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LET’S PRACTICE
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10. Company A offers employees 12 days of paid sick leave every year. Company B tells Beverly that their sick leave is more generous because, although they have only 6 days of paid sick leave, they offer 2 weeks of unpaid medical leave in the event she gets sick. Who has the better sick leave benefits? _ ______________________________________________________________________________ _ ______________________________________________________________________________ 11. Company B offers all employees a 401K . Beverly has no idea what that is and doesn’t think it would be of much use to her. What is it? What is a key long term benefit of this benefit? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 12. Company A has a cafeteria plan . Beverly is so excited because she loves to eat and adores having a variety of foods to choose from at lunch time. Set her straight on this misconception. What’s another name for this plan? _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 13. “Benefits, benefits, benefits! I’m sick of hearing about benefits! What’s so great about employee benefits?” Tell befuddled Beverly five reasons why benefits are so beneficial: _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ _ ______________________________________________________________________________ 14. Beverly thinks she’ll freelance for awhile. What is that, and what employee benefits will she receive from her employer as a freelancer? As a freelancer, what are her medical and retirement benefit options? PRODUCT PREVIEW
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Chapter 4 | Pay. It’s More Than a Salary
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