as a Review Questions 1. James A. Klingon has a mandate from his boss to cut employee benefit costs. In a company expand

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As A Review Questions 1 James A Klingon Has A Mandate From His Boss To Cut Employee Benefit Costs In A Company Expand 1 (48.96 KiB) Viewed 40 times

as a Review Questions 1. James A. Klingon has a mandate from his boss to cut employee benefit costs. In a company expanding by 10 percent in employees every year, Jim decides to control costs through his selection strategy. Is he crazy? Or crazy like a fox? Explain. 2. Explain the concept of experience rating using examples from unemployment in- surance. Would the same concept apply to workers' compensation? Using the Inter- net, find out if experience rating plays a role in insurance coverage. 3. The CEO of Krinkle Forms Inc says there is a serious problem with turnover, with data for her observation provided below. Seniority Turnover Rate 0-2 yrs 61% 21% 2-5 yrs 5+yrs 9% The CEO wants to use employee benefits to lessen this problem. Before agree- ing to look at this as the solution, what should run through your mind as a trained professional? What might you do, specifically, in the areas of pension vesting, vacation and holiday allocation, and life insurance coverage in the effort to reduce turnover? 4. Why are defined contribution pension plans gaining in popularity in the United States and defined benefit plans losing popularity? 5. Some experts argue that consumer-directed health care is, amongst other things, a great communications tool for employee benefits. Defend this position.