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Fill in the blank: Pension schemes are designed to provide employees with __________ after they retire from active employment.
A. Work-life balance
B. Financial security
C. Professional development
D. Job satisfaction
Answer: B
Explanation:
Pension schemes are designed to provide employees with financial security after they retire, ensuring they have a stable income during their retirement years.
NEW QUESTION # 54
What type of external HR service provider helps companies manage and administer employee benefits packages?
A. Legal advisors
B. Wellness coaches
C. Benefits brokers
D. Financial advisors
Answer: C
Explanation:
Benefits brokers help companies manage and administer employee benefits packages. They provide guidance on selecting and maintaining benefits plans that meet the needs of employees and comply with regulations.
NEW QUESTION # 55
When considering recruitment and selection laws, it is important to understand _______.
A. Employee retention strategies
B. Implementing company policies
C. Recruitment budget management
D. Compliance with local and national laws
Answer: D
Explanation:
Understanding compliance with local and national laws is crucial when considering recruitment and selection laws. Companies must be aware of and adhere to these regulations to avoid legal repercussions and promote fair hiring practices.
NEW QUESTION # 56
Enter the answer as a numeric value.)
An organization has an average of 50 employees during one calendar year. If 8 employees end employment during the year, the annual rate is ________________.% Answer:
Explanation:
16
Explanation:
* Formula to Calculate Annual Turnover Rate:
Turnover Rate=(Number of Employees Who LeftAverage Number of Employees)¡Á100 ext{Turnover Rate}
= left( rac{ ext{Number of Employees Who Left}}{ ext{Average Number of Employees}} ight) imes
100Turnover Rate=(Average Number of EmployeesNumber of Employees Who Left)¡Á100
* Applying the Values:
* Number of employees who left: 8
* Average number of employees: 50
Turnover Rate=(850)¡Á100=16% ext{Turnover Rate} = left( rac{8}{50} ight) imes 100 = 16% Turnover Rate=(508)¡Á100=16%
* 16%
* International HR References:
* SHRM Turnover Metrics Guidelinesrovides standardized formulas for turnover calculations.
NEW QUESTION # 57
Which of the following is a document that outlines an organization's policies on legal and ethical standards?
A. Confidentially agreement
B. Code of conduct
C. Standard operating procedure
D. Conflict of interest
Answer: B
Explanation:
ACode of Conductoutlines an organization's policies on legal and ethical standards, defining acceptable behaviors and guiding employees in decision-making.
* Explanation of Other Options:
* B. Conflict of interest: Focuses on situations where personal interests may conflict with organizational goals but is part of the broader code of conduct.
* C. Confidentiality agreement: A legal document ensuring sensitive information is protected, but it doesn't cover comprehensive ethical guidelines.
* D. Standard operating procedure: Describes step-by-step workflows, unrelated to legal/ethical standards.
NEW QUESTION # 58
......
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rovides standardized formulas for turnover calculations.