In part, physicians' salaries are higher than secretaries' salaries because it takes more years to train to become a physician than it does to become a secretary. True False
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Compensation refers to the monetary amount which is given to an employee for his services that he has provided to the organization. Usually compensation refers to salary and wages. Whereas benefits refers to the perks which are given to an employee along with their compensation. Benefits usually includes include medical insurance coverage, retirement plans for the employees, extra discounts etc.
Nowadays companies want to be more competitive with their compensation and benefits in order to attract top talent and retaining that talent in the organization
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- 1. This is the term that pertains to the monetary benefit given to employees in return of the services provided by them.2. This term is considered as the lowest hourly, daily or monthly wage that employers may legally pay to employees or workers.3. This term simply refers to the cost of acquiring human resources for running operations, and it is then termed personnel expense or salary expense.4. This term used colloquially to refer for those benefits of a more discretionary nature or these are given to employees who are doing notably well and/or have seniority.5. A female member who has paid at least three monthly contributions in the 12-month period immediately preceding the semester of childbirth or miscarriage shall be paid this kind of benefit.In terms of absenteeism, which is most expensive? A. Time sheets for every employee B. Ignoring the problem C. Swipe cards for every employee D. Transponders for every employeetrue or false? Just type T or F after the arrow.1. An employer must report every workplace injury to OSHA within 8 days.2. If a state has its own approved occupational safety and health plan, then employers in that state have to follow the state law, not the federal law.3. Most US states have their own approved occupational safety and health plan for employees in private industry (not just government workers).4. If a restaurant is resuming dine-in service, then to comply with OSHA standards, the restaurant must require all of the employees to be vaccinated against COVID 19. 5. OSHA can fine an employer for a violation even if nobody is injured by it.6. An employer can be responsible for a hazard that none of its managers even know about.7. OSHA officials can inspect a worksite even if there have been no injuries or complaints.8. An employee has the right to refuse to do any job that he or she thinks might be unsafe.9. If an employee is injured at work due to an OSHA violation that was…
- Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell A brokerage firm is considering investment options for its clients. If the market is good the clients could get a net profit of $120,000 for Fund A, $100,000 for Fund B, and $80,000 for Fund C. If the market is fair, they could get a net profit of $20,000 for Fund A, $40,000 for Fund B, and $30,000 for Fund C. If the market is poor, clients would lose $30,000 for Fund A, $50,000 for Fund B, and $15,000 for Fund C. They must Fund one to invest in for their clients. An economist group offers to do a market study for $2,000. They know the following probabilities: P(good market Fund A | favorable study) = 0.6 P(fair market Fund A | favorable study) = 0.3 P(poor market Fund A | favorable study) = 0.1…Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. A brokerage firm is considering investment options for its clients. If the market is good the clients could get a net profit of $120,000 for Fund A, $100,000 for Fund B, and $80,000 for Fund C. If the market is fair, they could get a net profit of $20,000 for Fund A, $40,000 for Fund B, and $30,000 for Fund C. If the market is poor, clients would lose $30,000 for Fund A, $50,000 for Fund B, and $15,000 for Fund C. They must Fund one to invest in for their clients. An economist group offers to do a market study for $2,000. They know the following probabilities: P(good market Fund A | favorable study) = 0.6 P(fair market Fund A | favorable study) = 0.3 P(poor market Fund A | favorable study) = 0.1…Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell A brokerage firm is considering investment options for its clients. If the market is good the clients could get a net profit of $120,000 for Fund A, $100,000 for Fund B, and $80,000 for Fund C. If the market is fair, they could get a net profit of $20,000 for Fund A, $40,000 for Fund B, and $30,000 for Fund C. If the market is poor, clients would lose $30,000 for Fund A, $50,000 for Fund B, and $15,000 for Fund C. They must Fund one to invest in for their clients. An economist group offers to do a market study for $2,000. They know the following probabilities: P(good market Fund A | favorable study) = 0.6 P(fair market Fund A | favorable study) = 0.3 P(poor market Fund A | favorable study) = 0.1…
- How does the average tenure of an employee relate to the average time an employeespends with the company?a. They are one and the same thing.b. The average tenure is twice the average time an employee spends with the company.c. The average tenure is half the average time an employee spends with the company.d. The average tenure is inversely related to the average time an employee spends withthe companyWhich one of the following best describes a job cost sheet? a. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job.b. It is used to track manufacturing overhead costs to specific jobs.c. It is used by management to understand how direct costs affect profitability. d. It is a daily form that management uses for tracking worker productivity on which employee raises are based.The term body shopping refers to which of the following? a. Waiting for frequent interruptions from the top management b. Identifying some employees for making management decisions c. Health and safety of employees d. The service of developing pool of human resource for employment in other firms
- 1. True or False: The role of modern-day internal auditors is limited to the auditing function of an organization. 2. When an employee is parting ways with a company, the human resources department should ensure that the employee provides a valid reason for resignation. an exit interview is arranged for the employee. project tasks assigned to the employee are completed before departure. the employee trains the new employee who is hired for the position. 3. True or False: In a 1993 "Harvard Business Review" article, Walter Salmon recommended a checklist of 22 questions to assess the financial health of a company. 4. An example of intrinsic value is ________. money a package holiday a job offer health 5. True or False: Information systems team coordinate the recruitment, training, and development of personnel for all aspects of an organization.36 - Which of the following wage structure includes the differentiation of basic wages according to the skills and competencies of the employees? a) Person Based B) Work Based NS) Fee Based D) Based on Customer TO) Based on ExperienceRead the passage and answer the following questions Harry Davis just finished interviewing a candidate to fill another medical billing specialist opening. As the human resources manager for MedEx, a medical billing company, Harry is concerned about the high turnover rate for the specialists. Turnover is very costly for the company, and Harry is trying to identify ways to lower the turnover rate. The candidate he just interviewed asked Harry if any of the specialists worked from home. Harry informed him that they do not right now, but telecommuting may be an option in the near future. MedEx employs more than medical billing specialists in its office located in a busy downtown metropolitan area. Each specialist works on a group of specific accounts, coding medical records and entering them into the computer system. The specialist position requires an intense 3-week training program to learn the coding system, but once they are proficient at their work, the specialists work independently…
