OCPS Employee Compensation & Benefits Administration

Question 1

What does total compensation typically include?

Accepted Answer

Salary plus bonuses and benefits

Answer

Only base salary.

Answer

Base pay and lunch benefits.

Answer

Only performance bonuses.

Question 2

Which benefit is considered a non-cash compensation?

Accepted Answer

Health insurance

Answer

Overtime pay

Answer

Bonuses

Answer

Commissions

Question 3

Which law governs minimum wage and overtime pay?

Accepted Answer

FLSA

Answer

FUTA

Answer

COBRA

Answer

HIPAA

Question 4

What is a typical feature of a flexible benefits plan?

Accepted Answer

Employee choice in benefit selection

Answer

Fixed set of benefits for all employees

Answer

Bonuses only for executives

Answer

No employee input allowed

Question 5

What is an example of a legally required employee benefit?

Accepted Answer

Workers' compensation

Answer

Company car

Answer

Paid vacation

Answer

Tuition reimbursement

Question 6

What is the purpose of a compensation policy?

Accepted Answer

To establish structured pay practices

Answer

To increase taxes

Answer

To manage hiring costs

Answer

To track absences

Question 7

Which benefit supports employee retirement?

Accepted Answer

401(k) plan

Answer

Health savings account

Answer

Flexible spending account

Answer

Life insurance

Question 8

What is merit pay?

Accepted Answer

Performance-based salary increase

Answer

Annual salary bonus

Answer

Cost of living adjustment

Answer

Holiday pay

Question 9

Why are benefits important in compensation packages?

Accepted Answer

To support employee satisfaction and retention

Answer

To confuse employees

Answer

To reduce salaries

Answer

To eliminate HR duties