SPHR Exam Dumps - HRCI certification Questions and Answers

The types of insurance are as follows:

• Dental Insurance: Employers may choose dental insurance plans to provide varying levels of coverage for preventive or restoration work such as fillings, major restoration work such as bridges, and orthodontia.
• Vision Insurance: One of the lowest cost benefits available, vision insurance provides employees with reduced costs for eye examinations and contact lenses or glasses.
• Life Insurance: Many insurance companies bundle basic life insurance with medical or dental insurance for a very low rate and offer supplemental insurance for employees who are willing to pay an additional premium for the coverage.
• Accidental Death and Dismemberment Insurance (AD&D) Insurance: AD&D insurance can provide insurance for employees and their dependents in the event of an accident that results in the death of the covered person or the loss of a bodily function. AD&D does not pay benefits in the event of death due to an illness.

Chapter: Compensation and Benefits

Objective: Benefits

Answer option C is correct.The Drug-Free Workplace Act of 1988 requires only federal contractors and subcontractors to establish substance abuse policies. A fair and effective policy will describe which employees will be tested (D), whether it is all or specific job groups. The policy should describe (B) when tests will be done (pre-employment, randomly, on reasonable suspicion, or according to a predetermined schedule), what drugs are included in the process, and the consequences for employees who test positive (A). See Chapter 8 for more information.

Chapter: Risk Management

Objective: Risk Assessment

Answer option A is correct.If an employee is called by the employer for work and there is no work available, the employer may be required by state law or employment agreements to pay for a minimum number of hours of work. This is known as reporting pay.Answer option B is incorrect. Hazard pay is additional pay for working in dangerous conditions.Answer option C is incorrect. Gross pay is the amount earned by an employee before taxes are not paid.Answer option D is incorrect. Base pay is the foundation of an employer's compensation program because it reflects the value placed on individual jobs by the organization.

Chapter: Compensation and Benefits

Objective: Total Rewards Defined

Answer option B is correct.The WARN Act requires employers to provide 60 days' notice when 500 employees or 33 percent of the workforce are laid off, and it requires the number to be counted over a period of 90 days. Five employees a week for 3 months is a total of 65 employees (5 employees times 13 weeks), which is 33 percent of the workforce. The three exceptions are the “faltering company exception” (D) when knowledge of a layoff will negatively impact the company's ability to obtain additional funding, the “unforeseeable business circumstance” (C) when unexpected circumstances occur, and the “natural disaster” (A) exception. See Chapter for more information.

Chapter: Workforce Planning and Employment

Objective: Organization Exit/Off-Boarding Processes

Answer option B is correct.Transference doesn't make the risk go away, but it transfers the risk to a third party, usually for a fee. Purchasing insurance is an example of transference.

Transference

Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference.