PHR Study Guide | 350 Questions with 100% Correct Answers

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Union efforts to force employers to pay for work or services that are not needed or performed - ✔✔featherbedding types of long-term forecasting - ✔✔unit demand, expert opinion, probabilistic... model, Delphi technique, trend projections, and Markov analysis a retirement account that the employer funds fully and guarantees eligible participants a predetermined monthly benefit upon retirement - ✔✔Defined Benefit Plan plans that are funded primarily by the employee and the invested funds are managed by the employee. The employee receives the lump sum balance of their account (primarily consisting of contributions plus or minus investment gains or losses) at retirement. - ✔✔defined contribution plan employers provide their employees with a set dollar amount each month to spend, as the employee sees fit, on a list of benefits, including pre-tax benefits - ✔✔cafeteria plan reimbursement accounts in which pre-tax money is set aside to pay for dependent care services while employee's are at work - ✔✔Dependent Care (DC) FSA's who is included in a Dependent Care FSA? - ✔✔employee's dependent children under the age of 13 or disabled children of any age who is included in Generation Y? - ✔✔millennials which generation group is less motivated by the size of their paychecks and increasingly motivated by the desire to have work that is inspiring, challenging, and motivating? - ✔✔Generation Y (millennials) a multi-step process for correcting misconduct or undesirable behavior, usually starting with a verbal warning and ending with a termination - ✔✔A progressive discipline policy occurs when there is a dispute or disagreement between the Union, Union member and the employer regarding the application or interpretation of a Union contract or employment laws - ✔✔grievance, labor dispute used to resolve workplace grievances in a prompt and less costly manner than a traditional litigation process - ✔✔Alternative Dispute Resolution (ADR) the art of providing direct guidance to organizationals stakeholders seeking expert advice on a variety of situations or circumstances [Show More]

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