cost containment strategies for benefits and cost
containment terminology |
||
|
4. |
For each of the following, you should be able to describe
the purpose of the program and its major characteristics, including , where
available, any challenges and proposed interventions related to the program: |
||
|
A. |
Worker’s Compensation |
||
|
B. |
Social Security |
||
|
C. |
Unemployment Insurance |
||
|
D. |
Family and Medical Leave Act (FMLA) |
||
|
E. |
Consolidated Omnibus Budget Reconciliation Act (COBRA) |
||
|
F. |
Employee Retirement Income Security Act (ERISA) |
||
|
5. |
“Defined benefit” versus “defined contribution” retirement
plans |
||
|
6. |
Health care options, including descriptions of the options and employer strategies to control cost
increases |
||
|
7. |
Examples of income protection and miscellaneous benefits
and services |
||
|
8. |
Examples of the typical compensation components, benefits,
and perquisites offered to corporate directors and executives |
||
|
9. |
Examples of the typical compensation issues and components
offered to professionals and sales staff |
||
|
10. |
Definitions of “social contracts” and culture and examples
of their strategic similarities and differences between the U.S., Japan, and
Germany |
||
|
11. |
Types of strategic management mind-sets for international
compensation |
||
|
12. |
Compensation and benefits objectives for expatriates and
typical elements of expatriate compensation |
||
|
13. |
Basics of the “balance sheet” approach to expatriate
compensation and alternative approaches |
||
|
14. |
Terms, components, and functions of the Fair Labor
Standards Act, including minimum wage and overtime provisions |
||
|
15. |
Rule of thumb used when federal and state laws differ |
||
|
16. |
Terms, components, functions, and exceptions allowed under
the Equal Pay Act |
||
|
17. |
Possible determinants of gender-related pay differentials
in the U.S |
||
|
18. |
Definition of comparable worth and steps in implementing a
comparable worth plan |
||