B1 Regulatory Environments for Benefits Programs Questions and Answers

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An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.

An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding

An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act

When the Labor Department has advised an employer that its actions were unlawful

To control annual fixed costs from base pay adjustments

To elevate employees who are below the midpoint in the range

To reward employees under short-term incentive plans

To make up for benefits not provided by the organization   

Production worker

Account executive

IT contractor

HR Director

Information on common management processes

The consequences of various disciplinary measures

Individual salary rates of employees in their department

Department of Labor

National Labor Relations Board

Office of Federal Contract Compliance Programs

Equal Employment Opportunity Commission

In the methods and processes used to make pay decisions

In the details of their individual compensation packages

In the overall program objectives

In the differences in pay levels for the different levels of the organization

They require complex actuarial calculations and assumptions.

The benefit is based on a formula that considers pay and service.

They generally provide better benefits to employees with longer service.

The employee assumes the risk for the investments.   

It is required by the Department of Labor

It is required in determining increase budgets

It determines what information and data sources will be used in the audit

It builds in a process of continuous improvement

Recognize possible issues and concerns that will drive budget planning

Prepare quarterly and annual reports and their associated statements

Withhold payroll taxes for all elements of compensation

Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle