Compensation Policies Are Usually Written by the HR or Compensation

question 80

Multiple Choice

Compensation policies are usually written by the HR or compensation manager together with

• A)supervisors.
• B)employees.
• C)stockholders.
• D)compensation consultants.
• E)senior management.

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Definitions:

401k

An employer-backed retirement investment program that permits workers to allocate a part of their earnings for savings before any tax deductions.

403b Plan

A 403b plan is a tax-advantaged retirement savings plan available to employees of public education organizations, some non-profit employers, and certain ministers, similar to a 401(k) plan.

Municipal Bond

A debt security issued by a city, municipality, or county to finance its capital expenditures, typically offering tax-exempt interest payments.

Corporate Bond

A debt security issued by corporations to finance their operations, which promises to pay the holder a specified rate of interest and return the principal at maturity.