Which of the following is not an example of how payroll can provide input into the union negotiation process O Advise on issues surrounding increasing the group benefit package O Advise on issues surrounding the cost of increased wages O Advise on issues surrounding the timing of retroactive payments O Advise on issues surrounding methods of increasing productivity
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- Which of the following is not an example of how payroll can provide input into the union negotiation process? Advise on issues surrounding the cost of increased wages Advise on issues surrounding the timing of retroactive payments Advise on issues surrounding increasing the group benefit package Advise on issues surrounding methods of increasing productivityA positive-balance employer has: a. an employee development program that promotes work-life balance and leadership skills. b. a reserve account whereby the benefits paid out are less than the taxes paid in. c. a reserve account whereby the benefits paid by the state = the taxes paid in. d. a reserve account whereby the benefits paid out exceed the taxes paid in.Which organization would likely be most interested in whether the company has the ability to pay increased wages and benefits? a) The Securities and Exchange Commission b) The Internal Revenue Service c) The U.S. Treasury Department d) A labor union
- Identify and discuss the non-financial factors that may affect a client’s decision to reduce employee wagesWhich statement is incorrect regarding recognition of employee benefits? a. The enterprise should recognize the expected cost years of service. of profit-sharing and bonus payments when, and only when, it has a legal or constructive obligation to make such payments as a result of past events and a reliable estimate of the expected cost can be made b. For short-term employee benefits, the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period should be recognized in that period. c. The cost of providing employee benefits should be recognized in the period in which the benefit is earned by the employee, rather than when it is paid or payable. d. For post-employment benefits, the cost to be recognized in the period is the contribution payable in exchange for service rendered by employees during the period.When is employee compensation referred to as variable pay? 0 a. when employee pay is comprised of varying component O b. when employer costs vary with the incentives offered O C. when employee pay varies with market pay when employee pay is linked to performance O d.
- "Burdensome employment regulations do more harm than good. If employees don’t like a particular job, they are free to seek another job. It is the labour market that provides the best defence against exploitative employers.” Discuss this argument, referring to at least three of the following:a) bargaining powerb) employment rentsc) equilibrium employment levelsd) Labour-market frictions.What might a company do to prevent an employee from taking wages in kind?Why are the different organizations method to use Salary Surveys? Also elaborate employees financial and non-financial benefits?
- What is the maximum contribution that an employer can make to an employees SIMPLE account?Why are the different organizations method to use Salary Surveys? Also elaborate employees financial and non-financial benefits?(describe in details)When employers are subject to both federal and state wage-hour laws, they must observe the law that: a. is the more recent one b. is more favorable to the employer c. is more favorable to the employee d. has the bigger penalties